Ethereum News Today: Ethereum Retests Key Support as Whale Accumulation and Technical Indicators Signal Bullish Outlook for $4,000

Ethereum (ETH) is currently retesting critical technical levels, including the Tenkan line from the Ichimoku Cloud and the Fair Value Gap (FVG), with price action remaining stable above key support zones. This behavior, common during upward market trends, suggests a healthy correction within a broader bullish structure. Traders and analysts are closely monitoring whether ETH can sustain its position above these thresholds, as a breakout could signal continued momentum toward higher targets, while a breakdown might trigger deeper consolidation. The Tenkan line acts as a dynamic support/resistance indicator, and Ethereum’s ability to hold above it reinforces the view that buyers remain in control. Concurrently, Ethereum’s position within the FVG zone—where buy and sell orders are balancing—indicates market equilibrium, with no immediate signs of a shift in investor sentiment. A sustained drop below these levels could signal a bearish reversal, but for now, the asset’s resilience supports a cautious optimistic outlook [1].

Institutional and whale activity further underpins Ethereum’s technical strength. Over 540,460 ETH—worth nearly $2 billion—has been added to new whale wallets since July 9, with aggressive accumulation concentrated among large players like Bit Mine, which now holds 566,776 ETH ($2.06 billion). This surge reflects growing confidence in Ethereum’s long-term fundamentals, particularly as corporate treasury holdings have nearly doubled to 2.3 million ETH in four weeks. Technical indicators also highlight Ethereum’s robustness: it remains above the 50-day exponential moving average (EMA) on the four-hour chart and the 200-day EMA on the one-hour chart. A potential inverse head-and-shoulders pattern on the one-hour chart suggests a breakout above $3,750—a key resistance and descending trendline—could propel prices toward $4,000. However, a confirmed move above this level is required to validate the bullish case, while a loss of $3,500 would invalidate the setup, potentially sending ETH toward a fair value gap between $3,150 and $3,300 [1].

Perpetual futures data underscores both opportunity and risk. Over 245,000 ETH in buy orders are concentrated between $3,000 and $3,400, indicating strong short-term demand but also creating a liquidity gap below current levels. This could allow ETH to sweep through the buy zone before resuming an uptrend, though a temporary drop toward $3,400 or $3,100 remains possible. Meanwhile, strategic accumulation by institutional players highlights Ethereum’s appeal as a store of value, with market observers noting that large investors are positioning for a potential rally to $4,000 or beyond, provided immediate resistance levels hold [1].

The broader market context adds nuance to Ethereum’s outlook. While Bitcoin’s weakness has created a divergence, Ethereum’s ability to hold above key intraday supports like $3,600 and $3,550 suggests its fundamentals remain robust. A concentration of buy orders and whale activity signals that large players are prepared for a potential rally, but analysts caution that a retest of lower levels—even if successful—could delay the $4,000 target until the $3,500 threshold is firmly established. Crypto analyst Byzantine General has highlighted Ethereum’s potential to “revisit recent highs,” suggesting the asset may soon challenge its yearly peak of $3,850. Market watchers are also monitoring the $3,750 resistance, which aligns with both a key trendline and a psychological barrier. A clean break above this level could trigger a wave of buying pressure, accelerating the move toward $4,000 [1][3].

Ethereum’s recent consolidation around $3,725 has drawn attention from market observers, with the $3,700 level deemed pivotal. A sustained breakout above $3,740–$3,800 could open the path to $3,850 or higher, while maintaining control above $3,700 keeps the bullish structure intact. Some analysts predict a retest of $3,100 if current levels falter, though others argue the $3,500 barrier remains the critical line in the sand. The interplay of institutional accumulation, technical resilience, and short-term liquidity dynamics paints a complex but optimistic picture for Ethereum. While risks persist—particularly around the $3,500 support—the current structure favors a continuation of the uptrend, provided whales and large investors maintain their aggressive buying pace [1][2].

Sources:

[1] [ETH Price Still on Track for $4K Even as Bitcoin, Altcoins Sell Off](https://cointelegraph.com/news/eth-price-still-on-track-for-dollar4k-even-as-bitcoin-altcoins-sell-off)

[2] [$ETH – Strong Rebound with Bullish Continuation in Sight](https://www.binance.com/en/square/post/27442439142113)

[3] [Ethereum Breakout Gains Strength as Bears Misread Minor](https://www.ainvest.com/news/ethereum-news-today-ethereum-breakout-gains-strength-bears-misread-minor-15-pullback-2507/)

[4] [Ethereum Price Forecast: BitMine Holdings Cross 560K](https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-forecast-bitmine-holdings-cross-560k-eth-as-etha-hit-10-billion-inflows-on-1st-anniversary-202507250220)