ETH Frenzy: Galaxy Digital Moves $32.6M
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.
ETH: All Stars Aligned
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.
How to Buy Ethereum on Bitget
Ethereum is expected to reach $5,500 before the end of the year, offering gains of nearly 30% from its current price.
- Sign up on Bitget
Visit the official Bitget website or download the mobile app. Create an account with an email address and a secure password. Validate your registration via the link sent by email and complete KYC verification if necessary. - Deposit funds
Log in and access the “Deposit” section. Deposit cryptocurrencies (such as USDT) or fiat currencies via credit card or bank transfer, depending on the options available in your region. - Access the spot market
Go to the “Trading” tab and select the spot market. Search for the ETH/USDT pair or another pair corresponding to your funds. - Place a buy order
Opt for a market order to buy immediately at the current price or a limit order to set a target price. Indicate the quantity of Ethereum to buy and confirm.
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