Ethereum (ETH) has been facing heightened volatility over the past week, following a sharp correction from its recent local high at $3,940 down to $3,360. After weeks of aggressive buying activity and bullish momentum, the market is now showing signs of fatigue. Analysts are growing cautious, with many warning that a deeper correction could be imminent if Ethereum fails to reclaim key support zones. Related Reading: Bitcoin Demand Holds Strong Despite Price Drop: Accumulation Trend Remains Intact Adding to these concerns, fresh data reveals a significant shift in market dynamics. The taker buy/sell ratio — a key indicator that tracks the aggressiveness of buyers versus sellers — has sharply declined into negative territory today. This signals that sellers are currently dominating the order books, applying sustained pressure on ETH’s price action. While some view this as a typical cooldown phase after a major rally, others believe Ethereum is entering a riskier phase where bearish sentiment could intensify if support fails to hold. The coming days will be critical in determining whether ETH stabilizes around current levels or slides further into correction territory. Ethereum Faces Short-Term Selling Pressure According to top analyst Darkfost, Ethereum’s taker buy/sell ratio has dropped sharply into negative territory today, reaching 0.87—one of the lowest levels recorded since the start of the year. This metric, which measures the ratio of aggressive buyers to sellers in futures markets, reveals that selling pressure is now firmly in control of ETH’s order books. Although today’s data is still incomplete, the current reading already indicates a dominance of sell orders on Ethereum futures. Darkfost notes that this shift has been developing for several weeks. Since July 18th, the taker buy/sell ratio has been mostly negative, which correlates with Ethereum’s recent inability to break through key resistance levels and its transition into a short-term consolidation phase. While this may seem concerning for bullish traders, Darkfost emphasizes that such consolidations are a normal part of market cycles, especially after a strong rally. He suggests that Ethereum could face a challenging period in the short term, as market sentiment remains fragile and sellers continue to control intraday movements. Related Reading: Bitcoin Investors Selling More Aggressively As Bull Cycle Matures: Risk Appetite Fades? However, this phase might offer a healthy foundation for the next leg up. If Ethereum manages to stabilize and consolidate above critical support zones, the broader trend remains favorable. Long-term fundamentals, including on-chain accumulation and growing institutional interest, still point toward upside potential once this phase of selling pressure eases. Price Analysis: Bulls Attempt Recovery After Sharp Decline Ethereum is currently trading at $3,654.60, attempting to stabilize after a sharp correction from its recent highs around $3,940. The 4-hour chart shows a recovery bounce that met resistance near the 50-period SMA (currently at $3,668.28), signaling that bulls are facing strong selling pressure at this level. Despite the bounce, ETH remains below the key horizontal resistance at $3,860.80, which has capped multiple upward attempts in recent weeks. The bullish attempt to reclaim momentum earlier today was rejected near this level, leading to a quick retracement back into the $3,600-$3,650 zone. The 100-period SMA (green line) at $3,695.32 is acting as dynamic resistance, while the 200-period SMA (red line) at $3,303.42 serves as a longer-term support level should the correction deepen. Related Reading: Bitcoin Inflows To Binance Accelerate: Investor Behavior Shifts After Months Of Decline Volume spikes indicate that buyers are stepping in aggressively on dips, but overall, Ethereum remains in a short-term consolidation phase between $3,850 and $3,350. A decisive breakout above $3,860.80 is required to regain bullish momentum, while failure to hold above $3,600 could expose ETH to another retest of lower support levels around $3,300-$3,350. Featured image from Dall-E, chart from TradingView
Ethereum’s on-chain activity is heating up, and price action tends to follow this growing engagement. Rising active addresses indicate that existing users are interacting with the network more frequently, while the surge in new addresses reflects a steady influx of fresh participants. These metrics suggest that ETH growth is being driven by genuine utility, rather than pure speculation. If these daily transactions persist, ETH could be entering a new phase where fundamentals and market sentiments begin to align, as the ETH engine runs hotter than ever. Is Ethereum Positioning For Market Leadership? Ethereum on-chain activity is quietly but decisively gaining momentum. According to Cas Abbe’s post on X, ETH’s daily transactions have now climbed to their highest levels in more than a year, which is a sign that network usage is not just holding steady, but also accelerating. Related Reading: Ethereum Chain Dominates RWA Market With 83.69% Share Data shared by the expert shows that the number of daily transactions stands at about 1.7 million. This surge in activity suggests that ETH’s fundamentals are strengthening, even if price action hasn’t fully reflected it yet. Presently, more users are engaging with the ETH network, as both active addresses and new addresses trend sharply upward. This is more than short-term trading noise; it’s a sign of real adoption and sustained network usage. While daily transactions have spiked, the EIP-1559 upgrade has continued to act as a quiet and powerful force in Ethereum’s economics by permanently removing ETH from circulation over time, leading to a tightening supply. Despite recent market volatility, Cas Abbe highlighted that the net ETH emissions remain near neutral, which means that the ETH supply dynamics are becoming increasingly tight. This combination of rising network usage and limited net supply is a powerful market signal. It shows that ETH momentum isn’t being driven by short-term hype, but by genuine, sustained demand for block space and the service built on its network, and long-term fundamentals. Could Strategic Accumulation Mark The Start Of A New Bull Phase? Ethereum continues to experience notable growth in several key areas. Recent reports revealed that ETH’s strategic reserve has exploded in size over the past few months, signaling a dramatic shift in market positioning. Related Reading: Ethereum Treasury Strategy: BTCS Seeks $2 Billion Raise For Crypto Accumulation An analyst known as Crypto Patel stated on X that back in April, the ETH strategic reserve stood at around $200 million. Meanwhile, today, the reserve has surged to an astonishing $10 billion, which reflects a 50% increase in just four months. The sharp growth in the ETH strategic reserve is more than just a big number; it’s a clear signal of strong accumulation and deep long-term confidence in the ETH network’s future. It also suggests staking growth and large-scale capital repositioning ahead of ETH’s next potential catalysts. Featured image from iStock, chart from Tradingview.com
Earlier last week, the Ethereum price was retracing severely, giving up a fraction of the gains garnered from the previous bull rally. Despite this brief show of weakness, a crypto pundit forecasts that the leading altcoin may be on the brink of an explosive rally toward a new all-time high of $9,000. This bullish projection is based on the completion of a Broadening Wedge formation and an ongoing retest of the pattern’s upper boundary, which may now act as support. Ethereum Price Chart Signals Major Breakout According to the new technical analysis released by crypto market expert Gert van Lagen on X social media, Ethereum could be gearing up for a major breakout move, with price action potentially targeting upper bullish levels around $9,000. This report is based on a key chart pattern, the Descending Broadening Wedge, which has historically proven to be a powerful bullish continuation setup. Related Reading: Ethereum Price Crash: What’s Happening And Where ETH Is Headed Next On the weekly timeframe, Ethereum has completed a breakout above the upper resistance of the long-standing Descending Broadening Wedge pattern. After its initial breakout attempt, Lagen notes that Ethereum is now retesting the former resistance trendline, which has flipped into potential support. This retest is considered critical, with the analyst highlighting it as ETH’s second attempt to break higher while sustaining its bullish momentum. The technical setup, as outlined by Lagen’s price chart, shows a projected upside of 79% from the breakout point, which could send Ethereum soaring toward the $9,000 level. Lagen highlights that statistically, such patterns resolve upward 67% of the time, reinforcing ETH’s bullish outlook. The price zone also aligns with a historical sell line—an area where traders may begin taking profits as the cryptocurrency approaches upper targets. Interestingly, Lagen notes that the Bitcoin price has previously formed a similar Descending Broadening Wedge structure. At the time, the analyst had predicted that a successful retest of the pattern’s upper boundary could trigger a massive surge to $230,000 for Bitcoin. This historical parallel reinforces the belief that Ethereum could be on the verge of a similar upward trajectory if the current retest confirms support. Analyst Sees ETH Surpassing $5,000 This August Despite ETH’s brief pullback, August is shaping up to be a potentially explosive month for the leading altcoin. Market expert, ‘Crypto GEMs’ on X, predicts that Ethereum will break past $5,000 before the month is over. The analyst’s technical chart shows a strong bullish setup forming after Ethereum’s brief price correction. Related Reading: This Ethereum Descending Broadening Wedge Pattern Looks Similar To 2019-2020, Here’s What Happened Last Time Currently, ETH is trading around $3,554 following a steep drop from its July highs of around $3,900. While this decline may appear concerning to some, Crypto GEMs sees it as a golden buying opportunity. The analyst encourages traders to take advantage of lower prices and “buy the dip”, as ETH positions for its next potential leg up. Featured image from iStock, chart from Tradingview.com
Ethereum is undergoing a notable correction after an explosive rally that saw its price surge over 85% since late June. After reaching a local high near $3,940, ETH has pulled back approximately 13%, sparking debate among analysts about whether this is a healthy consolidation or a shift in market momentum. While some view the retracement as a natural pause after a rapid uptrend, others caution that selling pressure and macroeconomic uncertainty could trigger deeper downside moves. Related Reading: Exchanges Receive 21,400 Bitcoin At A Loss From Short-Term Holders – Retail Capitulation? However, on-chain data from CryptoQuant paints a different picture beneath the surface. Despite the recent price drop, a massive amount of Ethereum has been consistently withdrawn from exchanges over the past few weeks. This trend suggests aggressive accumulation by investors moving their holdings into cold storage, reducing the liquid supply on trading platforms. Such outflows are often interpreted as a bullish signal, indicating that holders are positioning for long-term gains rather than preparing to sell. As Ethereum continues to lead in areas like DeFi, stablecoins, and Real-World Asset (RWA) tokenization, this structural demand could provide a strong foundation for price stability and future rallies. Ethereum Bullish Accumulation Trend Continues Analyst Ali Martinez has revealed that over 1 million Ethereum (ETH) have been withdrawn from exchanges in the past two weeks, signaling a strong accumulation trend among investors. This massive outflow reduces the liquid supply of ETH available for trading, which historically correlates with long-term bullish price action. Despite Ethereum facing a 13% correction from its recent high of $3,940, the consistent withdrawal of coins suggests that investors are positioning for the next leg up. This accumulation trend mirrors the investor behavior seen in Bitcoin over the past year. BTC experienced a similar pattern of exchange outflows throughout 2024, which laid the groundwork for its massive bull cycle. Analysts now believe that Ethereum could follow a comparable trajectory, as the fundamentals supporting ETH remain robust, including its dominance in DeFi, stablecoins, and Real-World Asset (RWA) tokenization. While the market sentiment remains broadly bullish, some risks persist. Recent US job data released on Friday sparked short-term panic, injecting volatility across crypto and traditional markets. However, many analysts view Ethereum’s current correction as a healthy retracement and an opportunity to accumulate ETH at a discount before the market resumes its upward trend. Related Reading: Ethereum New Addresses Surge To Nearly 257K In A Day, Matching 2017 And 2021 Bull Markets ETH Testing Key Support After Sharp Correction Ethereum (ETH) is currently trading around $3,391 after a sharp correction from its recent high of $3,940. The 12-hour chart reveals that ETH has broken below its short-term support and is now testing the 50-day SMA at $3,462, which could act as a near-term support level. If bulls fail to defend this zone, the next critical support is located around $2,852, a key level that previously acted as strong resistance in late June. Volume spikes during the breakdown suggest increased selling pressure, which aligns with recent profit-taking activities by short-term holders. However, despite this drop, Ethereum’s price structure remains in an overall uptrend, with higher highs and higher lows intact on the broader timeframe. Related Reading: Bitcoin Advanced Sentiment Index Reaches Bearish Levels: Futures Traders Show Caution The correction appears to be a retest of previous breakout levels, as ETH had surged over 85% since late June. Maintaining the $3,350-$3,450 range is crucial for bulls to regain control and attempt another move toward the $3,860 resistance zone. Failure to hold could trigger a deeper correction towards the 100-day SMA at $2,972. Featured image from Dall-E, chart from TradingView
