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▲ Ethereum (ETH)/AI Generated Image ©
With institutional fund inflows and aggressive accumulation by whale entities unfolding beneath the surface, Ethereum (ETH) continues a quiet sideways movement, poised for a powerful upward surge.
According to investment media outlet FXStreet on August 7 (local time), Ethereum is trading around $1,901 as of Friday, visualizing the potential for an upward breakout. Data from financial information platform SoSoValue shows that US-listed Ethereum spot ETFs recorded a net inflow of $195.34 million until Thursday, and if the inflow continues on Friday, it will mark a significant record of five consecutive weeks of fund inflows.
On-chain data also shows clear signs of fund outflows from large institutions and retail investors and accumulation. According to a CryptoQuant report, the balance of small and medium-sized wallets holding 1,000 to 10,000 ETH decreased from 15.6 million in January to recently 12.9 million. In contrast, large whale accounts holding 10,000 to 100,000 ETH increased from 14 million in mid-2025 to 19.6 million recently, hitting an all-time high. Super whales holding over 100,000 ETH have also absorbed an additional 1.8 million since mid-2025, indicating that smart money is rapidly acquiring holdings from smaller wallets.
In terms of price indicators, Ethereum is currently trading around $1,900, below its realized price of $2,450, technically entering a significantly undervalued zone. A CryptoQuant analyst explained that Ethereum formed a bottom at a similar price range to the lower end of its realized price in early 2025, followed by a strong rebound.
On the weekly chart, Ethereum shows a bearish trend below the major Simple Moving Averages (SMA), but it broke above the upper boundary of the descending channel that had continued since mid-August 2025 in mid-July, activating upward momentum. The weekly Relative Strength Index (RSI) rose to 42, heading towards the neutral line of 50, and the Moving Average Convergence Divergence (MACD) also recorded a golden cross in early July and has maintained an upward signal.
On a daily basis, it has been exploring direction between the 50-day Exponential Moving Average (EMA) of $1,857 and the 100-day EMA of $1,925 for the past 22 days. If it breaks through the $1,925 resistance, it could extend its gains to $2,000, then to the 200-day EMA of $2,132, and further to $2,484 where the 200-week SMA is located. However, if $1,857 breaks, there is also a risk of falling to $1,511 and $1,385.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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