Ethereum's currently trading at $3,454, down 1.4% over the last 24 hours. After a strong July, ETH is facing short-term pressure due to increased whale short positions.

Key Stats:

Market Cap: $416B

24h Volume: $28B

7-Day Range: $3,370 – $3,933

1-Month Gain: +35%

1-Year Gain: +15%

Recent Moves:

A whale opened 20K ETH in shorts, triggering a price dip

SharpLink Gaming added 26K ETH, signaling strong institutional interest

Top DeFi wallet reduced ETH holdings by 11%

Outlook:

Analysts see this pullback as temporary, with long-term targets pointing toward $4,900 ATH if bullish momentum returns.

Support: $3,370 Resistance: $3,600+

Sentiment: Still bullish, but near-term volatility expected.

DYOR & stay updated

#Ethereum #ETH