In a powerful show of investor confidence, spot Ethereum exchange-traded funds (ETFs) broke all records in July with $5.43 billion in net inflows. It marks the highest monthly inflow since their market debut and reflects a sharp 369% rise from June’s inflow of $1.16 billion. With 20 straight days of net inflows, spot ETH ETFs are now cementing Ethereum’s growing role as a leading digital asset in the eyes of traditional market participants. Spot Ethereum ETFs Hit Milestone With $5.43 Billion Inflow According to data from SoSoValue, the $5.43 billion net inflow in July also dwarfed May’s $564 million and April’s $66.25 million. It completely reversed the negative outflow trend seen in March, which saw a $403 million drop. As a result of this rise, cumulative net inflows across all spot Ether ETFs have now reached $9.64 billion, showing a 129% increase compared to June’s cumulative total. Related Reading: Ripple Exec Reveals What Will Drive The XRP Price Value The massive growth didn’t stop at inflows alone. Total net assets across all spot ETH ETFs jumped to $21.52 billion, doubling from $10.32 billion just a month earlier. These funds now account for 4.77% of Ethereum’s entire market capitalization, showing that ETFs are becoming a gateway for capital entering the ETH market. Institutional interest has played a role in this growth as BlackRock’s ETHA remains the leading spot Ethereum ETF by assets, pulling in $18.18 million on July 31 and now holding $11.37 billion. Fidelity’s FETH also gained $5.62 million that same day, raising its net assets to $2.55 billion. Grayscale’s ETHE still manages a solid $4.22 billion asset base, even with a $6.8 million outflow, showing its continued relevance. Ethereum Price Rallies As ETF Inflows Hit New Highs The record-setting ETF inflows also lined up with a sharp price rally in ETH throughout July. ETH started the month at $2,486 and climbed to a high of $3,933, an increase of nearly 60%. By the end of the month, it had settled at $3,698, making July Ethereum’s strongest monthly price move since October 2021. The steady rise in ETF inflows could be a key driver behind this surge, showing that more capital entering the space may have directly boosted market sentiment and pricing. Related Reading: BlackRock Staking For Its Spot Ethereum ETF Has Been Acknowledged — But What’s Coming For ETH? The ETH rally also marked the longest bullish monthly candle in nearly three years. As prices climbed, the spot ETFs recorded their longest-ever streak of daily net inflows, 20 days in a row without a single outflow after July 8. Some of the single-day gains came mid-month, including $726.7 million on July 16, $602 million on July 17, and $533.8 million on July 22. Ethereum could challenge its all-time high of $4,878, set in November 2021, as its rising role in decentralized finance and the growing use of regulated investment vehicles could help the asset. If the current pace of inflows and trading activity continues, it could soon take center stage in a broader altcoin-led market cycle. Featured image from UnSplash, chart from TradingView.com
Ethereum has entered a correction phase after weeks of aggressive buying pressure that pushed the price to a local high of $3,940. Following this rally, ETH has retraced over 12%, breaking below the $3,450 level as the market digests recent gains. The sharp pullback has sparked concerns of a deeper correction; however, on-chain data and market fundamentals paint a more optimistic picture. Related Reading: Ethereum Taker Sell Volume Hits $335M In Just 2 Minutes: Panic Or Profit-Taking? Despite the price drop, Ethereum’s underlying strength remains intact. Whale addresses continue to accumulate during this dip, signaling high-conviction buying from large investors who are positioning for long-term gains. Additionally, Ethereum network activity is rising, with metrics such as new addresses, transaction volume, and smart contract interactions climbing back to levels last seen during previous bull cycles. The broader narrative around Ethereum also remains bullish, driven by its dominance in decentralized finance (DeFi), real-world asset (RWA) tokenization, and stablecoin infrastructure. As institutional adoption grows and regulatory clarity improves, ETH’s fundamental value proposition continues to strengthen. Ethereum Network Growth Surges Top analyst Ted Pillows has shared key data from Glassnode revealing a massive surge in Ethereum network activity. According to Pillows, the number of new ETH addresses created in a single day recently hit 256,817—a figure that matches the network growth rates observed during Ethereum’s historic bull runs in 2017 and 2021. This milestone comes despite the market experiencing a recent price correction, signaling that investor interest and on-chain adoption remain robust. Such a sharp increase in new addresses is often viewed as a leading indicator of future price expansion. It reflects a growing influx of new participants entering the ecosystem, whether for DeFi, NFTs, or tokenized assets. Analysts see this rise in user activity as a foundational driver that could fuel Ethereum’s next rally, especially as ETH continues to trade just below multi-year highs. Adding to this momentum is the wave of legal clarity in the United States, which has removed significant regulatory uncertainty around Ethereum’s status. Institutional adoption is also accelerating, with large financial firms increasingly integrating Ethereum-based solutions into their offerings, from stablecoin infrastructure to tokenized securities platforms. Related Reading: Bitcoin Advanced Sentiment Index Reaches Bearish Levels: Futures Traders Show Caution The combination of strong on-chain fundamentals, a surge in new address creation, and institutional validation suggests that Ethereum’s current market position is not a fleeting trend. Despite short-term price fluctuations, the network’s explosive growth hints at the potential for further continuation above previous cycle highs. Ethereum Tests Key Support After Sharp Breakdown Ethereum has experienced a sharp breakdown from its recent consolidation range, with the price falling to $3,454.41 after failing to hold above the $3,600 level. The chart shows a clean rejection from the $3,860 resistance zone, leading to increased selling pressure that accelerated as ETH broke below the 50 and 100-period moving averages on the 4-hour timeframe. The next critical support now lies around the $3,450 level, which has acted as a previous accumulation zone during the last bullish leg. Volume has surged on this move down, suggesting that a significant portion of this drop is driven by short-term panic selling and liquidation cascades. However, the 200-period SMA is still positioned well below current levels, at $3,192.22, indicating that the broader uptrend remains intact unless that area is breached. Related Reading: Bitcoin New Investor Dominance Rises – No Signs of Mass Profit-Taking Yet If bulls manage to defend this $3,450 level and reclaim $3,600 quickly, Ethereum could stabilize and attempt a new rally towards the $3,860 resistance. Failure to do so might open the door for a deeper correction, with the $2,850 level being the next major downside target. Featured image from Dall-E, chart from TradingView
Ethereum has faced an 8% correction since Monday, cooling off from its recent rally and slipping below the key $3,850 level. This move suggests that the bullish momentum that carried ETH higher in July is beginning to fade, with price now entering a critical consolidation phase. Bulls are still holding key support levels, but the threat of a deeper correction is growing as selling pressure intensifies. Related Reading: Bitcoin New Investor Dominance Rises – No Signs of Mass Profit-Taking Yet On-chain data shows signs of profit-taking from large investors, adding to short-term volatility and uncertainty. Heavy selling volume over the past two days has sparked speculation across the market, especially as Ethereum remains below recent local highs. Analysts are split in their outlook—some argue that this is a healthy pullback within a broader uptrend, while others warn of a potential slide toward the $3,400–$3,500 range if sentiment worsens. Despite the recent drop, Ethereum’s long-term structure remains intact, with fundamentals like growing DeFi usage and Layer 2 adoption continuing to support the narrative. However, the next few days will be critical. If bulls can defend current levels and regain momentum, ETH could attempt another move toward $4,000. If not, the market may see extended downside pressure before a clearer recovery emerges. Ethereum Sees Massive Sell-Off In Two Minutes According to top analyst Maartunn, Ethereum experienced a dramatic spike in taker sell volume, reaching $335 million in just two minutes. This massive wave of sell orders signals a key moment in the market, one that could mark either the peak of profit-taking or the end of panic-driven capitulation. While some interpret the event as large investors securing gains after the recent rally, others believe this could reflect emotional selling from retail traders spooked by short-term volatility. Despite the heavy selling pressure, Ethereum’s long-term bullish narrative remains intact. Large players continue to accumulate, taking advantage of dips and buying from weaker hands. This activity suggests strategic positioning ahead of expected growth in adoption, especially as Ethereum cements its dominance in decentralized finance (DeFi) and real-world asset (RWA) tokenization. ETH spent months in a downtrend earlier this year, weighed down by macro uncertainty and regulatory fears. Yet, while the broader market showed weakness, sophisticated investors appeared to accumulate. Now, with sentiment shifting and the price structure strengthening, Ethereum seems well-positioned for the months ahead. The $335 million sell-off highlights market vulnerability—but also shows that whales are stepping in. If price holds current levels and sentiment stabilizes, Ethereum could see a renewed push toward the $4,000 mark as confidence returns. Related Reading: Whale Buys $153M In Ethereum From Galaxy Digital OTC: Institutions Are Betting Big ETH Tests Support After Breakdown Ethereum (ETH) has officially broken below its critical resistance zone near $3,860, signaling increased selling pressure and short-term weakness. After maintaining a steady range for nearly two weeks, the price has dropped to $3,619 on the 4-hour chart, finding temporary support just above the 100-period SMA (green line), currently near $3,670. This breakdown comes amid an uptick in bearish volume, suggesting momentum may favor sellers in the short term. The 50-period SMA (blue line), located around $3,762, has now turned into near-term resistance, capping any immediate recovery attempts. If bulls fail to reclaim the $3,760–$3,800 zone, Ethereum could risk deeper downside toward the next key support around $3,175 (200 SMA, red line) or even $2,852, which served as a base in early July. Related Reading: BlackRock Goes Heavy on Ethereum: Buys 4x More ETH Than BTC Despite this weakness, the broader trend remains structurally bullish as long as price stays above the 200 SMA. However, bulls must reclaim the $3,860 level and build momentum above it to regain strength. Until then, volatility is expected, especially as profit-taking and macro uncertainty weigh on sentiment. Featured image from Dall-E, chart from TradingView
