Ethereum News Today: Ethereum Whale’s $16M Bet Could Trigger $4.3K Magnetic Rebound

Ethereum (ETH) appears to be consolidating above critical technical support levels, with traders and analysts closely monitoring its potential to break higher. Recent price action shows Ethereum holding above the $4,000 mark, with a significant short liquidation cluster forming between $4,300 and $4,360, creating a liquidity magnet for buyers. According to data from Kingfisher, a large pocket of short liquidations exists near $4,336, increasing the likelihood of a pullback toward this level [1]. A move into this range could result in substantial unrealized gains for long positions, particularly a $16.35 million leveraged bet placed by an Ethereum whale. This position, opened at $4,229.83, is already slightly in profit with ETH trading just above $4,240, and a 1% rise in the price of ETH would yield over $163,000 in profit [1].

Technical indicators also support a bullish case for Ethereum. The price is currently above its 20-day exponential moving average (EMA), which has historically acted as a support level during the uptrend since July 2025. On the daily chart, this EMA aligns with the lower boundary of a developing falling wedge pattern, a classic setup for a bullish reversal. If the wedge pattern plays out as expected, Ethereum could target $4,750, a level approximately 13% higher than its current price [1]. On a longer timeframe, Ethereum is also staging a notable weekly retest of its former resistance level near $3,900–$4,000, which has now transformed into support. Analysts at DIY Investing have noted that if this retest holds, Ethereum could aim for an ambitious $8,000 target [1].

Despite this bullish setup, Ethereum faces liquidity risks. A 4.34% drop to around $4,046 would liquidate the whale’s leveraged position [1]. Furthermore, outflows from U.S. Ethereum ETFs reached $197 million on a single day—the second-highest withdrawal in history—raising concerns about near-term sentiment [3]. The outflows were accompanied by a surge in unstaking ETH, with $3.9 billion in withdrawals pending. Analysts have flagged $4,400 as a key support level, below which further downside could be expected [3]. While Ethereum ETFs hold 5.08% of the total ETH supply, this figure is still below the 6.38% of Bitcoin held in ETFs, indicating room for further institutional adoption if inflows continue [3].

On the broader market structure, Ethereum’s momentum has also gained traction in relative strength metrics. The ETH/BTC pair has registered a bullish monthly MACD crossover, a signal often associated with the start of an altseason, where altcoins outperform Bitcoin. This crossover, observed on the ETH/BTC chart, suggests a potential shift in capital from Bitcoin to Ethereum and altcoins [5]. Historical patterns show similar MACD crossovers preceding significant ETH/BTC rallies, with gains exceeding 200% in previous cycles [5]. The current ETH/BTC ratio is approaching key resistance levels, with volume surges reinforcing the validity of the bullish signal [5].

Short-term traders are also taking note of the 4-hour MACD bullish crossover above zero, which has signaled a second pump phase for Ethereum. This technical development, highlighted by on-chain analyst TATrader_Alan, suggests strengthening buyer momentum and could drive ETH toward new resistance levels [4]. With rising on-chain activity, including a 15% weekly increase in daily transactions, Ethereum’s growing adoption provides a structural foundation for further appreciation. However, traders are urged to remain cautious as external macroeconomic factors, such as interest rate decisions and geopolitical tensions, could introduce volatility.

Source:

[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 ETFs Lose $197 Million—Even Worse Than Bitcoin ... (https://finance.yahoo.com/news/ethereum-etfs-lose-197-million-152531921.html)

[4] Ethereum (ETH) 4-hour MACD bullish crossover above zero signals second pump phase for traders (https://blockchain.news/flashnews/ethereum-eth-4-hour-macd-bullish-crossover-above-zero-signals-second-pump-phase-for-traders)

[5] August 2025: $ETH vs $BTC Monthly MACD Bullish Crossover Signals Altseason Rotation, According to @rovercrc (https://blockchain.news/flashnews/august-2025-eth-vs-btc-monthly-macd-bullish-crossover-signals-altseason-rotation-according-to-rovercrc)