🎯Market Snapshot & Whale Activity

  • 👉• ETH rebounded from $3,300 low to $3,660, showing resilience amid volatility

  • • Whale addresses (holding 1,000+ ETH) increased by 200+ since July

  • • Major players accumulated $300M worth of ETH during weekend dip

  • • Net inflows of 5,358.50 ETH recorded on August 1 despite market uncertainty

Institutional Confidence Building

  • • Bitmine Immersion executed strategic $300M ETH purchase during correction

  • • ETF inflows surged to record $5.4B over 20 days, outpacing Bitcoin for 6 consecutive days

  • • Supply squeeze intensifying with whales acquiring $2.92B worth of ETH between July-August

  • • Technical indicators show consolidation in $3,500-$3,800 range with RSI suggesting potential volatility

Trading Strategy Considerations

  • • Strong support established at $3,300-$3,400 zone—key level for potential rebounds

  • • Breakout above $4,000 could accelerate momentum toward analysts' bullish targets

  • • Monitor volume spikes near support levels as whale buying typically precedes recoveries

  • • Exercise caution with $40M in outstanding short positions creating potential squeeze scenarios

  • • Community sentiment overwhelmingly bullish at 79.59%, with increasing speculation about $9,000 year-end target.

  • @Binance Square Official $ETH