Ethereum is once again approaching critical levels after a stretch of volatile yet bullish price action. Following a sharp rebound from yesterday’s low of around $3,675, ETH is now trading above the $3,800 mark, regaining momentum as traders eye a decisive move. While short-term volatility remains, the overall structure favors continuation—provided ETH can break cleanly above the $4,000 resistance level. Related Reading: Bitcoin Heat Macro Phase Signals Market Sits Between Accumulation And Distribution This threshold now stands as the key barrier between consolidation and a potential rally toward new highs. A confirmed breakout would likely ignite fresh bullish momentum across the broader altcoin market. Until then, price remains trapped in a narrowing range, testing both trader patience and liquidity depth. Meanwhile, on-chain data supports the bullish case. According to blockchain analytics platform Arkham, whales have ramped up their accumulation, with large addresses steadily adding to their ETH holdings in recent days. This ongoing accumulation trend reflects growing conviction among high-cap players and adds weight to the possibility of further upside in the months ahead. Whale Receives Ethereum From Galaxy OTC As Institutions Double Down Ethereum’s bullish narrative gained further momentum this week after Arkham disclosed a massive on-chain transaction involving a major institutional player. A fresh wallet address—0xdf0A67Ded855F8ea4baB6399690883243c0e2EF3—just received $153 million worth of ETH, purchased directly through Galaxy Digital’s over-the-counter (OTC) desk. The scale and nature of this transaction suggest growing institutional conviction in Ethereum’s long-term potential. This isn’t just another whale move. The fact that the ETH was funneled into a new wallet from a regulated OTC provider underscores the strategic accumulation taking place behind the scenes. As traditional finance increasingly integrates with crypto, Ethereum’s utility, programmability, and future role in tokenized finance are making it a high-conviction play among institutional allocators. This heavy buy comes after a prolonged period of weakness. Earlier this year, ETH suffered persistent selling pressure, with price action sliding lower for months. Retail interest faded, and sentiment turned bearish. But while the public panicked, sophisticated players appear to have taken the other side of the trade—accumulating quietly during the downturn. Related Reading: BlackRock Goes Heavy on Ethereum: Buys 4x More ETH Than BTC ETH Consolidates Below Resistance Ethereum (ETH) continues to trade in a tight range just below the key resistance level of $3,860.80, as shown in the 4-hour chart. Despite recent price volatility, ETH has remained above its 50- and 100-period moving averages, currently near $3,756 and $3,629, respectively. This suggests that bullish momentum is still intact in the short term. Volume has picked up slightly, indicating rising interest from traders as ETH tests this critical horizontal resistance. The price has failed to close decisively above this level multiple times since July 25, highlighting its significance. However, the consistent higher lows forming over the past week point to building buying pressure beneath the surface. Related Reading: Bitcoin Long-Term Holders Begin Distribution: Mirroring Fall 2024 Cycle A confirmed breakout above $3,860.80 could open the door for a push toward the psychological $4,000 level and beyond. Conversely, failure to break resistance may lead to another retest of the 100-period moving average or even the $3,700 support zone. Featured image from Dall-E, chart from TradingView
Ethereum has struggled with the resistance at $4,000 over the last three years and has yet to make a definite break above this level. The constant rejection from here suggests that this is now the level to beat if the Ethereum price is to ever resume its campaign for new all-time highs from here. Given this, how the price reacts now to this level will determine whether there is a major crash coming or if bulls can continue their domination and trigger an altcoin season. $4,000 Is The Decision-Maker For Ethereum After multiple failed retests over the last year, the $4,000 has emerged as the undisputed psychological level for the Ethereum price. Crypto analyst The Alchemist Trader refers to this as a high-timeframe barrier due to these rejections and the major level to watch to determine the next direction for ETH. Related Reading: This Indicator Has Perfectly Called Bitcoin Cycle Tops, Here’s What It’s Saying Now In the analysis, Alchemist explains that Ethereum has now entered a decisive stage while testing the upper boundary of a long-standing range. This long-standing range is identified as the $1,300-$4,000 range, which has held for more than a year. Following the most recent failure to break out of $4,000, Ethereum has fallen back into the range and has now entered consolidation. Below $4,000, the analyst believes that trading Ethereum is filled with both opportunity and risk. This all depends on whether the altcoin breaks out or fails next, putting investors in a precarious position of picking whether to long or short the digital asset at this level. Since previous retests of the $4,000 have led to rejections and a push back toward the mid-range or lower levels, it is possible that this time follows the established trend. However, there is still a lot of bullish sentiment in the market, and Ethereum could ride this wave into another breakout from here. What Happens In A Break Or Rejection In the event of a breakout above the $4,000, the crypto analyst does see the Ethereum price reaching new yearly highs from here. The first major resistance after $4,000 would be the $4,500 level. Next up would then be the $5,000 psychological level, which would mean brand new all-time highs for the altcoin if it were to test this resistance. Related Reading: Ethereum Price To $20,000? ETH Is Mirroring Bitcoin’s Move From 2021 On the flip side, another total rejection of $4,000 could trigger a massive crash. The last rejection from this psychological resistance back in December 2024 led to a multi-month decline that saw the price crash more than 60% before finding a bottom four months later at around $1,500. In the latter scenario, the analyst expects the Ethereum price to continue to trade inside the established $1,300-$4,000 range. As such, Alchemist advises investors that “Until a decisive move occurs, traders should remain cautious and reactive rather than overly anticipatory.” Featured image from Dall.E, chart from TradingView.com
Crypto analyst Lourenço has predicted that the Ethereum price could rally to $9,000 in this market cycle. This comes as ETH eyes a breakout against its BTC pair, which could spark a massive run for the crypto and other altcoins. Ethereum Price Eyes Rally To $9,000 This Cycle In an X post, Lourenço opined that the Ethereum price could rally to as high as $9,000 at some point in this market cycle. This came as he analyzed the weekly ETH chart. The analyst noted that, depending on how the trend on the upper side of the wedge is drawn, the altcoin may have already broken it with hard closes above. Related Reading: Ethereum Price To $20,000? ETH Is Mirroring Bitcoin’s Move From 2021 Lourenço declared that the $4,000 level is an important one and that once it flips into support, there will be additional resistance between $4,700 and $5,000. However, the analyst believes that the Ethereum price is ultimately set to go and tag between $8,000 and $9,000. He also indicated that the risk-return ratio on ETH is very hard to ignore at the moment. Crypto analyst Galaxy also echoed a similar bullish sentiment for the Ethereum price. In an X post, he said that there is a lot of potential upside for ETH on the BTC pair. The analyst noted that the Relative Strength Index (RSI) is still bottomed and that, from his perspective, the trend is just beginning. His accompanying chart showed that the RSI isn’t in overbought levels despite the fact that the Ethereum price has rallied over 60% in the past month. Notably, ETH’s RSI had surged above 60 on previous highs, including when it reached its current ATH of $4,800 in 2021. The Key Is For ETH To Break Above $4,000 In an X post, crypto analyst Ted revealed that the key is for the Ethereum price to break above the $4,000 level. He noted that since the 2021 ATH, ETH hasn’t been able to reclaim the $4,000 level. However, if that happens this time around, he declared that the ETH pump will be “unstoppable.” Related Reading: Crypto Founder Reveals What Will Drive Ethereum Price To $10,000 His accompanying chart showed that the Ethereum price could rally to $5,200 in the short term. This will mark a new all-time high for the altcoin. Crypto analyst Merlijn also hammered on the $4,000 resistance. He noted that this has been the ceiling for ETH since 2021, and it has been rejected from this level seven times. However, the Ethereum price is again looking to break above this level. Merlijn remarked that this resistance isn’t just another resistance but the “gate to price discovery.” His accompanying chart showed that ETH could reach $11,000 between now and 2026 if it breaks this resistance level. At the time of writing, the Ethereum price is trading at around $3,800, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Ethereum has entered a volatile and decisive phase following weeks of strong buying pressure and rapid price appreciation. After pushing above $3,800, ETH is now facing resistance, with bulls stepping in to defend key lower demand zones. The market appears uncertain, caught between a potential continuation toward new highs and the risk of a broader cooldown. Related Reading: Abraxas Capital Faces $100M Unrealized Loss On $800M Crypto Short Positions – Details Adding to the momentum, new data from Arkham reveals that BlackRock purchased over four times more Ethereum than Bitcoin last week. This shift marks a significant moment for institutional involvement in Ethereum and signals growing confidence in its long-term potential. Analysts across the industry are beginning to take note, interpreting the move as a signal that Ethereum may be gaining favor among traditional finance giants. As Bitcoin consolidates near all-time highs, Ethereum now stands at a crossroads. Will it continue climbing and close the gap, or will rejection above $3,800 mark the beginning of a local top? BlackRock’s Ethereum Allocation Signals Growing Institutional Shift Arkham data has revealed a significant development in institutional crypto allocation: BlackRock purchased over $1.2 billion worth of Ethereum last week, compared to just $267 million in Bitcoin. This 4.5x disparity signals a decisive shift in institutional strategy, with capital now flowing more aggressively into ETH than BTC. For many in the market, this is what true institutional Ethereum adoption looks like—massive inflows that reshape market dynamics. This shift didn’t start overnight. Institutional interest in Ethereum began building back in April, when ETH hit a cycle low near $1,380. Since then, a combination of legal clarity, progress around ETF approval, and Ethereum’s maturing role in the financial ecosystem has fueled a steady wave of accumulation from large players. BlackRock’s latest allocation is simply the most visible and significant confirmation of that trend. As the broader crypto market heats up, Ethereum appears well-positioned to continue its upward trajectory. However, not everything is straightforward. ETH is now struggling to break through resistance around the $3,800 level, and the failure to reclaim new highs is beginning to stir uncertainty. Some analysts warn that the current rally may lose steam without a breakout, and fear of a short-term correction is growing. Related Reading: Bitcoin Long-Term Holders Begin Distribution: Mirroring Fall 2024 Cycle ETH Faces Key Resistance After Parabolic Rally Ethereum has staged an impressive rally over the past few weeks, surging from sub-$2,000 levels to a current price of $3,782.61. The weekly chart shows a strong bullish breakout from the $2,852.16 resistance zone, with ETH now approaching a critical barrier near $3,860.80. Price briefly reached a high of $3,941.86 before pulling back, signaling potential short-term exhaustion after an aggressive upside move. Volume has increased significantly during this breakout, confirming strong buying interest. The 50, 100, and 200-week SMAs—all converging around $2,700–$2,850—now serve as key support, reinforcing the strength of the breakout. As long as ETH remains above the $2,850 level, the broader structure remains bullish. Related Reading: TRON Sees $1B USDT Mint: Liquidity Wave Incoming? However, the current pause below $3,860 suggests indecision as bulls encounter historical resistance. A clean weekly close above this level could open the door to a continuation toward $4,200–$4,400. On the downside, a rejection followed by a drop below $3,500 may trigger a short-term correction as traders secure profits. Featured image from Dall-E, chart from TradingView
