ETH Bulls Hold Steady As Bitcoin Price Takes A Dive
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Key takeaways: Ether’s bullish structure remains intact even as the broader crypto market shows weakness. Over 540,000 ETH have been accumulated by new whale wallets since July 9. A concentration of buy orders between $3,000 to $3,400 raises the risk of a liquidity sweep before a rally to new highs. After hitting a yearly high of $3,850 on Binance, Ether (ETH) has shown stronger resilience than Bitcoin (BTC) during the recent pullback. While BTC has slipped to new range lows at $115,000, ETH continues to trade above the $3,500 support level, keeping its bullish structure intact and potentially eyeing a move toward $4,000. On the four-hour chart, ETH is holding above the 50-day exponential moving average (EMA). On the one-hour chart, it remains above the 200-day EMA, signaling continued strength across key lower time frames. Ether one-hour chart. Source: Cointelegraph/TradingView A potential inverse head-and-shoulders pattern is forming on the one-hour chart. A confirmed breakout above $3,750, a key resistance and descending trendline, could send the price to $4,000. Crypto analyst Byzantine General also sees potential for ETH to revisit recent highs, stating the asset could be preparing for “another stab at the highs.” However, if ETH loses the $3,500 level, the bullish setup would likely be invalidated. In that case, price could revisit the fair value gap between $3,150 and $3,300 before a recovery. Related: Eric Trump ‘agrees’ Ether should be over $8K as Global M2 money soars Will Ether retest $3,100? Ether (ETH) has exhibited notable strength against broader market weakness, largely due to aggressive whale and institutional accumulation. Since July 9, eight newly created whale wallets have amassed 540,460 ETH, worth nearly $2 billion. Three wallets scooped up another 74,207 ETH ($273 million) on Thursday, signaling strong confidence among large investors. 📊MARKET UPDATE: Fresh #Ethereum wallets are on…
Filed under: News - @ July 26, 2025 1:27 pm