Ethereum’s ETH $3 804 24h volatility: 0.7
LookOnChain reported that earlier today, a wallet likely associated with Hashkey Capital deposited 12,000 ETH, worth around $47.18 million. Because nothing says “I’m rich” like moving 12,000 ETH to an exchange. 🏦💸
Looks like an institution is selling $ETH!
A wallet possibly linked to HashKey Capital deposited 12,000 $ETH($47.18M) to #OKX 2 hours ago.
— Lookonchain (@lookonchain) July 28, 2025
Large deposits like these to centralized exchanges often trigger sell-offs, sparking worries that ETH could face short-term downward pressure. Because nothing says “market confidence” like a whale dumping 12,000 ETH. 🐟📉
At the time of writing, Ethereum is trading near $3,880, up more than 1.6
Institutional Interest Still on the Rise
Despite Hashkey Capital’s profit-taking move, overall institutional and whale appetite for ETH remains strong. Earlier today, SharpLink Gaming revealed a massive $295 million ETH purchase, adding to the string of large-scale acquisitions by institutions. Because who doesn’t want to own a piece of the future? 🌐
Ethereum led inflows into crypto ETPs last week, pulling in $1.59 billion, its second-largest weekly tally ever. With this, 2025 year-to-date inflows have now exceeded the total inflows recorded in all of 2024. Because 2025 is clearly the year of the crypto investor. 📈
Popular analyst Michaël van de Poppe recently highlighted that Ethereum is currently testing the 0.032 resistance level on the ETH/BTC pair, calling it an “interesting spot.” He observed that while ETH is breaking highs against both USD and BTC, the movement lacks strong conviction. Like a dating profile that says “I’m fun, but I’m not sure.” 😅
This is an interesting spot for $ETH.
On the $USD and $BTC pairs, it’s breaking the highs, but not with conviction.
Again, if there’s a correction, I would be interested to be accumulating some more.
— Michaël van de Poppe (@CryptoMichNL) July 28, 2025
ETH Price Technical Outlook
On the daily ETH chart, the price is hugging the upper band. A pullback toward the mid-band (20-day SMA) around $3,430 could act as near-term support. Because nothing says “safe” like a price that’s literally hugging a band. 🤗
ETH price chart with MACD | Source: Trading View
The RSI is also indicating overbought territory and a potential pullback. In case of steep price drop, the support level near $3,200 could act as strong buying zones. Because nothing says “buy the dip” like a 100
However, if ETH manages to close daily above the $3,940 resistance zone, traders can expect a rally to $4,100. Because why settle for $3,940 when you can aim for $4,100? 🎯
Meanwhile, MACD is still bullish with the MACD line above the signal line and in positive territory. However, histogram has recently started dropping, suggesting slowing momentum. Like a car that’s still moving but clearly running out of gas. 🚗💨
ETH price chart with MACD | Source: Trading View
Read More
- Best Controller Settings for ARC Raiders
- Ashes of Creation Rogue Guide for Beginners
- Meet the cast of Mighty Nein: Every Critical Role character explained
- Bloober Team launches ‘Remosd Neul Serorehso Ovam Ceyerd’ countdown website
- Arc Raiders Guide – All Workbenches And How To Upgrade Them
- Kit Keenan Slams Claim Mom Cynthia Rowley Helped Buy Her NYC Apartment
- Avengers: Doomsday Finally Gives The X-Men What Fox Refused To
- 7 Fantasy Movies That Aged Incredibly Poorly
- 5 Remakes Announced In 2025, Ranked By How Much We Actually Want Them
- You’ll Love All of Chrissy Teigen & John Legend’s Sweet Family Photos
2025-07-28 22:37