The Ethereum price may be setting the stage for a historic breakout, as a new technical analysis suggests that ETH is closely mirroring the Bitcoin (BTC) price action from 2020 to 2021. With Ethereum currently consolidating beneath a long-term downtrend line and approaching critical resistance, a crypto analyst eyes a potential move to $20,000 if the historic pattern continues to play out. Ethereum Price Mirrors Bitcoin’s Historic 2021 Pattern According to a new analysis by crypto market expert Ted Pillows, Ethereum’s current price structure is beginning to reflect a striking resemblance to Bitcoin’s breakout phase in late 2020. The analyst’s chart shows ETH following a nearly identical pattern of accumulation, re-accumulation, and compression within a descending triangle fractal that Bitcoin displayed before its parabolic bull run in 2021. Related Reading: Billionaire Mike Novogratz Says Ethereum Will Enter Price Discovery If It Takes Out This Level At the time, Bitcoin had surged from a whopping $9,550 to roughly $64,000, marking a significant price increase of 570.37%. Just like BTC during the COVID pandemic shakeout, Pillow’s analysis shows that ETH has now emerged from a prolonged consolidation phase and is testing the downtrend resistance line that has capped its highs since the 2021 peak. If Ethereum breaks through its diagonal resistance, the analyst’s chart indicates that a vertical surge toward $29,500 may become technically viable. This would represent a significant increase of approximately 672% from the cryptocurrency’s current price of $3,820. Notably, the path to this bold target mirrors Bitcoin’s trajectory after it broke out of its long-term downtrend, triggering a rapid and exponential move. The chart also illustrates a potential breakout zone that aligns with the timing of the previous cycle’s price expansion—indicating that Ethereum could be preparing for its most powerful price rally yet. While the trajectory of Pillows’ arrow on the chart targets a possible surge toward $29,500, the top of the green shaded zone suggests Ethereum could reach a peak above $58,500. Such a bold move would mark a historic breakout, representing a surge of roughly 1,432% and placing ETH at nearly half of Bitcoin’s price of $118,940 as of writing. Analyst Sets $5,000 As ETH’s Minimum Target Due to Ethereum’s bullish run lately, a few analysts in the crypto community have forecasted a potential rally toward the $5,000 mark—a move that would set a new all-time high for the leading altcoin. However, while many consider a surge to $5,000 a major milestone, Pillows views this target as merely a baseline. Related Reading: This Ethereum Descending Broadening Wedge Pattern Looks Similar To 2019-2020, Here’s What Happened Last Time He has set $5,000 as the minimum target for his outlook, emphasizing his firm conviction in ETH’s bullish potential. On the chart, Ethereum’s recent consolidation is marked as a re-accumulation zone, setting the foundation for a significant rally. With a breakout from its long-term resistance in sight, Pillows’ analysis suggests that Ethereum could experience an extended bull phase with limited overhead resistance. Featured image from Getty Images, chart from Tradingview.com
With the Ethereum price experiencing a decline on Monday amid a broader market correction, the altcoin continues to shine with one of its best performances in July to date. Over the past thirty days, the Ethereum price has surged by an impressive 80%, marking a significant recovery after a long period of consolidation and retest of lower levels that saw minimal bullish activity. Ethereum Price Poised For Breakout While other major digital assets like Bitcoin (BTC) and XRP have reported gains of 10% and 40%, respectively on the monthly time frame, the recent Ethereum price resurgence is particularly notable. Crypto analyst Lark Davis recently took to the social media platform X (formerly Twitter) to assert that Ethereum is on the verge of breaking the $4,000 mark, indicating that momentum is building rapidly. Related Reading: TRON Sees $1B USDT Mint: Liquidity Wave Incoming? Despite its recent gains, Ethereum remains approximately 25% shy of its peak from the 2021 cycle. Historically, Bitcoin dominance has played a crucial role in determining the Ethereum price trajectory. The analyst observed that for the Ethereum price to reach its peak, Bitcoin’s dominance needs to dip to around 40%. Currently, Bitcoin’s dominance is in a downtrend at 61%, and the last time it fell to similar levels, ETH rallied over 200%. Another analyst, known as JACKIS on X, has made a bold proclamation that Ethereum will likely never trade below $3,000 again, suggesting that any such decline would indicate a catastrophic failure of the asset. However, JACKIS acknowledges that a temporary correction down to around $3,400 is still plausible given Ethereum’s proximity to the $4,000 threshold. Wall Street Sees $60,000 Implied Value Adding to the bullish sentiment surrounding ETH’s momentum, the network’s potential has been emphasized by BitMine, a company involved in Bitcoin and Ethereum mining. In a recent social media thread, BitMine highlighted that many on Wall Street view Ethereum as the most significant macro trade for the next decade. Tom Lee, the chair of BitMine, referred to stablecoins as the “ChatGPT moment” for the cryptocurrency space, projecting that stablecoin market capitalization could soar to $4 trillion—a tenfold increase. Notably, over 60% of these stablecoins are based on the Ethereum network, boosting demand for the token. Moreover, Wall Street is increasingly exploring ways to tokenize assets on the Ethereum blockchain, further driving interest and investment in the platform. Related Reading: Asia’s Bitcoin Giant Metaplanet Adds 780 BTC In Massive Crypto Bet BitMine referenced a research titled “The Bull Case For ETH,” which posits that the long-term value of Ethereum could reach an astonishing $704,000, representing an extraordinary 18,000% increase from current levels. To contextualize this valuation, BitMine consulted several research firms to estimate the “replacement” value of Ethereum in relation to Wall Street’s activities. While this figure is intended for illustrative purposes, the implied value for Ethereum has been suggested to be around $60,000. When writing, ETH price trades approximately at $3,766. Featured image from DALL-E, chart from TradingView.com
Despite what is akin to a bull market with the Bitcoin price hitting multiple new all-time highs, the Ethereum price continues to hit major resistances in its campaign for new highs. The most recent is the resistance push at the $3,800, which perfectly aligns with the 4-year resistance line that has kept the leading altcoin by market cap from hitting new all-time highs. However, as Ethereum once again gears up for a retest, this time could be the chart that signals the breakout. Ethereum On The Verge Of Breakout Crypto analyst MMCrypto highlighted a possible breakout on the Ethereum price chart after the altcoin moved back toward a 4-year resistance trendline. This trendline had begun back in 2021 when the Ethereum price had hit its $4,800 all-time high, and since then, it has become the resistant trendline to beat for the ETH price to rally to new highs. Related Reading: Dormant Whale Sells $80,000 BTC, But Bitcoin Bulls Still In Control Over the last four years, this resistance trendline has held firmly, beating the Ethereum price back down from the $4,000 level. This has prevented a rally toward its $4,800 and made the $5,000 expected target push even farther away. But now, there could be another opportunity for Ethereum to turn the tide and break this resistance once and for all. Currently, the ETH price is still trending below $4,000, suggesting that the bears are still holding the resistance line. With the price trading below this resistance, MMCrypto points out that ETH has now been underperforming for four years. Given this, a large number of investors have lost money on their investments or haven’t seen a profit. The major target now is for the resistance to be broken. The crypto analyst explains that once this happens, then the Ethereum price could see a monumental pump from here. This pump, he explains, will be fueled by investors who have yet to realize any profit on their ETH holdings over the last four years. Related Reading: XRP Bullish Cross Playing Out Again: $9 Or $24 Next? With the expectation that the resistance trendline will be broken, the analyst urges investors to be patient. He points out that once the pump begins, those who were patient will be the ones to reap the profits of this ETH price action. Additionally, Ethereum will not be the only altcoin to benefit from a pump. Previous altcoin seasons have been sparked by movements in the Ethereum price, and if ETH is able to break toward a new all-time high, then the altcoin market is expected to follow suit. “The Ethereum Pump if & when it happens, will have a broad influence on the whole Crypto Space & take many Altcoins with it! Be ready, be prepared,” the analyst said in closing. Featured image from Dall.E, chart from TradingView.com
Ethereum is steadily gaining ground as Bitcoin’s dominance continues to decline, signaling a quiet shift in market power. As ETH captures a larger share of the crypto landscape, key support and resistance levels are now in focus, pointing to potential for further upside. Ethereum Captures Larger Market Slice as BTC Weakens In a recent update on X, The Boss pointed out that Ethereum’s dominance in the crypto market is steadily increasing, aligning with previous expectations. As Bitcoin dominance begins to slip, Ethereum is gaining momentum, gradually capturing a larger share of the total market capitalization. This shift highlights the growing confidence in Ethereum’s relative strength compared to Bitcoin under current market conditions. Related Reading: Billionaire Mike Novogratz Says Ethereum Will Enter Price Discovery If It Takes Out This Level The Boss also emphasized the technical significance of a green line marked on the dominance chart, identifying it as a key support zone. As long as Ethereum dominance remains above this level, the bullish outlook remains intact. This support has previously acted as a reliable floor during past consolidations, and holding above it could provide the foundation for further gains in dominance. Attention is now turning to potential resistance zones, which The Boss illustrated using yellow lines derived from Fibonacci retracement levels. These levels represent likely areas where ETH dominance could face selling pressure or hesitation. However, surpassing them could indicate further strengthening of Ethereum’s position in the market. Overall, The Boss’s analysis suggests that the decline in Bitcoin dominance may be fueling Ethereum’s rise, and the technical setup remains favorable for ETH as long as it stays above the highlighted support. ETH Eyes Key Resistance Zone At $3,900 Within Rising Channel Thomas Anderson recently shared his analysis of the ETHUSD H1 chart, observing that Ethereum was trading at $3,851.25 and approaching a key resistance zone between $3,876 and $3,900. Price action is unfolding within an ascending channel, with the upper yellow line marking a critical resistance area. Related Reading: Ethereum Could Shoot Above $4,000 This Week, Predicts Analyst He further noted that the 200-day moving average, represented by the red line on the chart, is offering dynamic support around the $2,900 level. This moving average has played a crucial role in sustaining the uptrend and remains an important level to monitor in case of a retracement. The analyst highlighted that Ethereum is now testing the upper boundary of a larger ascending channel, with the $3,287.74 level acting as a solid support zone in the 4H context. Anderson emphasized that this level has served as a major floor during recent consolidations, indicating that any near-term pullback may stabilize there. While the trend remains bullish, ETH could face a temporary dip at current levels before a sustained breakout above the $3,900 area. Featured image from iStock, chart from Tradingview.com
