- Ethereum price signals a bullish reversal as a technical strengthen.
- Whale buys $143M ETH, indicating rising institutional investor confidence.
- BlackRock dumps 101K ETH, marking the largest ETF outflow yet.
Ethereum price remains under pressure, hovering near the $3,600 support zone after a period of consolidation. Despite the sluggish movement, the price of ETH is signaling early signs of a bullish reversal. The broader crypto market continues to face headwinds, though some indicators point to a possible shift in sentiment.
Analysts are closely watching whale activity, with recent large inflows suggesting renewed interest. The launch of U.S. spot Ethereum ETFs has also contributed to cautious optimism. After weeks of sideways action, the ETH price appears poised for a breakout, sparking speculation of a potential rally ahead.
BlackRock Dumps 101K Ethereum, ETF Hit
BlackRock has executed its largest Ethereum sell-off since the launch of its ETF, unloading a staggering 101,975 ETH.
The transaction, valued at approximately $375 million, marks a significant shift in activity. This move also halts the firm’s 21-day streak of consistent inflows into its Ethereum exchange-traded fund.
🚨BLACKROCK JUST SOLD 101,975 ETH!
BlackRock’s #Ethereum ETF just saw its LARGEST outflow since launch — 101,975 $ETH worth $375M.📉
This ends its 21-day inflow streak and slashed 3% of its ETH stash.💸 pic.twitter.com/yBZJFMYPtl
— Coin Bureau (@coinbureau) August 5, 2025
According to recent data, the sell-off has reduced BlackRock’s total Ethereum holdings by 3%. The Ethereum ETF had previously maintained steady gains but now faces its biggest outflow since inception.
The sale occurred amid fluctuating market sentiment and growing investor uncertainty, potentially signaling a strategic reallocation of digital assets.
Whale Accumulates $143M in Ethereum Purchase
A newly created Ethereum wallet has purchased 39,294 ETH, equating to a staggering $143.33 million in value. This significant accumulation suggests growing confidence among large investors, often referred to as whales, especially as the Ethereum price trades below key monthly resistance levels.
BREAKING:
FRESH $ETH WALLET BOUGHT A TOTAL OF 39.294K ETH WORTH $143,331,282
WHALES ARE HEAVILY ACCUMULATING BELOW THE MONTHLY KEY RESISTANCE pic.twitter.com/f9dvcDKWAz
— Ash Crypto (@Ashcryptoreal) August 5, 2025
The on-chain data shows that this purchase activity was conducted within a narrow period when the wallet balances saw a dramatic increase. Market observers have gone a notch further to suggest that this rally might be positioning itself strategically before a possible Ethereum price breakout. The tendency strengthens a neater feeling of hoarding among the crypto elite.
An Ethereum wallet that was created on April 27 has received around 39,294 ETH, which comes out to a huge $143.3 million in value. On-chain analytics have shown that this is a large purchase that reveals that there is heightened whale activity around key monthly resistance zones. According to analysts, this build-up trend may signal a bullish sentiment strength by major-scale investors.
Ethereum Price Rebounds Sharply, Eyes Key Resistance Levels
The ETH price today saw a notable rebound as it surged by 1.44% over the last 24-hour trading period. The Ethereum price climbed to $3,665, showing signs of renewed market interest.
The price of Ethereum fluctuated upwards between the high of $3,670 and the low of $3,608, representing a new bullish direction. Following recent weakness, Ethereum is rebounding and is trading above the important psychological resistance level at the $3,600 mark, with a next resistance level at 3,800.
The technical indicators affirm the power of the move. The Relative Strength Index (RSI) was up at 56. This implies a gain in purchasing power and potential buy trend change in continuation earlier of bear pressure.
Additional confirmation is through the MACD indicator. There was a cross of the MACD above the signal and a bullish trend. This bear-to-bull crossover usually shows that the price is to continue moving upwards.
Green bars were also printed by the histogram, meaning that there was a shift in momentum to buyers. This increases momentum to the continuing price recovery and implies bullish dominance, hinting at potential future Ethereum price movement as detailed in recent market predictions.
Nevertheless, the ETH price should overcome the level of $3,800 with force to consider the psychological resistance of $4,000 again. Negatively, the support is at the level of $3,500, and more powerful at the level of $3,200 in case of bearish pressure to emerge.
