Ethereum’s Roller Coaster: Price Gains, Sell Walls, and Institutional Moves
ETH’s Impressive Surge and the $4,000 Barrier
Key Insight: Ethereum (ETH) has seen a remarkable 57% gain over the past month. However, it seems to hit a ceiling across the $4,000 mark. Independent market analyst Adam notes the presence of sell partitions on this region, suggesting that despite ETH’s robust comeback, its upward momentum might stall unless these barriers are either absorbed by buyers or removed by sellers.
Source: Adam / X
The Role of Institutional Investments
Beyond the technical aspects, a significant slice of ETH’s price activity correlates with the launch of several Ether treasuries. Since June, Bitmine Immersion Tech and SharpLink Gaming have collectively acquired over 927,600 ETH. Data from Farside Investors reveals that Ethereum spot ETF inflows have surpassed $1.84 billion in only the past week, with the overall net assets for these ETFs now exceeding $20.6 billion.
Ethereum ETF Weekly Flow
$1,846.5 million Source @FarsideUK
Stock Performance and Market Sentiment
Despite their aggressive acquisition of ETH, SharpLink Gaming’s SBET and Bitmine Immersion Tech’s BMNR stocks have taken successful, dropping 36.4% and 14.52% respectively over the past week. This decline follows a considerable rally, where SBET and BMNR stocks surged by 565% and 381% over the past three months.
Source: TradingView
Technical Analysis and Market Predictions
From a technical perspective, Ethereum’s higher timeframe market structure exhibits a confirmed inverse-head-and-shoulders pattern, targeting a price of $4,300. Despite consistent purchases by institutional investors through ETFs and treasuries, funding rates remain neutral. This indicates that risk-tolerant traders are cautious about increasing their leverage at such a critical resistance level.
Source: TradingView
Some traders, including market analyst Michael Van de Poppe, suggest that there may be “liquidity on the long side ready to be taken,” predicting a possible transient pullback to the $3,500 to $3,300 range before Ethereum can break through the $4,000 resistance.
Source: X / CryptoMichNL
Disclaimer
This article doesn’t provide investment advice or recommendations. Every investment and trading decision carries risk, and readers should conduct their very own research before making any financial decisions.