Crypto analyst BATMAN has revealed that Ethereum is primed to make a parabolic run to a new all-time high (ATH) of $5,000. The analyst also mentioned the first resistance that ETH needs to break to reach this psychological level. Ethereum Ready To Break Out And Reach $5,000 In an X post, BATMAN noted that Ethereum is ready to break out of a massive consolidation and rally towards $5,000. He stated that the first resistance is between $4,000 and $4,200. Once that is done, there is no resistance until between $4,800 and $5,000, which could spark this rally to the $5,000 psychological level. Related Reading: Crypto Founder Reveals What Will Drive Ethereum Price To $10,000 The analyst declared that Ethereum is still in bullish territory and outperforming Bitcoin. As such, he believes any dips from here could be strong buy zones. Indeed, ETH is currently outperforming BTC. The former is up over 61% in the last 30 days while the latter is up just 11% during this period. It is also worth noting that Ethereum is already looking to reclaim the first resistance between $4,000 and $4,200. The largest altcoin by market just recently broke above $3,900 and is now looking to touch $4,000 for the first time since November last year. Crypto analyst Titan of Crypto also indicated that a parabolic move may be on the horizon for ETH. In an X post, he stated that the ETH/BTC chart is heading to the reload zone, which could spark a massive breakout for Ethereum. His accompanying chart showed that the altcoin could rally to between $7,300 and $8,700 on this move. This suggests that a rally to $5,000, as predicted by BATMAN, is unlikely to signal the top for ETH in this market cycle. ETH Dominance Also On The Rise In an X post, crypto analyst Rekt Capital revealed that Ethereum’s dominance is on the rise, increasing to around 12% for the first time in five years. He noted that the last time the ETH dominance reached 12% was exactly five years ago, in July 2020. With this latest increase, Rekt Capital stated that the altcoin’s dominance is now looking to reach as high as 14%. Related Reading: This Ethereum Descending Broadening Wedge Pattern Looks Similar To 2019-2020, Here’s What Happened Last Time This development is significant as it could usher in altcoin season, led by Ethereum. Blockchain Center data shows that the altcoin season index has surged recently to 47, although it still needs to touch 75 for it to be considered altcoin season. Crypto analyst Mikybull Crypto believes this should happen soon, especially with a golden cross forming on the ETH/BTC chart. At the time of writing, the Ethereum price is trading at around $3,900, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Ethereum is entering a powerful new chapter in its market cycle. After months of prolonged selling pressure and underperformance, ETH has staged a remarkable comeback, rallying over 175% since late April. This surge marks a turning point for the second-largest cryptocurrency, as it regains momentum and investor attention. Related Reading: $4B Increase In Bitcoin Open Interest Fueled By Whale Transfers To Exchanges – Details According to data from CryptoQuant, Ethereum Open Interest on CME Futures has now reached an all-time high—signaling heightened institutional activity and growing market engagement. This sharp increase in derivatives exposure often precedes further volatility, hinting that traders are positioning for larger moves ahead. While the overall trend remains bullish, with on-chain and derivatives data pointing toward continued strength, some analysts warn that the market may be approaching overbought conditions. Speculation is growing around a potential correction or spike in volatility as Ethereum approaches key psychological resistance zones. Still, with ETH reclaiming leadership over Bitcoin in recent weeks and altcoins beginning to move in tandem, many view this renewed momentum as the start of a broader altcoin cycle. Ethereum Leads The Way Ethereum is gaining significant momentum, both technically and fundamentally. According to crypto analyst Maartunn, ETH Open Interest on CME Futures has reached an all-time high of $7.85 billion. This spike in interest coincides with a pivotal moment for crypto regulation in the US. The recent passage of the GENIUS Act and the Clarity for Payment Stablecoins Act by Congress marks a turning point in legal clarity for digital assets. These legislative wins create a friendlier environment for Ethereum-based applications, particularly in DeFi, where many protocols had previously operated in legal uncertainty. With a more defined regulatory path, Ethereum stands to benefit as developers and capital increasingly move onshore. At the same time, Ethereum has shown notable strength against Bitcoin. ETH/BTC has been trending higher over the past few weeks, reinforcing the perception that ETH could lead the next leg of the market cycle. This shift is important—especially as investors rotate from Bitcoin into altcoins. Related Reading: Ethereum Whales Accumulate Over $4.1B In ETH In Two Weeks – Details Price Action Details Ethereum continues its bullish trend, currently trading near $3,753 after a breakout rally that began in late April. The 3-day chart reveals a significant price expansion above the key resistance level at $2,852, now acting as support. ETH is consolidating just below the $3,860 resistance, which marks the final barrier before the psychological $4,000 level—last tested in late 2021 and again in late 2023. All major moving averages—the 50, 100, and 200—are now trending upward and stacked in a bullish configuration. Price action is well above these levels, indicating strong market momentum. Volume has also surged during the rally, suggesting real conviction behind this move rather than speculative noise. Related Reading: TRON Drops Q2 Report: Revenue, USDT Dominance Lead Multi-Quarter Highs Despite the strength, ETH appears temporarily overextended and could enter a short-term consolidation phase. A retrace toward $3,500 or even a retest of the $2,850 zone would still be considered healthy in the context of a broader uptrend. That said, as long as ETH holds above $2,850, the bullish structure remains intact. Featured image from Dall-E, chart from TradingView
Ethereum has been gaining ground in recent times, especially among institutional investors, as they believe that the leading altcoin is set to outperform Bitcoin. This is evidenced by the large buys that have dominated ETH as Ethereum treasury companies become a major player in the space. Amid this, billionaire and CEO of Galaxy Digital Investments, Mike Novogratz, has revealed the important level for Ethereum to beat to enter price discovery. Ethereum Price Needs To Cross $4,000 În an interview with SquawkBox, Novogratz points to the recent strength of Ethereum amid rapid accumulation as a reason for it being a better bet than Bitcoin. The major reason outlined for why ETH was a better bet than BTC at this point is the fact that Ethereum treasury companies are now becoming a staple, with two ETH treasury companies, such as SharpLink and GameSquare Holdings, among others, already established and more on the way. Related Reading: XRP Price Showing Quiet Strength As Next Breakout Level Lies At $4.65 As these companies continue to accumulate ETH, the billionaire explains that with not much supply, the Ethereum price is likely to rise. He also brings up the fact that Ethereum has a very powerful narrative, and the market reaching record short levels has also aided its bullishness. Given these, Novogratz explained that the Ethereum price is at least destined to knock on the $4,000 level a few times. Also, once the altcoin is able to take out $4,000, then the billionaire believes that the ETH price will enter into price discovery, which could drive it higher. As Ethereum continues to look like the better bet, he also believes that the altcoin could end up outperforming the Bitcoin price over the next 3-6 months. This gives a short timeframe, especially as Bitcoin has already hit multiple new all-time highs over the past year, and Ethereum is yet to beat its highs from 2021. ETH Is Already Outperforming Bitcoin So far, in the month of July, the Ethereum price has greatly outperformed that of Bitcoin in terms of gains, lending credence to Novogratz’s expectations that the altcoin will outperform the pioneer cryptocurrency. According to data from CryptoRank, ETH is up more than 45% this month already compared to the less than 8% on record for Bitcoin. Related Reading: This Ethereum Descending Broadening Wedge Pattern Looks Similar To 2019-2020, Here’s What Happened Last Time Over the last 90 days, as well, the Ethereum price has doubled to put in more than 100% in gains. Meanwhile, Bitcoin’s gains still sit just above 22% for the same time period. Nevertheless, Bitcoin continues to dominate the market, with BTC dominance sitting above 61% and holding altcoin season at bay. Featured image from Dall.E, chart from TradingView.com
BitMEX co-founder and crypto investor, Arthur Hayes, has outlined the key catalysts that could drive the Ethereum price to a $10,000 all-time high by year-end. In a detailed market analysis, Hayes explains how expanding US credit policies, growing institutional interests, and a shift toward wartime economic strategies could create the ideal conditions for a major ETH price rally. Ethereum Price Set To Hit $10,000 By Year End On July 23, Hayes published an in-depth report on Substack, analyzing geopolitical trends and how they could create the ideal conditions for a major Ethereum price surge. The crypto founder has set a bold target of $10,000 for ETH by the end of 2025, attributing the future rally to macroeconomic shifts and increasing institutional appetite. Related Reading: This Ethereum Descending Broadening Wedge Pattern Looks Similar To 2019-2020, Here’s What Happened Last Time Hayes believes that as the US leans further into wartime economic policies under President Donald Trump’s reign, a wave of credit expansion could be unleashed—fueling “asset bubbles,” particularly in crypto. According to the BitMEX co-founder, Ethereum could benefit most from this environment. While Bitcoin remains the crypto reserve asset, Hayes notes that ETH has been largely overlooked since Solana’s explosive rebound post-FTX. However, he asserts that the tides are turning, especially among Western institutional investors who are starting to favor Ethereum-based assets. The crypto founder pointed to growing confidence in Ethereum from financial influencers like Tom Lee and a renewed interest in DeFi ecosystems as early signs of a potential breakout. Hayes’ venture capital firm, Maelstrom, is now also fully committed to ETH and the broader ERC-20 ecosystem. He has declared that the next ”Ether bull run” is imminent, forecasting a 176.3% rise from ETH’s current price of $3,619. Alongside his $10,000 Ethereum target, the crypto founder projected that Bitcoin could skyrocket to $250,000 before the end of the year. ETH Rally Tied To US Economic And Wartime Developments In his report, Hayes seemingly connects Ethereum’s upside potential to a broader macroeconomic narrative rooted in fiscal policy and geopolitical conflict. He argues that the US is shifting toward a form of state-sponsored capitalism or economic fascism designed to fuel wartime production. Related Reading: Ethereum ATH Above $4,800? Here’s How High It Will Go If 2021 Repeats According to the crypto founder, this strategy encourages banks to lend freely to companies without government-guaranteed profits. He noted that when the fiat supply increases without a corresponding rise in raw materials or labor, inflation becomes unavoidable. To manage this, he suggests the government may need to blow bubbles in non-essential assets like crypto, to absorb excess credit without destabilizing essentials like food or housing. Furthermore, Hayes believes that just as Ethereum stands to benefit from this environment, stablecoins may play a key role in building it. As the crypto market cap grows, so does the amount stored in stablecoins, most of which are reinvested into US Treasury bills. For instance, if the market cap of crypto hits $100 trillion by 2026, the BitMEX co-founder predicts that stablecoins could indirectly fund trillions in government debt, ultimately making crypto an integral player in sustaining wartime fiscal policies. Featured image from iStock, chart from Tradingview.com
