Ethereum

Size

Spot

<p><a href="https://en.coin-turk.com/claves-milestone-innovation-in-the-ethereum-ecosystem-attracts-attention/" rel="noopener noreferrer nofollow">Ethereum</a> faced renewed volatility, dipping 3.6% over the past 24 hours and now trading near $1,823. The cryptocurrency recently spiked towards $1,944 but encountered resistance, dropping back before rebounding to its current level.</p>
<h2 id="large-whale-ramps-up-eth-purchases">Large whale ramps up ETH purchases</h2>
<p>Fresh blockchain data pointed to substantial whale accumulation despite negative short-term price action. Analytics platform Lookonchain reported that two new wallets recently withdrew 20,000 ETH from Coinbase Prime in two large transactions, totaling $37.72 million. These wallets are believed to belong to the same entity, which also acquired 30,000 ETH valued at $57.6 million on July 16. This brought the whale’s total accumulation to 89,396 ETH, now worth roughly $164.88 million over the last three days.</p>
<p>CryptoQuant’s Spot Average Order Size indicator revealed consistent, sizable orders associated with whales for seven consecutive days. This figure reflects both buying and selling, signaling heightened activity without clear directionality.</p>
<p>Analytics firm CoinGlass recorded a second day of negative Ethereum Spot Netflow, with net outflows reaching $23.6 million, though this was a slowdown from the previous day’s $49 million outflow. The shift indicates continued, but easing, investor transfers away from exchanges.</p>
<table>
 <thead>
  <tr>
   <th>Date</th>
   <th>ETH Spot Netflow</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>Previous day</td>
   <td>-$49 million</td>
  </tr>
  <tr>
   <td>Current day</td>
   <td>-$23.6 million</td>
  </tr>
 </tbody>
</table>
<h2 id="etf-inflows-and-network-activity-diverge">ETF inflows and network activity diverge</h2>
<p>US-listed spot Ethereum exchange-traded funds saw $68 million in net inflows from Monday to Thursday. At the same time, exchange reserves dropped by 253,000 ETH since July 5, suggesting that a portion of investors moved assets to self-custody wallets.</p>
<p>Despite these institutional inflows, the Coinbase Premium Index, a gauge of US institutional demand, remained in negative territory. Ethereum active network addresses fell to a 14-day average of 397,000, the lowest since December. In contrast, daily transaction volume reached an all-time high of 2.65 million, highlighting a split between declining user engagement and stronger on-chain utility.</p>
<p>Staked ETH hit 40.93 million, a new record. Approximately 4.9 million ETH of this total was staked since December by BitMine Immersion, a treasury management company active in institutional staking operations.</p>
<p>Mini dictionary: BitMine Immersion, a treasury management firm specializing in large-scale Ethereum staking and digital asset strategies for institutional clients.</p>
<h2 id="technical-levels-and-analyst-outlook">Technical levels and analyst outlook</h2>
<p>Technical signals remained mixed. The Balance of Power indicator sharply fell from 0.93 to -0.61, signaling that sellers have recently seized control of price momentum. However, Ethereum held above both its 20-day and 50-day exponential moving averages, set at $1,791 and $1,812, respectively. Immediate resistance lies at $1,909, then $1,942 and $2,018, while supports rest at $1,806, $1,741, and $1,524.</p>
<p>Prominent crypto trader Michaël van de Poppe stated on X that Ethereum could soon exceed $2,000, pointing out an emerging uptrend and ongoing support near $1,780. He identified price targets in the $2,200–$2,400 range and suggested the market structure remains clear for traders.</p>
<blockquote>
 <p>Ethereum maintains a new upwards trend, flipping previous resistance into support, and a move above $2,000 looks increasingly likely as long as core support levels hold.</p>
</blockquote>
<p>Traders faced $91.4 million in Ethereum liquidations over the last 24 hours, with $61 million of these linked to long positions.</p>
<p>The post <a href="https://en.coin-turk.com/ethereum-falls-3-6yuzde-as-major-whale-accumulates-165-million-in-3-days/" rel="noopener noreferrer nofollow">Ethereum falls 3.6% as major whale accumulates $165 million in 3 days</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Ethereum falls 3.6% as major whale accumulates $165 million in 3 days

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