Ethereum News Today: Ethereum Whale's $16M Bet Could Spark Price Magnet at $4,300-4,360 Zone

Ethereum remains under pressure as traders and investors closely watch its price action for signs of a rebound. A major Ethereum whale has taken a significant long position, betting on a near-term recovery in the token’s price. The whale opened a $16.35 million long with 25x leverage at $4,229.83 per ETH, a move that could yield substantial profits if the price moves into a key short-liquidation cluster between $4,300 and $4,360. Liquidation heatmaps show dense short-term selling pressure in this range, which could act as a “magnet” for buyers, pulling ETH higher as traders chase stop-loss orders. The position is already slightly profitable with ETH trading just above $4,240. A 1% gain would yield around $163,000 in profit, and a move into the $4,336 zone could generate unrealized gains of nearly $450,000.

Technical indicators suggest Ethereum is holding above its 20-day exponential moving average (EMA), a critical support level that has guided the asset’s uptrend since July. This support coincides with the lower boundary of a developing falling wedge pattern on the daily chart, a bullish technical formation that, if confirmed, could push the price toward $4,750. On a weekly chart, Ethereum is undergoing what analysts describe as a key retest of former resistance levels, which have now become support, potentially unlocking upside targets as high as $8,000, assuming the pattern holds.

Amid this technical optimism, Ethereum’s broader ecosystem is attracting institutional and large-cap capital, as major players position for long-term growth. At the NextFin NYC event, part of the Ethereum NYC 2025 initiative, digital-asset executives made the case for Ethereum as more than just a speculative asset. Instead, they positioned it as the backbone of a new financial system, built on programmable smart contracts. Ethereum’s ability to execute self-executing agreements makes it attractive for a wide range of financial applications, including automated trading, interest-bearing accounts, and loan management systems. Advocates argue that growing treasury holdings in Ethereum could further stabilize demand, mitigating the effects of a dwindling supply of new buyers.

This shift in investor sentiment is also reflected in the growing interest in Ethereum-based projects that offer real-world utility. One such example is Rollblock, an Ethereum-based GambleFi platform that has raised $11.4 million through its presale. The project has attracted attention from whales and retail investors alike, offering high-yield staking opportunities and a deflationary token model. Rollblock’s native token, RBLK, is already being used to facilitate AI-driven gaming experiences and transparent betting systems, all secured by Ethereum’s blockchain. With over $15 million in bets processed before its official launch and weekly buybacks reducing token supply, the platform is gaining traction in the competitive altcoin space.

The broader Ethereum network is also showing signs of increasing activity, with whale deposits and open interest reaching multi-month highs. Futures markets remain bullish, and while Ethereum’s price recently pulled back from a key resistance level at $4,300, it has stabilized above $4,240. Traders are now watching for a decisive break above the $4,520–$4,540 seller concentration zone, which could clear the path to $4,800. Institutional adoption and rising demand for Ethereum-based applications suggest that the asset is entering a new phase of growth, driven by both speculative and utility-based use cases.

[1] Ethereum Whale Opens $16.3M Long as ETH Price Eyes Bounce (https://cointelegraph.com/news/ethereum-whale-opens-16-3m-long-as-eth-price-eyes-bounce)

[2] Ethereum's Big Backers Unleash Billions to Push Into Wall Street (https://finance.yahoo.com/news/ethereum-big-backers-unleash-billions-130704758.html)

[3] Ethereum Whales Show Interest as Rollblock Presale Gains Momentum on ETH Network (https://www.tribuneindia.com/partner-exclusives/ethereum-whales-show-interest-as-rollblock-presale-gains-momentum-on-eth-network/)

[4] Tron Investors Steer Into Rollblock Polls Suggest But What Is the New DeFi Platform? (https://crypto-economy.com/tron-investors-steer-into-rollblock-polls-suggest-but-what-is-the-new-defi-platform/)