Analysts highlight ETH USD priming to retest $4,700 – and amidst the pressure of upside down, is the dark money spinning into Ethereum?

The wallet, tied to a $300 million Coinbase scam, bought $18.9 million worth of ether as ETH was torn apart from $4,700 yesterday.

According to LookonChain, the crypto address linked to the “Coinbase Hacker” campaign purchased 3,976 ETH on September 13 for $18.9 million.

Hackers who stole over $300 million #coinbase Users purchased an additional 3,976 $ eth($18.9m) 1 hour ago at $4,756 https://t.co/xgglej7nrd pic.twitter.com/wrxobukk7k

– lookonchain (@lookonchain) September 13, 2025

The purchase, made at an average price of $4,756, came as ether was pushed above $4,700.

Analysts tracking the wallet say that before converting to ETH, the funds were attracting attention with DAIs of 189.11 million. Arkham Intelligence data Before swapping, we present the wallet aggregation DAI in amounts ranging from $80,000 to $6 million.

The address has also been active recently, winning 4,863 ETH and 649 ETH in July, and Solana worth around $8 million in August.

Blockchain Investigator Zachxbt Estimated The broader scheme released at least $330 million from the casualties earlier this year.

2/With me @tanuki42_ We checked Coinbase drawers and collected data from DMS for high confidence theft across various chains.

Below is a table showing $65 million stolen from Coinbase users between December 2024 and January 2025.

Our numbers are probably much lower… pic.twitter.com/zceq5aggyu

– Zachxbt (@zachxbt) February 3, 2025

Called a wide range of social engineering campaigns, this operation targets Coinbase users and maintains the wallet under close surveillance from analysts on the chain.

The latest timing of ETH accumulation has strengthened speculation on ethers in the market rotation.

Traders noted that the wallet movement coincided with ETH/USD’s new momentum, adding weight to the narrative of deep pocket actors moving into assets.

Ethereum Price Analysis: How much higher is the ETH if the $4,700 neckline is rested?

Ethereum shows new strength, with technical signals pointing to breakouts that could send prices to $5,500.

Follow Transaction Data ViewETH trades nearly $4,660, holding above the short-term moving average of the four-hour chart.

(Source – ETH USDT, TradingView))

The 50-EMA is $4,462 and the 100-EMA is $4,421, both facing upwards. This setup suggests that buyers will continue to maintain control despite the minor pullback.

More volume has been seen in recent sessions, supporting movements from the $4,300 range of ETH over $4,650 in just a few days.

The wider structure shows a recovery trend after several weeks of lateral action. Short-term candles reveal signs of fresh purchases, stable demand, following short dips.

Momentum may continue if your ETH holds support above 50-EMA. Otherwise, there is a risk that the price will return to the $4,400-$4,300 zone.

Crypto analyst Titan pointed out the double bottom pattern of Adam & Eve on his daily charts.

(Source – x))

The formation combines a sharp “V” shape low with a round base to indicate a potential inversion. The neckline is below $4,700, close to current levels.

A confirmed breakout in which the neckline projects travel targets measured along historic resistance to $5,500. This adds weight to the view that Ethereum can be set up for a more substantial gathering if pressure is kept.

What are Derivatives saying to us about Ethereum’s next move?

If Ethereum breaks above the neckline, traders could be bullish at $5,500 as their next target. But if that fails, the price could be pulled back to test how solid the recent gatherings are.

The activity of the derivatives indicates an increase in positioning. Coinglass data ETH futures puts a favorable interest of nearly $64 billion, but the funding rate for the final session was stable, hovering about 0.01% in the major exchanges, but not overkill.

(Source – Coinglass))

Spot ETF flow has also been improved. On September 12, Farside investors reported net inflows into US ETH funds after a few days of outflowrefers to fresh institutional demand.

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Spot Bitcoin and Ether ETFs are seeing renewed inflows as institutional appetite for crypto exposure continues to build.

On Friday, spot Bitcoin (BTC) ETFs recorded $642.35 million in net inflows, marking the fifth straight day of gains, according to data from SoSoValue. This pushed cumulative net inflows to $56.83 billion, with total net assets now standing at $153.18 billion, roughly 6.62% of Bitcoin’s total market cap.

