Ethereum News Today: Wealthy Investors Stake $16M Bets as Ethereum Eyes Crucial Price Bounce

Ethereum has seen significant movements in recent weeks as large investors and whales continue to stake their positions in the second-largest cryptocurrency. An Ethereum whale recently opened a $16.35 million long position using 25x leverage, betting on a price rebound after a recent dip. The trade was initiated at $4,229.83 per ETH, and even a 1% price increase would yield a profit of over $163,000. The position’s breakeven point aligns with a short liquidation cluster between $4,300 and $4,360, creating a high-probability scenario for a market bounce as market makers target stop-loss orders in this range [1].

Technical indicators further support the bullish case for ETH. The price remains above its 20-day exponential moving average (EMA), a key support level that has held since July, barring a brief breakdown in late July. This support now coincides with the lower boundary of a falling wedge pattern on the daily chart, a classic sign of a potential bullish reversal. If the pattern completes, ETH could target $4,750, a level approximately 13% above current prices. However, a close below $4,140 would invalidate this setup [1].

On a broader scale, Ethereum’s weekly chart suggests a significant retest of key support levels around $3,900–$4,000. According to DIY Investing, this area has transitioned from resistance to support, increasing the likelihood of a continued uptrend. The analysis further suggests that if this retest holds, Ethereum could potentially reach $8,000 in the long term [1]. Meanwhile, Ethereum ETFs have experienced a net outflow of $197 million, the second-highest on record, as investors take profits after a year-long 66% surge [3].

Beyond Ethereum, BlockDAG is generating substantial buzz within the crypto market as a potential disruptor. The project has raised $375.27 million during its presale, and with over 2.5 million users participating in its mobile mining app, X1, it has demonstrated significant community engagement. BlockDAG’s hybrid Directed Acyclic Graph (DAG) and Proof-of-Work (PoW) architecture enables high-speed transactions and scalability, making it an attractive alternative to traditional blockchains. Analysts project that if the project maintains its current momentum and secures listings on major exchanges, it could achieve a post-launch price of $0.05 and potentially climb to $20 by 2027 [4].

BlockDAG’s mining ecosystem is another differentiating factor. Four types of mining options—ranging from a free mobile app to high-end ASIC devices—allow users of all levels to participate in the network. The project has sold over 19,000 ASIC miners, generating $7.8 million in sales. Furthermore, a recent “No Vesting” promotion unlocked 100% of tokens purchased during that period, enhancing the appeal for early investors [4]. With 50% of its total supply allocated to miners and a geometric reduction model in place, BlockDAG’s tokenomics are designed to sustain long-term demand while managing supply distribution [4].

Despite Ethereum’s strong technical and institutional backing, BlockDAG is positioned as a high-growth contender for 2025. The project’s architecture and mining ecosystem, combined with its aggressive presale strategy, have created a compelling narrative for investors seeking exposure to the next generation of blockchain technology. While Ethereum remains a cornerstone of the crypto market, the emergence of projects like BlockDAG highlights the evolving landscape and the increasing diversity of investment opportunities in the digital asset space [4].

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] BlockDAG Price Prediction: Expectations VS Reality (https://www.bitdegree.org/crypto/tutorials/blockdag-price-prediction)