🔹 Market Snapshot & Macro Influence
Ethereum is trading around $3,559, marking a gain of about 3% in the past 24 hours despite broader crypto weakness this week .
This modest rally comes amid lingering macro pressures, including tariff concerns and skepticism around Fed rate cuts .
Investor sentiment is cautiously improving as speculation grows about a potential Fed rate cut in September, boosting risk‑off appetites for crypto assets .
💼 Institutional & Whale Moves
Whales are accumulating ETH: SharpLink reportedly purchased 30,755 ETH (~$108.6M) over two days, bringing its total holdings to $1.65B), signaling strong conviction in Ethereum .
Another large player added 15,846 ETH (~$55M) within 7 hours, further pointing to sustained institutional accumulation on dips .
Additionally, ETF inflows have totaled $5.4B over 20 consecutive days, underpinning price recovery after a dip to ~$3,400 .
📈 Technical Outlook
Ethereum is holding key support near $3,430, with the 26-day EMA acting as a bullish pivot point. RSI readings remain neutral, suggesting room for upside .
A break above the $3,600–3,800 zone could pave the way toward $3,950–4,000, whereas a failure to defend $3,700 may expose downside risk toward $2,700–3,000 .
CoinCodex reports ETH is trading about 8.2% below its five-day target of $3,881, leaving room for acceleration if technical momentum builds .