Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
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Ethereum (ETH) surged past the $4,000 mark for the first time in eight months, climbing to an intraday high of $4,240 over the weekend. The rally comes on the back of strong corporate demand, large-scale whale accumulation, and favorable regulatory signals, with bulls now eyeing the $4,500 zone as the next key milestone.
Corporate Demand Fuels Breakout Above $4,000
On the fundamental front, Institutional interest has been a primary driver of ETH’s recent surge. Publicly listed companies like BitMine Immersion and SharpLink Gaming have collectively acquired nearly 2 million ETH since June, using proceeds from multi-billion-dollar debt and equity offerings.
Geoffrey Kendrick of Standard Chartered predicts treasury allocations could eventually absorb 10% of ETH’s total supply, potentially outpacing spot ETH ETFs in market impact.
Meanwhile, spot ETH ETFs continue to see strong inflows, with twelve consecutive weeks of gains totaling over $5 billion in July.
Regulatory sentiment has also improved, with the SEC clarifying that liquid staking does not breach securities laws. This could pave the way for staking-inclusive ETH ETFs from prominent asset managers such as BlackRock, Fidelity, and Bitwise.
Ethereum (ETH/USD) Bulls Eye $4,500 After $4,100 Resistance Test
On the technical front, Ethereum price prediction remains bullish as robust technicals have reinforced the pair rally. After finding solid support at $3,470, ETH broke through $4,000 and cleared the $4,193 Fibonacci 1.618 extension, often a signal of accelerated moves.
The price is now testing resistance at $4,300, aligned with a long-term descending trendline from the November 2021 all-time high. A confirmed breakout could open the path toward $4,500 and potentially challenge the $4,868 record.
Whereas, the momentum indicators remain solid. The RSI is staying over 70, and the “three white soldiers” candlestick formation since August 5 points to sustained buyer conviction.
The MACD is deeply positive, confirming bullish momentum.
Key near-term targets:
- Immediate resistance: $4,391 and $4,532
- Extended upside: $4,712 in the short to medium term
- Support to watch: $4,193–$4,150, then $3,470
Whale Accumulation Strengthens Outlook
Whale and institutional activity have intensified during this rally. A notable $40.5 million over-the-counter purchase of 10,400 ETH underscores deep-pocketed confidence, while Fundamental Global Inc has launched a $5 billion shelf offering to buy more ETH. On-chain data also shows whales leveraging DeFi platforms like Aave to accumulate at the $4,000 level.
Analyst Rekt Capital estimates Ethereum is only “50–60% through its macro uptrend,” suggesting room for substantial gains. If bulls maintain control and breakout patterns play out as projected, ETH could not only reach $4,700 in the coming weeks but also set the stage for a push toward $5,000, keeping all-time highs well within reach.
New Presale Bitcoin Hyper ($HYPER) Combines Bitcoin Security With Solana Speed
Bitcoin Hyper ($HYPER) is the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), built to supercharge the Bitcoin ecosystem with fast, low-cost smart contracts, dApps, and meme coin creation.
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The project is audited by Consult and built for scalability, simplicity, and trust.
Investor interest is surging, with the presale already surpassing $7.7 million and only a small allocation remaining.
HYPER tokens are currently available at just $0.012575, but that price is set to rise in the next 3 days.
You can buy HYPER tokens on the official Bitcoin Hyper website using crypto or a bank card.
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