Ethereum bulls halt momentum as whale accumulation signifies ETH may continue outperforming Bitcoin

Ethereum community members favor term 'programmable money' as its new slogan before the approval of ETF S-1 applications.

Santiment analyst expects Ethereum to continue outperforming Bitcoin following sustained whale accumulation.

Ethereum bulls seem to be stepping on the brakes as they await more clarity on S-1 applications.

Ethereum (ETH) followed a sideways trend on Tuesday as the crypto community seems to favor the term 'programmable money' as ETH's one-liner. Meanwhile, whales have continued accumulating ETH despite profiting from the recent price spike.

Ethereum is trading around $3,837 on Tuesday as it enters a sideways movement. While current price movement suggests bulls may be running out of steam, it may also indicate a temporary slowdown until the market receives clarity on conversations surrounding the spot ETH ETF S-1 approvals.