Ethereum is showing renewed strength after a sharp but short-lived pullback. Following its recent high of $3,860, ETH dipped to the $3,500 zone — a key level that quickly attracted buying interest. Now, price action is pointing upward again, with Ethereum pushing to reclaim the $3,700 range, signaling bullish momentum may be back in control. Related Reading: Bitcoin LTHs Start Distributing: CDD Ratio Hits Historic Levels Despite the recent volatility, on-chain data support the case for continued upside. According to Santiment, whales have been aggressively accumulating ETH throughout the pullback. This surge in accumulation suggests that institutional players are positioning themselves ahead of the next leg of the rally, anticipating strength in the coming months. These strategic inflows have historically preceded sustained upward trends. The resilience around the $3,500 level, combined with the swift recovery attempt, underscores Ethereum’s strong bullish structure. With a favorable macro environment, regulatory clarity, and mounting institutional interest, Ethereum appears poised for continued expansion as the second half of the year unfolds. All eyes are now on whether this bounce holds and leads to a renewed breakout above resistance. Whales Add Ethereum as US Legal Clarity Boosts Bullish Outlook Ethereum’s bullish momentum is being reinforced by aggressive accumulation from major investors. According to analyst Ali Martinez, whales have purchased more than 1.13 million ETH—worth approximately $4.18 billion—over the past two weeks. This surge in buying activity marks one of the most significant accumulation phases in recent months and signals rising confidence among institutional players. The accumulation comes at a critical time for Ethereum, which has been consolidating near the $3,700 level after a brief pullback from its $3,860 high. This whale activity not only adds fuel to the ongoing price recovery but also strengthens Ethereum’s bullish structure heading into the second half of the year. Beyond market behavior, macro and regulatory shifts are also favoring Ethereum and the broader altcoin market. The recent passage of the GENIUS Act and Clarity Act by the US Congress marks a pivotal moment for crypto legislation. These new laws offer long-sought legal clarity for decentralized finance (DeFi) platforms and digital assets, encouraging US-based innovation and capital flows into the space. This evolving regulatory framework removes one of the biggest barriers for institutional adoption of Ethereum and DeFi. With clearer rules and a growing appetite for ETH among whales, the stage is set for a potentially explosive rally if current momentum holds. Related Reading: Bitcoin STH Realized Price Chart Reveals Key Defense Zones Amid Volatility ETH Holds Strong After Pullback Ethereum (ETH) is showing renewed strength after a brief correction from its local top at $3,860. As seen in the 4-hour chart, ETH dipped to $3,500 but quickly bounced, reclaiming the $3,700 zone and closing in on key resistance at $3,776 and $3,860. This rebound indicates strong buyer interest and resilience in the uptrend. The price is now trading above all major moving averages (50, 100, and 200), which are stacked bullishly. The 50-SMA at $3,648 has provided dynamic support in recent sessions, while the 100-SMA and 200-SMA at $3,304 and $2,883, respectively, remain far below current price action—underscoring the strength of this upward move. Related Reading: Bitcoin Holders Still Reluctant To Sell – Supply Active Data Shows Room For Upside Volume is picking up slightly as ETH consolidates in a tight range near resistance. A breakout above $3,860 would likely open the door to a move toward new local highs, while failure to breach this level may result in another test of the $3,648 support area. Featured image from Dall-E, chart from TradingView
Crypto analyst Crypto Bullet has alluded to a technical pattern for Ethereum, which mirrors its 2019/2020 price action. Based on the similarities, the analyst gave a breakdown of what to expect from ETH in the coming months. Ethereum Shows Descending Broadening Pattern In an X post, Crypto Bullet stated that Ethereum has shown an impressive recovery and is now starting to resemble a Descending Broadening Wedge pattern. He further noted that this pattern is almost identical to the one which ETH had between 2019 and 2020. The analyst added that the picture looks very bullish right now. Between 2019 and 2020, when this pattern emerged, the altcoin rallied from around $180 to $700 in just six months. Related Reading: Ethereum Maxi Compares Bitcoin To Outdated Landlines, Reveals Why ETH Is Better Further commenting on the current Ethereum price action, Crypto Bullet revealed that the altcoin is testing the resistance at around $3,700 for the third time. He believes that ETH will eventually break out from this range. However, the analyst warned that there may be a 10 to 15% pullback around that area before that. Meanwhile, Crypto Bullet assured that Ethereum will rally hard once it breaks out from this formidable resistance. He predicts that this breakout will lead to a new all-time high (ATH) for ETH, meaning the altcoin is likely to reach $4,900 on the next uptrend. The analyst also stated that the cycle top target for ETH is between $8,000 and $10,000. Crypto analyst Mikybull Crypto is also confident that Ethereum can reach $10,000 before this market cycle ends. In an X post, he stated that the euphoria stage will start when ETH breaks a new all-time high (ATH). He indicated that the break above ATH will spark a rally to between $7,000 and $10,000. Once that happens, the analyst believes that a massive bear market will ensue. ETH Is Yet To Enter The Banana Zone In an X post, crypto analyst Ted stated that Ethereum is yet to enter the banana zone. He noted that right now, the altcoin is going through a correction after pulling a 70% rally from its April 2025 lows. The analyst further opined that there will be some sideways accumulation before ETH breaks above $4,100. Related Reading: Ethereum’s Breakout Above The MA50 Suggests Further Upside, Here’s The Target However, once that happens, he predicts that Ethereum will record the “most violent rally.” His accompanying chart showed that ETH could rally to a new ATH of around $7,000 on the first leg up. Based on the chart, Ted also believes that the altcoin could reach $14,000, $41,000, and $92,000 at some point. At the time of writing, the Ethereum price is trading at around $3,563, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
After hitting above $3,800, the Ethereum price seems well on track for the next phase of the cycle. The ongoing trend has been closely mirroring what was seen back in 2016-2017 before the surge that sent the altcoin’s price to new all-time highs. This remains a major deal given that if the trend does play out similarly to what was seen in the 2017 cycle, then it means that the Ethereum price rally is only just beginning. Ethereum Price Mirrors Bullish 2017 Back in 2017, before the bull market, the Ethereum price had struggled to stay on track with the Bitcoin price. This resulted in a lag as the price kept taking a beating with each uptrend. In the end, the Ethereum price ended up ranging for a while, with two fakeouts before the price was able to eventually breakout. Related Reading: Analyst Predicts Explosive 126% Shiba Inu Rally After SHIB Surpasses Litecoin Market Cap Similarly, the Ethereum price has ranged for the last year, with multiple fakeouts that have already kept the price low. Just like 2017, again, a crash sent the altcoin’s price down by almost 50% to create what seemed to be the perfect bear trap, as illustrated in this chart by crypto analyst Merlijn The Trader on X (formerly Twitter). The analyst points out these similarities in the Ethereum chart, showing that the same range, fakeout, and breakout have now played out for the cryptocurrency just like they did in 2016-2017. Given this, it is likely that the next phase in the trend will also follow the 2017 playbook. After the bear trap and eventual breakout in 2017, the Ethereum price had rallied by 5,000%, going from under $8 to over $250 in less than one year. Applying a similar breakout structure to Ethereum in 2025 would mean rising as high as $40,000. However, adjusting for how high the market cap currently is, a conservative target would mean that the Ethereum price is at least able to cross the $10,000 level, which would be only a 200% increase from its current level. Applying the same timeframe as in 2017 would mean that it could play out in the next six months. Related Reading: Analyst Drops ‘Realistic’ Price Predictions For Bitcoin, Ethereum, LINK, BNB, And Aptos Additionally, Ethereum now has something that it didn’t have back in 2017, and that is institutional backing. Presently, Ethereum is quickly becoming a favorite among institutional investors as ETH treasury companies have poured over $7 billion into the altcoin, according to data from The Block. In July 2025 alone, over $2 billion has flowed into Spot Ethereum ETFs, showing a ramp-up in institutionalized interest. Due to this rise in institutional investments, Merlijn The Trader has explained that institutions are now the ones behind the wheel with the same setup from 2017. This suggests higher liquidity as these major players are expected to drive and determine the ETH price this cycle. Featured image from Pixabay, chart from TradingView.com
Crypto analyst Xanrox has declared that the Ethereum price is on the brink of recording a parabolic rally to $5,500, a new all-time high (ATH). He also outlined factors that could drive the ETH rally to this target. Ethereum Price Eyes Rally To $5,500 In The Short Term In a TradingView post, Xanrox predicted that the Ethereum price could rally to $5,500 in the short term because banks and states are buying. He also claimed that ETH is part of the USA crypto reserve, which is bullish for the altcoin. Meanwhile, the analyst also alluded to the Ethereum ETFs, as another factor that could drive demand for ETH. Related Reading: Ethereum ATH Above $4,800? Here’s How High It Will Go If 2021 Repeats According to him, these institutional investors count ETH as the future of the crypto industry, which is a positive for the Ethereum price. These institutional investors have recently been warming up to ETH amid optimism that these funds could soon include a staking feature following the SEC’s approval. For the first time last week, these funds beat the Bitcoin ETFs in daily flows. Xanrox is also bullish on the Ethereum price from a technical analysis perspective. He noted that the altcoin is currently inside an ascending channel and breaking out with strong bullish momentum. The analyst also indicated that this was still a good time to buy ETH despite how much it has rallied this month, reaching a six-month high. He claimed that the Ethereum price is somewhere in the middle. As such, those who buy now can get to sell when ETH reaches $5,500. Xanrox added that the $5,500 level is likely where the altcoin will consolidate for a long time before going higher. Interestingly, his accompanying chart showed that Ethereum could even rally to as high as $113,000 at some point. A Demand Shock Is Coming For ETH In an X post, Bitwise Chief Investment Officer (CIO) Matt Hougan declared that a demand shock is coming for ETH, which is why he predicts that the Ethereum price will continue to rally. He noted that the altcoin is up over 50% in the past month and more than 150% since its lows in April, thanks to overwhelming demand from ETFs and corporate treasuries. Related Reading: Ethereum Road To $10,000: Replay Of May’s Playbook Predicts Another Breakout Matt Hougan expects this demand to keep rising. He noted that ETF investors remain significantly underweight in terms of their ETH-to-BTC holdings ratio. The market expert further stated that although ETH’s market cap is about 19% the size of BTC, the Ethereum funds have amassed less than 12% of the assets that the Bitcoin ETFs hold. As such, he expects these investors to allocate more ETH, which is bullish for the Ethereum price. The Bitwise CIO predicted that Ethereum ETFs and treasury companies could purchase up to $20 billion of ETH in the next year, equivalent to 5.33 million ETH at today’s prices. Meanwhile, the Ethereum network is expected to produce around 800,000 ETH over the same period, resulting in demand that is seven times greater than supply. At the time of writing, the Ethereum price is trading at around $3,700, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Ethereum is approaching a pivotal juncture that could define its next major move. After weeks of impressive recovery, the chart is now flashing a familiar and powerful pattern — one that echoes the 2019–2020 breakout structure. With ETH pressing against a long-standing resistance line for the third time, a potential breakout could spark a massive rally. However, as momentum builds, a brief pullback may still be on the cards before the bulls take full control. Ethereum Poised For A Massive Move Crypto analyst CryptoBullet has spotted something interesting on Ethereum’s weekly chart. In his post, the expert notes that ETH is displaying a strong recovery and forming what appears to be a Descending Broadening Wedge, a rare yet historically bullish pattern. According to CryptoBullet, this setup bears a striking