Ethereum Holds Above $3,300 Support Amid Bullish Signals and $2.4B Whale Accumulation Potential

• Ethereum remains above critical $3,300 support, keeping $4,220 and $5,140 price targets in focus.

• MVRV and MACD indicators signal bullish momentum, with RSI at 77.16 confirming strong buying pressure.

• Whales and institutions have added over $2.4 billion in ETH, reinforcing confidence in the market’s upward trajectory.

Ethereum sustains $3,300 support with bullish signals and $2.4B whale buys, targeting $4,220 and $5,140. Stay informed with COINOTAG’s latest crypto insights.

Ethereum’s Technical Structure Signals Continued Upside Potential

Ethereum currently trades near the +1.0σ band of the MVRV Pricing Bands at approximately $3,793.62, an on-chain metric measuring market valuation extremes. Analysis from Ali Charts indicates that maintaining the $3,300 support could propel Ethereum toward the +2.0σ and +3.0σ bands at $4,220 and $5,140 respectively. This technical setup highlights strong bullish momentum supported by robust on-chain data.

How Do On-Chain Metrics Support Ethereum’s Bullish Outlook?

On-chain indicators such as MVRV and MACD align to confirm Ethereum’s positive trend. The RSI at 77.16 reflects strong buying momentum, while the MACD histogram shows increasing bullish strength. Recent price action saw ETH peak at $3,941 before a minor pullback, maintaining a healthy consolidation phase. Expert analyst Reed Carson commented that the clean MACD flip suggests Ethereum reclaiming $4,000 is imminent, underscoring the strength of the current rally.

Glassnode data also highlights the +1σ Active Realized Price band near $4,500, a historically significant resistance level. Surpassing this threshold could accelerate Ethereum’s upward momentum, though analysts remain vigilant on the $3,300 support as a key pivot point.

What Role Does Institutional Accumulation Play in Ethereum’s Market Strength?

Institutional investors have significantly bolstered Ethereum’s bullish case. Lookonchain data reveals nine new wallets acquiring 640,646 ETH valued at $2.43 billion since early July. Notably, wallet “0x4352” withdrew 20,000 ETH from Binance, while “0x3dF3” received 12,000 ETH from Galaxy Digital’s OTC desk, signaling strong institutional interest.

BlackRock’s Ethereum ETF (ETHA) has increased holdings by 1.25 million ETH since July 1, now totaling over three million ETH worth $11.36 billion. Additionally, SharpLink Gaming expanded its ETH assets to 449,000 ETH, valued at $1.74 billion. These substantial accumulations underscore growing confidence among major market players.

Frequently Asked Questions

What are the key technical indicators supporting Ethereum’s current rally?

Ethereum’s rally is supported by bullish MVRV and MACD indicators, with RSI at 77.16 indicating strong momentum. These metrics suggest sustained buying pressure and potential for further gains.

Why is institutional accumulation important for Ethereum’s market trend?

Institutional accumulation signals confidence from large investors, increasing demand and liquidity. This often leads to stronger price support and can drive Ethereum’s price higher over time.

Key Takeaways

• Ethereum maintains strong support above $3,300: This level is critical for sustaining bullish momentum.
• Technical indicators confirm upward potential: MVRV, MACD, and RSI suggest continued price gains.
• Institutional accumulation boosts market confidence: $2.4 billion in whale buys reinforce Ethereum’s strength.

Conclusion

Ethereum’s ability to hold above the $3,300 support level, combined with bullish technical indicators and significant institutional accumulation, positions it well for further upside toward $4,220 and $5,140. Market participants should watch these key levels closely as momentum builds, signaling a potentially strong continuation of the current rally.