Key point:
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The wise traders, with the somber air of those who’ve weathered many a storm, foresee that ETH shall descend once more to the $3,500 to $3,300 realm before it makes a glorious ascent to touch the shimmering heights of $4,000.
In a dance that speaks of fortunes both made and squandered, Ether (ETH) has risen a staggering 57% in the past moon cycle. Yet, amid this wild celebration, the specter of selling looms at the $4,000 threshold, capping off this jubilation like a party crasher bearing a gloomy disposition. As the esteemed market analyst Adam notes, though “ETH is so back,” it seems the currents of trade might just stall until those pesky sell walls retreat or topple over like misplaced dominoes. 🎉😅
But hold your horses! The surge of ETH’s price has aligned as if by the hand of fate with the birth of formidable Ether treasuries. Since the sun shone upon June, Bitmine Immersion Tech and SharpLink Gaming have hoarded a ludicrous 566,800 and 360,800 ETH, respectively. Meanwhile, data from the ever-watchful Farside Investors reveals that Ethereum spot ETF inflows have swelled to an eye-popping $1.84 billion over just the last week, bringing the grand total of spot ETH ETFs to over $20.6 billion, a sight that would make Midas himself weep with envy!
Ethereum ETF Weekly Flow
$1,846.5 million
— Farside Investors (@FarsideUK) July 26, 2025
Despite this energetic hunt for ETH, the characters at SharpLink Gaming (SBET) and Bitmine Immersion Tech (BMNR) find their stocks withering under the weight of an unexpected 36.4% and 14.52% decline over the past week. However, let’s not shed too many tears; these stocks had soared a jaw-dropping 565% and 381% over the prior three moons. It’s the rollercoaster of markets, after all. 🎢
From a technical lens, ETH’s chart presents a narrative of inverse-head-and-shoulders. It seems the wise owls believe the price might inch toward $4,300, yet amidst the steadfast accumulation by institutional investors, the timid traders hold their cards close, uncertain whether to take the plunge into margins at such formidable resistance.
Ah, but a glimmer of optimism remains! Some savvy traders, including the astute Michael Van de Poppe, postulate that “liquidity on the longside [is] ready to be taken,” suggesting a fleeting retreat to the hallowed ground of $3,500 to $3,300 will precede a vigorous charge through the formidable gates of the $4,000 resistance!
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2025-07-29 01:04