Fidelity’s FBTC led the day with $315.18 million in fresh capital, while BlackRock’s IBIT followed with $264.71 million. Trading volumes across all spot Bitcoin ETFs topped $3.89 billion, signaling robust activity and growing institutional positioning. Market leaders like IBIT and FBTC posted daily gains of over 2%.

The uptick comes after a quieter start to the month, suggesting a shift in sentiment as macroeconomic conditions stabilize and the crypto market shows signs of strength. In total, Bitcoin spot ETFs saw $2.34 billion in cumulative net inflows over the past five days.

Related: Ether ETF inflows, explained: What they mean for traders

Ether ETFs attract $405 million

Spot Ether (ETH) ETFs mirrored the bullish momentum, pulling in $405.55 million in daily net inflows on the same day, their fourth consecutive day of gains. Total Ether ETF inflows have now reached $13.36 billion, with net assets at $30.35 billion.

On Friday, BlackRock’s ETHA brought in $165.56 million, while Fidelity’s FETH was close behind at $168.23 million. ETHA alone saw $1.86 billion in value traded on the day, reflecting rising activity in Ethereum-based products.

“Bitcoin and Ethereum spot ETFs keep seeing strong inflows, showing rising institutional confidence,” Vincent Liu, chief investment officer of the Taiwan-based company Kronos Research, told Cointelegraph.

“If macro conditions hold, this surge could strengthen liquidity and drive momentum for both assets,” Liu added.

Related: Spot Bitcoin ETFs see strong demand as crypto market tops $4T again

BlackRock eyes ETF tokenization

BlackRock is reportedly exploring the tokenization of ETFs on blockchain networks, following the success of its spot Bitcoin ETFs. The asset management giant is particularly interested in tokenizing funds tied to real-world assets (RWA), though regulatory challenges remain a key hurdle.

Tokenized ETFs could offer new functionality such as 24/7 trading and integration into decentralized finance (DeFi) ecosystems.

Magazine: Can Robinhood or Kraken’s tokenized stocks ever be truly decentralized?

]]> https://earlybirdsinvest.com/spot-btc-etfs-attract-642m-eth-adds-406m-amid-rising-confidence/feed/ 0 58201 https://earlybirdsinvest.com/alt-season-in-full-swing-78-of-top-alts-beating-bitcoin-eth-up-2x/ https://earlybirdsinvest.com/alt-season-in-full-swing-78-of-top-alts-beating-bitcoin-eth-up-2x/#respond Fri, 12 Sep 2025 18:41:07 +0000 https://earlybirdsinvest.com/alt-season-in-full-swing-78-of-top-alts-beating-bitcoin-eth-up-2x/

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Ethereum is facing a pivotal test as the market struggles to hold momentum amid mounting selling pressure. After losing the $4,500 level, ETH has entered a tight consolidation range, with bulls now forced to defend current levels. Analysts warn that failure to reclaim $4,500 soon could open the door to a deeper correction, with downside targets near $3,900. This growing uncertainty weighs on sentiment, but institutions appear unfazed, continuing to accumulate ETH aggressively.

According to data from Lookonchain, whales and institutions purchased an impressive 218,750 ETH—worth approximately $942.8 million—in just the past two days. This surge in accumulation reflects a broader bet on Ethereum’s strength, not only as a leading smart contract platform but also as the centerpiece of an anticipated altcoin rally. With capital rotation away from Bitcoin becoming more evident, institutions appear to be positioning themselves early for Ethereum’s next potential leg higher.

Despite the pressure, Ethereum’s fundamentals remain robust, supported by increasing institutional flows, steady whale activity, and a growing DeFi ecosystem. The battle between bulls defending support and bears pushing for lower levels sets the stage for ETH’s trajectory in the next phase of this cycle.

Institutional Ethereum Accumulation Strengthens Bullish Outlook

Institutional flows into Ethereum remain strong despite the recent pullback. Lookonchain reports that Bitmine, one of the most active institutional players in the space, purchased 69,603 ETH—valued at around $300 million—from BitGo and Galaxy Digital.

