Ethereum News Today: Ethereum Drops 2% to $3,650 After Reaching $3,850 Peak

Generated by AI AgentCoin World
Tuesday, Jul 22, 2025 6:29 am ET1min read
ETH
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Aime RobotAime Summary

- Ethereum (ETH) fell below $3,700 after hitting $3,850, trading at $3,650 with a 2% daily drop despite 24% weekly gains.

- Leverage risks rise near $3,600-3,700 range as whale activity targets overleveraged retail longs, with AguilaTrades facing $3M losses at $3,654.77 liquidation level.

- BlackRock’s ETF added 27,000 ETH ($100M) while Ethereum led $2.12B in digital asset inflows, ahead of the November Fusaka upgrade to boost network efficiency.

- Analysts highlight $4,000 as a key resistance level, projecting potential $13,000-$17,000 targets if historical breakout patterns repeat post-2021 cycle.

Ethereum (ETH) experienced a notable decline, slipping below the $3,700 mark after reaching a recent peak of $3,850. At the time of reporting, the price was trading around $3,650, marking a daily drop of approximately 2%. Despite this pullback, ETH has shown significant strength over the past week, with gains nearing 24%.

The recent price movement has drawn attention to leveraged positions, particularly in the $3,600 to $3,700 range. Analyst CW highlighted that ETH is currently in an area with a high concentration of long positions. To trigger liquidations, the price would need to fall closer to $3,600. This scenario is of particular interest to whales, who are known to target overleveraged long positions held by retail investors. Lookonchain reported that trader AguilaTrades, who recently switched from short to long, is down nearly $3 million. The liquidation level on this position is $3,654.77, and with the price hovering just above that, further losses could push it into liquidation, adding to the selling pressure.

Large buyers continue to show interest in ETH. BlackRock’s ETF recently added more than 27,000 ETH, valued at approximately $100 million.

Ethereum
also led digital asset inflows last week with $2.12 billion, setting a new record. The Ethereum team is preparing for the Fusaka upgrade, expected to go live in early November. This upgrade aims to enhance the network’s speed and efficiency. Additionally, two days after Fusaka’s mainnet launch, a new testnet called Devnet-3 is scheduled to go live. Developers are already working on the next upgrade phase, known as Glamsterdam.

Ethereum is once again nearing the $4,000 level, a price that was the peak during the 2021 cycle. According to analyst BitBull, this zone is likely to act as the final barrier before a breakout. Past cycles indicate that Ethereum tends to move rapidly after clearing major resistance. Projections suggest a possible target range between $13,000 and $17,000 if the pattern repeats.