resemblance to what occurred between 2019 and 2020, just before Ethereum embarked on a massive run. Related Reading: Ethereum’s Breakout Above The MA50 Suggests Further Upside, Here’s The Target CryptoBullet emphasizes that the current price action is looking very bullish. He points out that Ethereum is now testing the wedge resistance for the third time, which typically increases the chances of a breakout. Despite the optimism, CryptoBullet remains realistic about near-term volatility. He suggests that Ethereum could face a brief 10–15% pullback near the current resistance zone. Such a move would be healthy and could offer a final shakeout before liftoff. If ETH manages to break above this key resistance, CryptoBullet believes it would confirm the bullish pattern and open the door to a significant rally. In that scenario, he believes a new all-time high is almost inevitable. Short-Term Pullback Possible—But The Bigger Trend Remains Intact According to Andrew Crypto in a recent post, Ethereum has shown exceptional strength over the past few weeks, pushing through key levels and maintaining bullish momentum. While this kind of rally is exciting, markets rarely move up in a straight line without occasional corrections. Healthy trends often include pullbacks that allow momentum to reset and provide stronger support for the next leg up. Related Reading: Ethereum Price Breaks Through 50EMA After Rejection, ETH Dominance Sees Resurgence Andrew pointed out that ETH recently got rejected from a local supply zone, which could act as a short-term ceiling. However, this rejection toward the Yearly Open (YO) level, positioned at $3,335, would be a logical and healthy move. A retest of this level could serve as a launching pad for the next rally, especially if buyers step in with conviction. While Andrew clarified that a correction isn’t guaranteed, he mentioned that he wouldn’t be surprised if it happens. In his view, such a dip shouldn’t be feared but rather seen as a potential opportunity, especially for those who missed out on the initial run. A well-timed pullback could restore balance to the chart and bolster Ethereum’s price. Featured image from Pixabay, chart from Tradingview.com
Arthur Hayes has never been shy about big numbers, but his latest essay, Time Signature, frames those targets inside a sweeping macro thesis: a wartime‑style US credit boom that—if it unfolds as he expects—could send Bitcoin and crypto markets into their largest bubble yet. Writing on 22 July, the BitMEX co‑founder argues that financial markets, like dancers, must keep time with the “kick drum” of credit creation. “If we are out of time, we lose money,” he warns, before identifying the beat he believes traders must follow today: US wartime industrial policy, or what he bluntly calls a shift toward economic “fascism.” Hayes centres his argument on the Pentagon’s newly announced deal with MP Materials, under which the US Defense Department will become the miner’s largest shareholder, guarantee a floor price for critical rare‑earth elements at twice China’s current market rate, and back a $1 billion bank loan to build a Nevada processing plant. The structure, he writes, is the template for “QE 4 Poor People,” a credit‑multiplier that expands the money supply without formal Congressional approval. Related Reading: Trump Shares Viral Bitcoin Breakdown — Here’s What He Posted In his schematic example a single commercial‑bank loan to MP Materials “creates $1,000 of new fiat wampum,” then ripples outward as wages, deposits and discounted Treasury borrowing. “The money multiplier is > 1, and this wartime production leads to an increase in economic activity, which is accounted for as ‘growth,’” Hayes observes. The result, he says, is inevitable inflation, yet also “government‑guaranteed profits” for banks and industry. Why Bitcoin And Crypto Is The Bubble Of Choice Hayes’ historical analogy is China’s 1990s–2020s property boom, where a five‑thousand‑percent expansion of M2 forced households into apartments, inflating land values and local‑government coffers. In the United States, he contends, the socially acceptable pressure valve will be digital assets. Two policy shifts underpin that call. First, retirement plans—an $8.7 trillion pool—may now allocate to crypto under a recent executive order. Second, the Trump campaign’s floated proposal to eliminate capital‑gains tax on digital assets could, in Hayes’ words, provide “insane war‑driven credit growth” with “no fucking taxes.” The broader attraction for politicians, he claims, is demographic: younger and more diverse investors own crypto in greater proportions than they own equities, so a bull market would “create a broader, more diverse set of people who are pleased with the ruling party’s economic platform.” Related Reading: Bitcoin Correlation To Altcoins Is Collapsing: A Warning Sign? Even a credit‑fuelled boom must find an audience for the mounting federal deficit. Hayes’ solution is the stablecoin sector, which already places most of its assets under custody in US Treasury bills. On-chain data, he notes, suggest that roughly nine cents of every new dollar in total crypto market value migrates into stablecoins. “Let’s assume that Trump propels the total crypto market cap to $100 trillion by 2028,” he writes; “that would create roughly $9 trillion in T‑bill purchasing power.” The mechanism recalls World War II financing, when the Treasury skewed issuance toward short‑term bills. In Hayes’ view, a self‑reinforcing loop emerges: wartime procurement fuels credit expansion, higher credit lifts crypto, larger crypto capitalization feeds stablecoin demand for T‑bills, and those purchases backstop further deficits. Trading Tactics—And The Year‑End Call Against that macro backdrop Hayes declares his investment vehicle, Maelstrom, “fully invested,” and explains why: “It’s pretty simple: Maelstrom is fully invested. Because we are degens, the shitcoin space offers amazing opportunities to outperform Bitcoin, the crypto reserve asset. […] Ether has been the most hated large-cap crypto. No more; the Western institutional investor class, whose chief cheerleader is Tom Lee, loves Ether. Buy first, ask questions later.” His numerical convictions are explicit: Bitcoin $250,000 and Ether $10,000 by 31 December 2025. The Western credit geyser is, he writes, “about to tear the market a new asshole.” Yet he repeatedly reminds readers that these are personal views, not investment advice. At press time, Bitcoin traded at $118,368. Featured image created with DALL.E, chart from TradingView.com
Ethereum is currently consolidating between $3,600 and $3,850 after an explosive rally that saw the second-largest cryptocurrency surge more than 80% since late June. Despite the brief pause in upward momentum, ETH remains in a strong technical position, holding above key support and showing signs of sustained bullish control. This period of sideways action could be a healthy reset, allowing the market to absorb recent gains before initiating the next leg up. Related Reading: Tron Outpaces Ethereum In Fee Revenue – TRX Burn Accelerates What’s fueling the optimism is not just price action, but a supportive macro and regulatory environment. Ethereum fundamentals continue to strengthen, with rising on-chain activity, institutional interest, and long-term holders accumulating. Adding to the bullish case is the growing legal clarity in the US, which is creating a more stable environment for crypto innovation and investment. As regulatory fog lifts, many investors now believe that Ethereum could lead the charge into what some analysts are calling the beginning of an altseason. Ethereum Transactions Surge As Adoption And Momentum Accelerate Ethereum is showing strong signs of renewed momentum as key network activity hits levels not seen in years. According to data from The Block, Ethereum daily transactions just reached a multi-year high of 1,510,000—the highest since 2021. This surge points to rising adoption across the network, with increased activity from both retail and institutional participants. Analysts suggest that this spike in transaction volume is more than a temporary trend; it may signal the beginning of a much larger phase in Ethereum’s growth cycle. The renewed activity aligns with broader market movements and increasing confidence in Ethereum’s long-term value. Institutional players are beginning to accumulate ETH, while smart money continues to position for upside. These inflows come at a time when Ethereum is consolidating just below major resistance levels, offering what many see as a key entry zone ahead of further price appreciation. Notably, Ethereum is now outperforming Bitcoin and much of the broader crypto market. This relative strength is significant, as ETH often leads the altcoin market during bullish phases. As the cycle progresses, Ethereum’s combination of strong fundamentals, rising utility, and institutional adoption is making a compelling case for continued growth. Related Reading: Ethereum Big-Money Flow Hits 3-Year High With $100B In Weekly Volume Ethereum Holds Above Support After Rally, Eyes Next Breakout Ethereum (ETH) continues to trade within a key range following a strong rally that pushed the price from below $2,500 to over $3,750 in just a few weeks. As of today, ETH is consolidating around $3,660 after being rejected near $3,742—a major resistance level seen since early 2024. The current weekly candle shows a long upper wick, indicating profit-taking at the top of the range, but price remains supported above the critical $2,852 level, now acting as a flipped support. The rising volume seen during the recent breakout suggests strong participation from buyers, and price action remains bullish as long as ETH holds above its key moving averages. The 50, 100, and 200-week SMAs are all aligned below current price levels, providing structural support and reinforcing the bullish trend. Related Reading: $331M In Shorts At Risk As Ethereum Targets Key Supply Level Traders are now closely watching for a decisive breakout above the $3,742 zone. If ETH clears that resistance, the next logical targets lie in the $4,000–$4,200 range. On the downside, a breakdown below $2,850 would invalidate the recent breakout structure. Featured image from Dall-E, chart from TradingView
A sudden surge of institutional and corporate interest in Ethereum (ETH) is setting the stage for what Bitwise Asset Management’s chief investment officer Matt Hougan calls a “structural imbalance” between supply and demand—one that could propel prices well beyond the cryptocurrency’s already‑rapid ascent this year. In a memo circulated to clients on 22 July 2025, Hougan noted that Ether has climbed more than 65 percent in the past month and over 160 percent since April. The rally, he argues, is being driven not by sentiment alone but by a dramatic mismatch between the amount of Ether produced by the network and the quantities now being absorbed by exchange‑traded products (ETPs) and newly formed “ETH treasury” corporations. Ethereum Demand Shock Is Inevitable “Sometimes it really is that simple,” Hougan wrote, echoing his long‑standing thesis that, in the short run, asset prices are dictated primarily by flows. He drew a direct parallel to bitcoin’s explosive performance following the launch of U.S. spot bitcoin ETPs in January 2024, when “ETPs, corporations, and governments acquired more than 1.5 million bitcoin, while the Bitcoin blockchain produced just over 300,000.” Related Reading: Ethereum To $10,000? Analyst Says ETH Has To Break This Level The same dynamic, he contends, has finally taken hold in the Ether market—only more forcefully. Between 15 May and 20 July, spot Ether ETPs attracted more than $5 billion in net inflows, while a handful of publicly traded companies began stockpiling the token as a primary treasury asset. Among the most aggressive buyers: Bitmine Immersion Technologies (BMNR) accumulated 300,657 ETH—about $1.13 billion at current prices—and declared an ambition “of obtaining 5 percent of all ETH supply.” SharpLink Gaming (SBET) purchased 280,706 ETH ($1.06 billion) and disclosed plans to raise an additional $6 billion for future acquisitions. Bit Digital (BTBT) liquidated its bitcoin reserves after raising $170 million, redirecting the proceeds to more than 100,000 ETH (roughly $375 million). The Ether Machine (DYNX) outlined an initial public offering built around a $1.6 billion Ether treasury. In aggregate, ETPs and public companies bought approximately 2.83 million Ether—valued at north of $10 billion—during the nine‑week stretch. Over the same period, the Ethereum network created only about 88,000 ETH in new issuance, a ratio of demand to supply that Hougan calculates at 32 to 1. “No wonder the price of ETH has soared,” he observed. Whether that pressure continues is now the