Key Insights:
- Ethereum price dips 5%, but accumulation activity remains strong.
- Whales and institutions are steadily buying billions in fresh ETH wallets.
- Ethereum ETFs mark 20-day inflow streak, boosting investor confidence.
Ethereum price has dipped 5% in the past 24 hours, cooling off after weeks of bullish momentum. ETH traded just below the $3,800 mark, facing resistance near the $4,000 level.
Despite this short-term drop, the ETH price saw an impressive 50% gain in July. This is its sharpest monthly rally in three years. Analysts attribute the rise to new listings in the U.S. spot ETFs and significant institutional demand.
In the meantime, whale storage is still ongoing with the market cooling. The broader cryptocurrency market is weak. These declines in Ethereum values follow a pullback in Bitcoin (BTC), Solana (SOL), and Ripple (XRP).
ETH Whale Accumulation Signals Bullish Sentiment Despite Ethereum Price Trends
Ethereum whales have resumed heavy accumulation activity. Two newly created wallets acquired 68,297 ETH, valued at approximately $252 Million, just eight hours ago.
These fresh wallets are part of a growing trend of strategic accumulation by large holders. It is often viewed as a strong bullish indicator for the asset.
12 more new wallets have been observed purchasing ETH since July 9. The two have raised 790,449 ETH valued at approximately $2.92 Billion.
On-chain statistics indicate large-value transfers into these wallets regularly. This showed that they could belong to institutions or groups of high-net-worth investors positioning on future price actions.
The Ethereum community is currently speculating on the motives behind the strong buy. This consistent whale accumulation is typical in the lead-up to bullish price action. However, the Ethereum price is currently not trending in that direction.
According to a report, BlackRock purchased 4,778.57 Ethereum, equivalent to about $18.2 Million. The deal indicates that an increasing number of institutions are interested in Ethereum as crypto peaks with optimism.
Ethereum ETFs Record 20-Day Inflow Streak
On the 31st of July, 2025, Ethereum spot exchange-traded funds (ETFs) had a significant net inflow of 17 million dollars. It is the 20th day in a row of positive inflows. This confirms the institutional interest and investor faith in the long-term potential of the ETH price.
The charts, provided by SoSoValue, highlight the mounting demand for ETH-based investment funds. Market analysts suggest the current streak could signal renewed sentiment surrounding Ethereum. This occurred as the regulatory clarity and adoption grow across the digital asset space.
What’s Next For Ethereum Price?
ETH price traded at $3,618 after a market-wide decrease pulled the token below the $3,650 resistance level. Ethereum price was consolidating lower as it stretched its descent into early August.
The asset lost almost 5 percent in the previous session, trading around $3,618 at the 4-hour level. ETH price failed to overcome the $3,800 zone as sellers continued to control.
The chart showed a downward channel taking shape. It has pointed toward the possibility of a bearish continuation.
Momentum indicators pointed to the bear pressure. The MACD displayed increasing bearish divergence where the gap between the signal and the MACD lines was outstretched. The histogram turned into negative readings as more sell action was noticed.
The Relative Strength Index (RSI) was 33.71, nearly oversold.. This implied that there was the probability of a short-term bounce, but it also indicated the sheer reason of bearish momentum.
If the Ethereum price fails to retain the $3,650 level, the altcoin may test the $3,000 support. A drop below $3,500 could reach $3,350 in the next few days. On the positive side, a bullish reversal would be first exhibited by the recapture of $3,800.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
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