Whales Buy the Dip, ETH Plays Hard to Get Near $1,800 🐋

A large Ethereum whale increased its accumulation after purchasing 7,000 ETH valued at $11.8 million, lifting the wallet's ten-day total to 17,800 ETH worth approximately $29.76 million. The position was built at an average price of $1,672, close to the asset's current market level, according to on-chain data. The sustained buying came as Ethereum's exchange balances continued to shift, with the latest session recording $95.92 million in inflows against $109.27 million in outflows. The imbalance produced a net outflow of roughly $13.35 million, indicating that more ETH left exchanges than entered them.

Ethereum [ETH] traded near $1,703 at the time of observation, holding above the $1,700 support region after its recovery attempt stalled ahead of the $1,800 resistance level. Technical indicators reflected a market that had rebounded from deeply oversold conditions without fully regaining strength. The Relative Strength Index climbed to 38.02, remaining below the neutral 50 threshold, while the Parabolic SAR flipped beneath price during the recent recovery, signaling improved short-term conditions following June's sharp decline. ETH continued to trade below both a descending trendline and the $1,800 barrier.

Liquidation data pointed to several high-interest zones that may influence Ethereum's near-term trajectory. The Binance Liquidation Heatmap showed a notable concentration of liquidity between $1,720 and $1,730, with additional clusters extending toward $1,750 and above $1,800. Below current prices, another significant liquidity pocket appeared between $1,665 and $1,675, serving as a downside reference if support near $1,700 gave way. As leveraged positions remain concentrated in these areas, price action may continue to be drawn toward them in the sessions ahead.