central question for investors. Hougan’s answer is an unequivocal yes. He points out that, even after the recent buying spree, Ether remains under‑owned relative to bitcoin in the ETP market: Ether funds control less than 12 percent of the assets held by bitcoin ETPs, despite ETH’s market capitalisation standing at roughly one‑fifth of BTC’s. “With all the excitement surrounding stablecoins and tokenization—which are primarily built on Ethereum—we think that will change,” he said, predicting billions of dollars in additional inflows “in the next few months.” Related Reading: Tom Lee Predicts $30,000 Per Ethereum As Treasury Frenzy Begins Meanwhile, the economics of listed “crypto treasury” firms appear to be self‑reinforcing. Shares of BMNR and SBET each trade at nearly twice the net value of the Ether they hold, a premium that incentivises management teams to issue equity, raise capital, and purchase still more ETH. “As long as that remains true, you can bet Wall Street firms will funnel money into more ETH purchases,” Hougan wrote. Bitwise projects that ETPs and treasury companies could absorb as much as $20 billion worth of Ether—around 5.33 million coins at present prices—over the coming year. The protocol’s issuance schedule, by contrast, is expected to add only about 800,000 ETH to circulation during the same window, implying a 7‑to‑1 imbalance. “That’s an even higher ratio than we’ve seen for Bitcoin since the spot ETPs launched,” Hougan said. Sceptics often argue that Ether’s long‑term supply is not capped in the way bitcoin’s is, and that its valuation hinges on factors beyond simple scarcity, such as network usage and transaction fees. Hougan does not dispute those points but insists they are secondary in the near term. “In the short term, the price of everything is set by supply and demand, and right now, there is more demand for ETH than supply,” he concluded. At press time, ETH traded at $3,703. Featured image created with DALL.E, chart from TradingView.com
In a fresh post to X on 21 July, long-time cryptoc sceptic and gold advocate Peter Schiff urged holders of Ethereum (ETH) to exit while prices hover “near the upper end of its trading range.” “If you own any, this is a great time to sell,” he wrote, adding that—painful though it was for him to admit—flipping the proceeds into Bitcoin “is a better trade than holding Ether.” Sell Ethereum, Buy Bitcoin Schiff doubled down when quizzed by followers. “It’s not [better] as far as I’m concerned. I’m just looking at the charts,” he replied, arguing that Ethereum’s narrative faces “more acknowledged competition” than Bitcoin’s digital-gold storyline. At pixel time Ether changes hands at roughly $3,650 while Bitcoin trades just above $118,000, putting the ETH/BTC ratio near 0.031—toward the lower half of its five-year range. Related Reading: Institutional Demand Surges As Ethereum Sets New Inflow Records Schiff contends the ratio’s weakness reflects a structural bear market for Ether against Bitcoin. “I think Ether is in a bear market in terms of Bitcoin, and I think it just had a bear-market rally,” he told one user who pressed him for fundamentals, concluding: “So if you want to own crypto, selling Ether to buy Bitcoin makes sense.” Not everyone was persuaded. Veteran cycle watcher TechDev responded drily, “Thank you for your service sir,” reposting Schiff’s February “party is over” call that preceded Bitcoin’s spring rally. A Familiar Refrain—And A familiar Outcome Schiff’s latest chart-based admonition follows a string of bearish milestones that have mis-timed every major leg of Bitcoin’s secular advance. On 25 February he declared, “Turn out the lights, the #Bitcoin 100K party is over… the bear market is just getting started.” Less than five months later, Bitcoin still hovers comfortably above $118,000. Related Reading: Ethereum Open Interest Explodes To $28 Billion—Altcoin Rotation Begins: QCP Only a month after that February warning he predicted a full-blown crash to $10,000 once gold reaches $5,000, reasoning that Bitcoin would capitulate “95 % from its 2021 peak.” In late 2023 he ran a Twitter poll and concluded—contrary to the vote—that Bitcoin would “crash before the ETF launch.” Spot ETFs were approved in January 2024; Bitcoin never looked back. Back in November 2018, with Bitcoin trading at $3,800, he insisted it could “easily drop another 80 % from here, and at $750 it would still be expensive.” The rest is history. Now, Schiff argues that Ethereum’s smart-contract dominance is eroding as Layer-1 competitors gain mind-share and as regulators inch toward approving other altcoin spot ETFs. Whether the latest call joins the growing archive of ill-timed bearishness will turn on the ETH/BTC cross. If altcoin rotation doesn’t continue, Schiff may finally chalk up a win; if the ratio rolls over, his chart-reading case for a relative trade into Bitcoin will be vindicated even as his absolute bear thesis remains unproven. For now, the market is reserving judgment. At press time, Ether traded at $3,677. Featured image created with DALL.E, chart from TradingView.com
Ethereum is undergoing its first notable pullback after an explosive rally that took the price from $2,500 to $3,800 in less than three weeks. Despite this cooldown, bulls remain in control, with ETH holding firm above the $3,600 level—a key support zone now acting as the base for potential consolidation. The market appears to be digesting recent gains, with signs that Ethereum’s strength could be far from over. Related Reading: $331M In Shorts At Risk As Ethereum Targets Key Supply Level On-chain data from Sentora adds to the bullish outlook. Last week, Ethereum saw the highest weekly volume of large transactions since 2021. This surge in big-money activity signals rising interest from institutional players and large investors, even amid short-term volatility. With legal clarity in the US improving and Ethereum fundamentals strengthening, the current pause may be setting the stage for another leg higher. Whether this consolidation lasts days or weeks, the elevated on-chain activity suggests Ethereum’s ecosystem is heating up again, with major players positioning for the next move. Institutions Rotate From BTC Into Ethereum Sentora data confirms a major shift underway: big-money Ethereum is back. Last week, on-chain transfers over $100,000 totaled more than $100 billion—the highest weekly volume since 2021. This spike in high-value transfers reflects renewed institutional interest, reinforcing Ethereum’s role as the leading altcoin amid evolving market dynamics. The timing of this surge is critical. Ethereum’s price has rallied aggressively from $2,500 to $3,800 in a matter of weeks, and institutional capital appears to be rotating from Bitcoin into ETH. While Bitcoin remains in a tight consolidation range just below its all-time high, Ethereum’s upside momentum and on-chain strength suggest it may now be leading the charge. This rotation has sparked discussions about the beginning of “Ethereum season,” a pattern seen in previous market cycles when ETH outperforms BTC and capital begins to flow into the broader altcoin market. Some analysts believe this could mark the early stages of a long-awaited altseason. Historically, Ethereum leads such phases, acting as the gateway for investors to explore high-beta assets across the crypto ecosystem. If ETH maintains current strength and breaks above the $4,000 level, it could trigger a broader market expansion. Related Reading: Bitcoin Whale Metrics Flash Mixed Signals: Monthly Inflows Rise And Daily Outflows Start Slowing ETH Price Holds Above Key Support After Parabolic Rally Ethereum is undergoing its first meaningful pullback since beginning a powerful surge from the $2,500 region in early July. After reaching a local high of $3,801, ETH is now trading around $3,662, down approximately 2.7% on the day. Despite the minor correction, the overall structure remains bullish. The current price sits above the $3,600 zone, a level that now acts as key short-term support. Volume has slightly decreased during this pullback, suggesting that selling pressure remains relatively controlled. ETH is still trading well above its 50-day, 100-day, and 200-day moving averages, reinforcing the strength of the uptrend. The next major resistance lies around $3,800–$3,850, which aligns with previous peaks seen in early 2024. Related Reading: Chainlink Sees Heavy Accumulation – Whales Add 8M LINK In One Month A successful consolidation above $3,600 could provide the foundation for a new leg higher toward the $4,000 mark. However, failure to hold this support level might trigger a retest of the $3,450–$3,500 area, followed by stronger support around $3,000 and the $2,850 breakout zone. Featured image from Dall-E, chart from TradingView
Ethereum’s derivatives market has erupted in the past seven days, and the trading desk at Singapore-based QCP Capital argues it is the clearest evidence yet that a long-anticipated altcoin season is finally under way. In a note to clients on Monday, the firm says total perpetual open interest (OI) in ether futures has vaulted from “under $18 billion to more than $28 billion in just a week,” a jump large enough to drag the composite “altcoin-season index” above the critical 50-point threshold for the first time since December. Altcoin Season Ignites As Ethereum Outpaces BTC While it’s no surprise that retail may be chasing the momentum, it’s becoming increasingly clear that institutions are leading the charge this cycle, driven by a shift in narratives and structural developments,” QCP writes, pointing to the unusually large sizing of recent block trades on CME and Binance. Related Reading: Ethereum Set To Hit $10,000, Elliott Wave Analysis Predicts QCP singles out last Friday’s signing of the GENIUS Act as the pivotal spark behind the rotation. The law creates a comprehensive federal regime for dollar-backed stablecoins, forcing issuers to hold 100 percent short-term Treasury or cash reserves and submit to Bank Secrecy Act oversight. The White House cast the statute as “historic legislation that will pave the way for the United States to lead the global digital-currency revolution.” With regulatory clarity finally in hand, corporate treasuries “are racing to build their stockpile,” QCP says, treating ether and other smart-contract platforms—Solana, XRP Ledger and Cardano among them—as the infrastructure layer that will benefit most from an explosion in stablecoin issuance. The desk compares the emerging strategy to the hard-money playbook adopted by publicly listed bitcoin bellwethers such as MicroStrategy and Japan’s Metaplanet. The note argues that the policy tailwind is already reshaping capital flows. Spot ether ETFs attracted $602 million on July 17, out-pulling bitcoin ETFs’ $522 million and marking the first daily flow victory for ETH in the eighteen-month history of US crypto ETPs. BlackRock’s iShares Ethereum Trust recorded the single largest subscription and, according to QCP, is “broadcasting confidence” that its pending amendment to allow on-chain staking will secure SEC approval later this year. Industry analysts concur: the agency is widely expected to rule on the batch of staking amendments before year-end despite BlackRock’s late filing. Related Reading: Tom Lee Predicts $30,000 Per Ethereum As Treasury Frenzy Begins Derivatives positioning mirrors the spot-market exuberance. QCP highlights “aggressive” demand for out-of-the-money call spreads such as the ETH-26 Sep 25 $3,400/3,800 and ETH-26 Dec 25 $3,500/4,500 structures, along with a persistent bid for call-side risk reversals across all listed tenors. Implied volatility skews now favour calls by their widest margin since the April 2024 meme-coin frenzy, signalling traders’ willingness to pay up for upside exposure through the fourth quarter—precisely the window in which ETF staking approval could drop. The Ether surge has already carved four percentage points out of bitcoin’s market-share lead, driving BTC dominance down to 60 percent while lifting ETH’s share from 9.7 percent to 11.6 percent, QCP notes. If that trend holds—and the firm stresses that sustained follow-through in the options market is a key litmus test—“the next leg of altcoin season may already be in motion.” For now, QCP is monitoring three metrics: perpetual OI growth, the altcoin-season index, and relative ETF flows. A decisive break of bitcoin above $121,000 could delay rotation, the desk concedes, but the structural forces unleashed by the GENIUS Act and the prospect of yield-bearing ether ETFs give institutions a tangible reason to diversify. As QCP puts it, “we’ll be watching these signals closely—and if anything else confirms the thesis, you’ll be the first to know.” At press time, ETH traded at $3,846. Featured image created with DALL.E, chart from TradingView.com