$ETH #Ethereum ’s liquidity heatmap highlights two critical zones: $3,000 and $3,900. These levels mirror current whale behavior from both accumulation and distribution fronts.
Wallet 0x3c9E has deposited 26,182 ETH ($93.66M) to Binance, Bybit, OKX, and Kraken. These structured sell-side transfers align with the $3,900 rejection and suggest this whale is positioning to liquidate longs and trigger stops beneath the range, specifically around the $3,000 zone.
Source: Lookonchain
In contrast, wallet 0xF436 has withdrawn 10,245 $ETH ($36M) from five exchanges in under 8 hours. This rapid inflow to self-custody suggests active spot accumulation, potentially targeting upside liquidity near $3,900 or beyond.
Moreover, fresh wallets tracked since July 9 have acquired over 808,000 $ETH ($2.85B), largely from FalconX, Kraken, and Galaxy Digital OTC. This institutional-scale buildup adds conviction to the long-term bullish thesis but doesn’t invalidate short-term downside setups.
The liquidity map shared by TedPillows shows thin price support between $3,400 and $3,100 — a gap that aligns with the fast move up in mid-July. That area now acts as a vulnerability zone, inviting a possible sweep toward the $3,000 block.
Source: Ted Pillows on X
Therefore, the current structure supports a downward flush first — likely toward $3,000 — where resting liquidity can be cleared. The seller (0x3c9E) appears to be anticipating this drop to exit fully. Meanwhile, the buyer (0xF436) may look to scale further on weakness or ride the reversal bounce once stops are cleared.
Moreover, Ethereum ETFs closed July with $5.43B in net inflows, recording just one day of net outflows across the entire month. This backdrop of sustained institutional appetite mirrors the spot accumulation behavior seen in wallets like 0xF436 and newly created addresses tied to OTC desks.
Ethereum's price is thus more likely headed to $3,000 first before any credible move toward $3,900 resumes.
#ProjectCrypto #TrumpTariffs #MarketPullback #WhiteHouseDigitalAssetReport