Additionally, five newly created wallets collectively purchased 102,455 ETH, valued at approximately $441.6 million, from FalconX. These large-scale acquisitions highlight continued confidence in Ethereum’s long-term potential and reinforce the view that institutions are positioning themselves for future gains.

This wave of accumulation is significant for several reasons. First, it underscores Ethereum’s growing status as the centerpiece of institutional strategies, particularly in the context of capital rotation from Bitcoin into altcoins. Second, it demonstrates that even amid heightened volatility, demand for ETH remains resilient. These purchases, executed in size, suggest that institutional buyers are not only unfazed by short-term corrections but are actively using them as opportunities to scale exposure.

That said, risks remain in the near term. Technically, Ethereum must hold above $4,200 to avoid a sharper decline. Should this level fail, the next meaningful support lies near $3,900, a zone that could invite further selling pressure before buyers return. For now, institutional conviction provides a strong counterbalance to market uncertainty, signaling that Ethereum’s structural demand remains intact and may serve as the backbone of its next bullish phase.

ETH Consolidates Around Key Levels

Ethereum (ETH) is consolidating just below the $4,500 level, currently trading near $4,395 after days of sideways movement. The chart shows ETH maintaining a tight range between $4,250 and $4,500, with repeated tests of both support and resistance levels. This pattern reflects growing market indecision, as buyers attempt to defend structural demand while sellers continue applying pressure.

The 50-day moving average (blue line) is slightly above current price levels, acting as dynamic resistance, while the 100-day moving average (green line) around $4,313 provides nearby support. A sustained close below $4,250 would open the door for a deeper correction toward $3,900, which is the next significant support zone. On the upside, ETH must break and hold above $4,500 to confirm bullish momentum and potentially retest highs near $4,800.

Despite the lack of direction in price action, the broader structure remains constructive, with ETH trading well above the 200-day moving average (red line), which is trending upward near $3,773. This suggests the long-term bullish trend is intact, but the immediate outlook hinges on whether bulls can defend the $4,200–$4,250 area. For now, ETH remains in consolidation, with breakout or breakdown signals yet to materialize.

Featured image from Dall-E, chart from TradingView

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As shown in our previous market review, altcoins are still struggling. The market is moving toward an infliction point as the next move could be fundamental for multiple assets. Solana is showing signs of rally exhaustion, Ethereum is entering a potential stalemate. But despite the negative altcoin scene, Bitcoin might be pushing higher with a new bullish pattern.

Bitcoin’s key pattern

Bitcoin might be forming the cup-and-handle, one of the most well-known bullish patterns in technical analysis. Although not yet confirmed, the pattern appears on the daily chart, indicating that after weeks of volatile price action, digital gold may be getting ready for a brief reversal.

BTC fell, consolidated and then steadily recovered to retest resistance levels close to $114,000 during the cup part of the pattern, which seems to have formed between mid-August and early September. The subsequent brief decline is comparable to the start of the handle, a period of consolidation that frequently comes before a breakout. Key factors right now are:

• Technically speaking, Bitcoin might surpass the $114,000 resistance and aim for the $118,000-$120,000 range if the handle completes and buyers enter with conviction.
• The 50-day EMA, which has been capping rallies in recent weeks, is in that zone.
• Following a correction that pulled Bitcoin from highs above $124,000, a successful breakout would both confirm the cup-and-handle and reestablish bullish momentum. The setup is far from risk-free, though.
• Bitcoin is susceptible to a deeper retracement toward $104,000, the 200-day EMA, and a critical structural level for long-term investors if the pattern fails to hold the $110,000-$108,000 support area.

Short-term traders of Bitcoin should monitor the $114,000 neckline. BTC’s next leg higher could be launched from current consolidation if a breakout above it solidifies the mini cup-and-handle formation.

Ethereum’s pivotal level

The price structure of Ethereum is at a turning point. Ethereum has deviated from its steady wave-like pattern of higher highs and higher lows for the first time since its spectacular rally started earlier this summer. The asset is currently trending sideways rather than upward, which may be an early indicator of an impending reversal.

