Ethereum today has walked into the spotlight as price momentum builds amid institutional developments and whale accumulation. Currently changing hands at $3827.77, ETH has seen a 3.61% gain over the past week, pushing it toward critical resistance levels. Market participants are optimistic as the U.S. SEC begins reviewing BlackRock’s request to incorporate staking into its proposed spot ETH ETF. 

Meanwhile, hodlers are concerned about the possibility of $1.4 billion in short positions being wiped out if ETH breaks above $4000. Contrarily, with renewed whale activity and favorable on-chain trends, Ethereum appears to be gearing up for its next big move. Intrigued enough? Read this Ethereum price prediction for potential price targets.

On-Chain Overview:

Glassnode’s Realized Price-to-Liveliness Ratio chart identifies the $4500 level, Ethereum’s +1σ Active Realized Price band, as a major threshold for the current rally. Historically, this zone has marked moments of intense market optimism, acting as a ceiling during the March 2024 surge. Which was also the case during the 2020–21 bull run. 

As of now, ETH is approaching this level once more, bolstered by bullish investor sentiment. Notably, large wallets have accumulated over 220,000 ETH (worth ~$840 million) since the start of the week. 

Ethereum Price Analysis:

Ethereum’s current price action shows signs of strength. Trading at $3827.77, ETH saw a 24-hour low of $3716.88 and high of $3884. The market cap stands at $461.97 billion, with a 24-hour volume of $36.11 billion, showing solid liquidity support for further upside.

The 4-hour chart I’ve shared displays ETH price ranging close to the upper Bollinger Band at $3901.77, with resistance at that level capping recent upside attempts. A breakout could trigger massive short liquidations — unlocking a fast move toward $4096.82, a key resistance zone.

Support holds near $3565, which aligns with the lower Bollinger Band and mid-July consolidation. The RSI at 56.55 reflects balanced momentum, giving bulls the breathing room needed for a breakout push.

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