Ethereum just pulled off one of its biggest weekly surges in years after that impressive 30% rally. 🌙 The altcoin crossed 2500 briefly before slipping back slightly below.
Whale Activity Signals Stronger Hands Ahead 🐋
New data shared by crypto analyst Ali Martinez suggests that ETH could be on a path toward 5000 if it clears a major resistance zone. 🔮 On August 19 Ethereum’s MVRV Ratio formed a golden cross above its 160-day moving average. Martinez also pointed to stronger whale accumulation. The number of addresses holding more than 10000 ETH has increased by 1.74%. In fact 17 new whale addresses joined the network over the past week. At the same time the token supply is moving off exchanges. More than 180764 ETH which is worth about 440 million has been withdrawn over the past week. Martinez said the trend supports the case for increasing buying pressure. However it still faces a major resistance zone between 2722 and 2970. URPD data shows that 16.70 million were previously acquired within this range which makes it a major supply wall. If Ethereum breaks through the zone the next major MVRV Pricing Band is near 5363 at the 2.4 level. The analysts also noted that a rejection could first send the altcoin back toward the Realized Price near 2235 before a potential move toward the 2.4 MVRV band. Besides Ethereum has once again reached its 200-week moving average which happens to be the 11th such instance over the past five years. ‘The Long Investor’ found a repeated pattern in the crypto asset’s price history. Each time it has moved below the 200 WMA it has later returned to the moving average. The analyst therefore called any percentage below the level “free money” and said investors cannot lose. Additionally ETH’s 50-week and 200-week moving averages are now at the same level. This creates a confluence zone. If the asset turns that level into support the analyst expects bulls to take it back to its all-time highs. ETH remains a buy.
ETFs Pull In Record Fresh Capital This Week 💎
US spot Ethereum ETFs have attracted their biggest inflows since October 2025 as demand picked up sharply during the mid-week. Net inflows stood at 30.85 million on Monday and 71.47 million on Tuesday. The pace increased after Wednesday’s announcement from the US Treasury Department. The department said it would double the maximum size of liquidity-support buybacks for longer-dated government debt lifting them from 2 billion to at least 4 billion per operation. Wednesday recorded a capital influx of 189.15 million. The figure rose again to 220.77 million on Thursday while Friday recorded another strong 185 million in net inflows. 🖤🕸️🦇
Just another echo from the void by iconofsin.eth 💖