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Both the 20-day and 50-day EMAs have been supporting Ethereum’s strong upward channel since mid-July. New purchases followed each decline, resulting in a stairway rally that saw ETH reach $4,800. Recent candles, however, show a divergence from that bullish trend. With ETH struggling to regain its momentum, the price action has flattened and is now trapped between $4,200 and $4,500.

What this sideways move suggests is what investors are worried about. Strong upward trends usually indicate waning demand and give way to bearish momentum when they lose their rhythm. The next reasonable support level for ETH, if it drops below $4,200, is the 100-day EMA close to $4,000. Ethereum would be at risk of a more severe retracement toward $3,600 if there was a decline there, confirming that the rally’s structure has been officially broken.

A consistent drop in volume has also supported the notion that market players are retreating. Sideways price action frequently resolves to the downside in the absence of significant inflows. The $4,200 key zone is still important for traders to keep an eye on. The bullish story may be saved if ETH maintains this level and breaks above the $4,500 resistance with strong volume.

Solana rally ends?

A lower high is beginning to form on the chart, which is a clear warning sign that Solana is getting tired. Following months of steady gains and higher highs since July, this development may signal the start of a more significant trend reversal, which could put an end to the asset’s current bullish cycle.

SOL recently reached a peak of about $210, but it was unable to surpass its August high of about $225. As an alternative, price action rolled over, creating a lower high, which is a classic indication of waning bullish momentum. Every high should surpass the one before it in a healthy uptrend, but this pattern break indicates that buying pressure isn’t strong enough to push Solana higher at this point.

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Declining trading volume combined with the daily structure makes it even more worrisome. Enthusiasm has waned, suggesting that market participants are reluctant to keep joining the rally even though the price is still above the psychological $200 threshold. A loss of momentum is reflected in the Relative Strength Index’s (RSI) flattening.

A confirmed trend reversal could occur from the lower high if Solana is unable to recover the $225 level in the near future. If $196, a crucial short-term support, were broken, further declines toward $185 and the 100-day EMA at $176 would be possible. A stronger move might even put the 200-day EMA close to $170 to the test, which would seriously undermine the long-term bullish argument.

The upward trend is currently on life support. A significant push above $210-$215 is necessary for bulls to regain confidence. If not, Solana’s lower high might signal the beginning of a longer-lasting bearish phase that could change market sentiment in the upcoming months.

Across Bitcoin, Ethereum and Solana, price action is tightening around levels that could determine the direction of the market in the next few weeks. A confirmed breakout would restore confidence in the uptrend, while failure to hold support zones risks shifting sentiment decisively bearish.

Crypto Journalist

Amin Ayan

Crypto Journalist

Amin Ayan

About Author

Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has…

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September 4, 2025

Ethereum-focused firm Etherealize has secured $40 million in fresh funding as it ramps up efforts to bring the second-largest cryptocurrency to Wall Street’s doorstep.

The raise, led by Electric Capital and Paradigm, aims to deepen institutional understanding of Ethereum and accelerate its adoption across traditional finance.

The funding round arrives during a pivotal week for Ethereum, with public firms collectively adding over $1.2 billion worth of Ether (ETH) to their treasuries, a surge that underscores growing institutional appetite for the asset.

Etherealize Aims to Bridge Ethereum and Wall Street

Etherealize, launched in January with backing from the Ethereum Foundation and co-founder Vitalik Buterin, is designed to bridge the gap between Ethereum’s complex ecosystem and the financial world’s demand for clarity, tools, and regulation-ready infrastructure.

Co-founder Grant Hummer previously noted that despite Ethereum’s presence in crypto ETFs, many institutions still lack the fundamental knowledge needed to engage meaningfully with ETH.

The $40 million will fund new tools and platforms tailored to institutional workflows. Etherealize plans to build infrastructure for private trading and settlement of tokenized assets, including a settlement platform for tokenized bonds and other fixed income products.

The firm is positioning itself at the intersection of crypto-native innovation and enterprise-level finance, hoping to deliver scalable solutions for firms seeking exposure to Ethereum’s capabilities.

“Over the past decade, Ethereum has gone from an experiment to the world’s most battle-tested, open financial network,” said co-founder Danny Ryan, adding that the new capital will help “upgrade institutional finance to modern, safer, globally accessible rails.”

