Ethereum (ETH) solidifies its position as the leading blockchain, surging by an impressive +10.72% to reach $4,746.71. With a 24-hour trading volume of $2.25 billion USDT surpassing Bitcoin, it reflects significant interest. Recent transfers of 7,000 ETH by Galaxy Digital to whales highlight growing institutional investor appetite.
Ethereum (ETH) explosion to $4,746.71 is explained by massive institutional activity. Galaxy Digital transferred 7,000 ETH to whale addresses just 4 hours ago, triggering a buying wave that propels the price and illustrates growing institutional confidence. Futures Open Interest reaches a record high of $70.1 billion (+13.34%). Meanwhile, funding rates remain neutral, confirming healthy and sustainable momentum.
ETH surpasses Bitcoin in volume with 2.25 billion USDT in 24 hours, attesting to its status as the dominant blockchain for DeFi and decentralized applications. This exceptional liquidity facilitates large volume movements without major price impact, attracting more institutional investors. The #1 position on Bitget reinforces Ethereum’s attractiveness and confirms the current bullish dynamic.
The technical analysis of Ethereum reveals an ideal bullish configuration with all EMAs aligned: EMA5 ($4,747) > EMA10 ($4,742) > EMA20 ($4,674) > EMA120 ($4,386). The price is evolving above all EMAs (+8.2% above EMA120). Balanced RSI values (53.30 / 63.31 / 67.84) confirm healthy momentum, leaving room before any overbought conditions. The positive MACD reinforces this dynamic, indicating a simple technical pause without trend reversal.
The key levels place immediate resistance at $4,872 and Bollinger resistance at $5,073, while major support is found at $4,226, offering solid protection. Analysts target an ambitious objective of $7,300 (+53.8%). This is supported by institutional adoption and historical cycles, with a favorable risk/reward ratio.
The catalysts include the WLFI unlock on September 1st and institutional activity led by Galaxy Digital, combined with record volume surpassing Bitcoin. This convergence between solid fundamentals, major catalysts, and perfect technical configuration positions Ethereum for a potential expansion phase toward new heights.
Ethereum is expected to reach $5,500 before the end of the year, offering gains of nearly 30% from its current price.
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