Ethereum Don Pass $3,700 Because Whale and Institution Dem Dey Buy
Ethereum price shine past $3,700 afta 14 new whale wallets collect $3.16 billion in ETH for two days. Institutional holdings also climb, reserve rise from less than $3 billion for June to $10.8 billion, as funds like SharpLink add big positions. But Ethereum dey face resistance around $3,800 as $129 million ETF outflows happen last week plus bigger macroeconomic wahala. Important support levels dey between $3,620 and $3,660, if e fall below $3,580 liquidation wahala fit happen. Traders suppose watch these levels plus ongoing whale and institutional moves for short-term momentum, while long-term interest still strong because corporate adoption dey grow.
Bullish
Di increase for Ethereum price wey dey come from big whale accumulation plus institutional reserves wey dey grow mean say market dey look bullish. Historically, when whales and company treasuries buy plenty ETH, e dey always enter sustained rally like for 2021 accumulation stage. Even though $129 million ETF outflow and resistance near $3,800 fit cause short-term wahala, strong increase for institutional holdings—from below $3 billion to $10.8 billion—reduce supply and show say confidence dey for long-term. Key support levels at $3,620–$3,660 fit buffer sharp decline, reduce downside risk. For traders, if whales and institutions still dey buy, e mean say momentum go continue to climb once resistance clear. Long term, more corporate adoption and on-chain accumulation go support Ethereum price, confirm bullish trend despite temporary market wahala.