The raise comes as Ethereum sees renewed momentum among public companies.

The Ether Machine, a crypto treasury firm planning a public listing, led this week’s accumulation with a 150,000 ETH buy, valued at $654 million.

Meanwhile, BitMine Immersion Technologies, Ethereum’s largest corporate holder, added another $65 million in ETH on Wednesday alone, per data from Arkham.

Other firms followed suit. Sharplink Gaming and Yunfeng Financial disclosed ETH purchases worth $176 million and $44 million, respectively.

Joseph Lubin Predicts 100x ETH Surge

Ethereum co-founder Joseph Lubin believes ETH could rally 100x or more over time, calling it Wall Street’s future infrastructure as TradFi shifts toward decentralized finance.

In an X post, Lubin said Ethereum will replace many siloed systems at institutions like JPMorgan and become the backbone for financial services, staking, and smart contract execution.

Backing the bullish stance of Fundstrat’s Tom Lee, Lubin stated he’s “100% aligned” with Lee’s view that Ethereum could flip Bitcoin in network value.

He compared the moment to 1971 when the U.S. dollar left the gold standard, signaling a tectonic shift in financial architecture led by Ethereum.

Likewise, Lee has predicted that Ethereum will rally in the near term to $5,500, with an ambitious year-end target of $12,000.

During his August 26 guest appearance on the Amitis Investing program, Lee disclosed that institutional Wall Street sentiment toward Ethereum has shifted dramatically following the U.S. Senate’s passage of the GENIUS Stablecoin legislation.

Lee emphasized that Ethereum is the foundational blockchain infrastructure for traditional finance (TradFi), currently supporting over $145 billion in stablecoin supply.

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On-chain data shows over half of the Ethereum supply is held by just 10 addresses. Here’s how other ETH-based tokens like Shiba Inu stack up.

Shiba Inu, Uniswap, & Ethereum Are Among The Most Centralized ETH Tokens

In a new post on X, on-chain analytics firm Santiment has talked about how the different assets in the Ethereum ecosystem line up against each other in terms of the amount of supply that’s concentrated on the top 10 wallets.

Below is the chart shared by Santiment that shows the trend in this metric for eight cryptocurrencies over the past few months.

Looks like SHIB is at the top of the list at the moment | Source: Santiment on X

From the graph, it’s visible that 51% of the Ethereum supply is owned by the 10 largest wallets on the network. This is more than most of the other ETH-based tokens on the list.

The two coins that are ahead in this metric are Shiba Inu (SHIB) and Uniswap (UNI). The latter is only marginally ahead of ETH with a value of 52.2%, but the former is significantly ahead at 62.3%.

Generally, a cryptocurrency’s supply being heavily concentrated on just a few hands doesn’t tend to be a constructive signal, as it means only a few players are needed to move the market.

Beyond market dynamics, supply centralization has another drawback: it potentially weakens the network security. Chains like Ethereum’s run on a consensus mechanism called the Proof-of-Stake (PoS). Under this system, validators called stakers have to lock up a stake in order to receive a chance at adding the next block to the chain.

The higher is a validator’s stake, the higher is the chance that they get picked. If a single staker crosses the 51% supply threshold, they can, in theory, gain total control over the blockchain.

This type of attack doesn’t exist on Bitcoin, where the Proof-of-Work (PoW) consensus mechanism is employed instead. In PoW networks, miners compete against each other using computing power. Here, too, however, if a validator gains control over 51% of the network computing resources, they can mold BTC to their will.

Considering that Ethereum has just 10 holders controlling 51% of the supply, an attack on the network is possible if these entities come together. The chances of it happening, though, are quite slim.

Still, the fact the likes of ETH, SHIB, and UNI are notably centralized on just a few holders could be something to watch for. In contrast, some other tokens in the ecosystem like USDC (28.6%), DAI (31%), and Chainlink (31.5%) are in a healthier zone in terms of this metric.

ETH Price

Ethereum has seen a surge of almost 4% over the last 24 hours that has taken its price to the $4,380 mark.

The price of the coin seems to have shot up over the past day | Source: ETHUSDT on TradingView

Featured image from Dall-E, Santiment.net, chart from TradingView.com

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