Ethereum Dey Rally Pass $3,700 Because of Whale Buying, Eye $3,800
Ethereum don rally pass $3,700 for August 5 as 14 new whale wallets and big investors buy more than 856,000 ETH ($3.16 billion), while Strategic Ethereum Reserve’s AUM jump to $10.8 billion (2.45% of supply) in six weeks, SharpLink add 18,680 ETH. Despite this strong inflow, Ethereum dey face resistance around $3,800–$3,900 because of $129 million ETF outflows and wahala for macroeconomics. Key support dey for $3,650 (floor $3,620–$3,660), if e fall below, e fit cause short liquidations and drop go $3,580–$3,540. If e hold above, e fit trigger rebound go $3,730–$3,780; clear break pass $3,800 fit open road go $4,000. Traders still dey careful, but whale and big investors accumulation show say bullish momentum dey grow.
Bullish
Di big increase for whale plus institutional buying of over 856,000 ETH plus jump for Strategic Ethereum Reserve’s AUM reach $10.8 bn dey show say big holders get strong belief, e dey create price pressure to go up. Even though $129 m outflow from ETF and macro uncertainty dey pose short-term wahala, critical support at $3,650 stand gidigba, e reduce downside risk. Clear break pass $3,800–$3,900 resistance fit trigger more gains go $4,000. Overall, these inflows plus technical dynamics mean say Ethereum get bullish outlook for short plus medium term.