Ethereum is facing crucial testing as the market struggles to keep momentum amid rising sales pressure. After losing the $4,500 level, ETH has entered a tight integration range, forcing the Bulls to defend their current levels. Analysts warn that the failure to regain $4,500 will soon open the door to a deeper fix, with downside targets coming close to $3,900. This growing uncertainty places emphasis on emotions, but the institutions do not appear to be surprised and continue to actively accumulate ETH.
Whale and the agency have purchased an impressive 218,750 ETH (approximately $942.8 million) over the past two days, according to data from Lookonchain. This surge in accumulation reflects a broader bet on Ethereum’s strength not only as a major smart contract platform, but also as the centre of the expected Altcoin Rally. With capital turnover away from Bitcoin becoming more obvious, the agency appears to be positioning early due to the high potential legs of Ethereum.
Despite the pressure, Ethereum foundations remain robust and supported by an increasing institutional flow, stable whale activity, and a growing defi ecosystem. The Bulls’ fight against the Bears, defending their support and pushing lower levels, sets the stage for ETH’s trajectory in the next phase of this cycle.
The accumulation of institutional Ethereum strengthens bullish outlook
Despite recent pullbacks, facility flow to Ethereum remains strong. Lookonchain reports that Bitmine, one of the most active institution players in the space, has purchased 69,603 ETH from Bitgo and Galaxy Digital for around $300 million.
Additionally, five newly created wallets purchased 102,455 ETH in bulk from Falconx, worth around $441.6 million. These massive acquisitions highlight continued confidence in Ethereum’s long-term potential and reinforce the view that the agency is positioning itself for future benefits.
This wave of accumulation is important for several reasons. First, it highlights the growing status of Ethereum as a central part of institutional strategy, particularly in the context of capital rotation from Bitcoin to altcoin. Second, even amidst rising volatility, it shows that demand for ETH is resilient. These purchases, which have been performed in size, suggest that institutional buyers are not only stunned for short-term revisions, but also actively use them as opportunities to expand exposure.
However, the risk remains in the short term. Technically, Ethereum needs to exceed $4,200 to avoid a sharper decline. If this level fails, the following meaningful support is close to $3,900: This is a zone that could induce further sales pressure before buyers return. For now, the institutional conviction provides a strong offset to market uncertainty, indicating that Ethereum’s structural requirements remain intact and could serve as the backbone of the next bullish phase.
ETH integrates around key levels
Ethereum (ETH) has consolidated below the $4,500 level and is currently trading nearly $4,395 a few days after its sideways. The chart shows ETHs that maintain the range of ETHs between $4,250 and $4,500, repeatedly testing both support and resistance levels. This pattern reflects the indecisiveness of a growing market as buyers try to protect structural demand while sellers try to continue to put pressure on them.
The 50-day moving average (blue line) is slightly above current price levels and serves as a dynamic resistance, while the 100-day moving average (green line) offers support around $4,313. A maintenance below $4,250 opens the door for a deeper fix to its next key support zone: $3,900. The advantage is that ETH must break and hold over $4,500 to see bullish momentum and retest the highs of nearly $4,800.
Despite lack of direction for price action, the wider structure remains constructive, with ETH rising nearly $3,773, well above the 200-day moving average (red line). This suggests that the long-term bullish trend remains intact, but the immediate outlook is about whether the Bulls can defend the $4,200-4,250 area. For now, ETH is integrated and breakout or breakdown signals have not yet been realized.
Dall-E special images, TradingView chart
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