Ethereum’s Wild Ride: Whales Feast While Retailers Panic! 🐋💸

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In Brief

  • Ah, the whales! They are voraciously gobbling up Ethereum, while the retail folk, bless their hearts, are hastily offloading their precious tokens during this delightful dip.
  • Ethereum’s exchange reserves have plummeted to a three-year nadir, a sign that the sell pressure is easing, and long-term confidence is, dare I say, blossoming.
  • The price flirts with the $4,070 CME gap, a tantalizing zone that traders are eyeing for either a breakout or a dramatic reversal-like a soap opera, but with more numbers.

Price Dips Near the Technical Abyss

Ethereum (ETH) now finds itself languishing around $4,350, having gracefully descended from its recent heights of $4,800. The spotlight is on a CME futures gap nestled between $4,050 and $4,100. Such gaps, dear reader, are like magnets for prices, especially after the weekend revelries of the futures market.

Interestingly, the last time Ethereum filled a gap of this magnitude, it galloped forth with a 40% gain in mere weeks. Traders are now perched on the edge of their seats, wondering if history will repeat itself-like a well-worn novel.

#Ethereum Dashing to Close the CME Gap at $4,070.

Last time we closed a large gap, we witnessed a +40% surge in just weeks.

– Bitcoinsensus (@Bitcoinsensus) August 18, 2025

Analyst Michaël van de Poppe, with the wisdom of a sage, remarked that Ethereum has entered the first support zone and may very well bounce here. “I think we’ll bounce from here, not the bottom,” he mused, gesturing towards the realm between $4,100 and $4,250. He has deemed the sub-$4,000 territory a veritable treasure trove for the astute investor.

A second level, hovering near $3,941, is marked on his chart, though it may remain untouched unless global tensions escalate-because who doesn’t love a little drama? Volume is rising amidst this correction, hinting that buyers may soon emerge from the shadows. The RSI, while descending, has yet to reach the oversold territory, leaving ample room for further escapades.

Retail Sells While the Big Fish Accumulate

Data from CryptoQuant reveals that retail wallets have been shedding their ETH since March, with holdings dwindling from 10.5 million ETH to a mere 8.7 million. Meanwhile, the larger investors are busy increasing their positions, as if preparing for a grand feast.

“Retail is selling $ETH. Whales are stacking,” tweeted CryptoJack, suggesting that the big players are seizing the opportunity to buy low. This shift may indicate a burgeoning confidence among institutions and seasoned traders-who, let’s face it, probably have better snacks at their trading desks.

Retail is selling $ETH.

Whales are stacking $ETH.

FOLLOW THE SMART MONEY!

– CryptoJack (@cryptojack) August 18, 2025

Exchange Supply Plummets to a Three-Year Low

ETH on exchanges has nosedived to 18.5 million-its lowest level in over three years. Mister Crypto has pointed out this trend, declaring,

“$ETH is being taken off exchanges at record pace. SUPPLY CRUNCH INCOMING!”

A dwindling exchange balance often signals a reduction in selling pressure. The recent drop is as sharp as a well-honed blade, evident in the chart’s final section, where supply plummets dramatically in just a few days.

Market Events to Keep an Eye On This Week

Key macro events may sway short-term price movements, including:

  • Monday: Trump-Zelensky meeting in Washington-because who doesn’t love a good political drama?
  • Wednesday: July FOMC minutes-grab your popcorn!
  • Thursday: U.S. jobless claims-let’s see how that plays out.
  • Friday: Powell’s Jackson Hole speech-will it be a snooze fest or a blockbuster?

Recent inflation data (PPI) has put a pause on Ethereum’s quest for an all-time high. Traders are now on high alert for potential volatility surrounding these upcoming developments-like waiting for the next season of your favorite series.

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2025-08-18 20:44