Ethereum Whale Bets $300 Million on Bottom Rebound as ETH Holds $4200 Support Level, Preparing for New High Push | ETH Price Prediction

Ethereum has successfully held the key support level of $4,200 after experiencing significant fluctuations, with the market showing notable signs of stabilization. On-chain data indicates that a Whale has invested $282 million through the Hyperliquid platform to establish long positions in ETH, with a liquidation price set in the range of $3,699-$3,732, reflecting strong confidence in the future market. Technical analysis shows that the weekly level maintains a bullish pattern, with institutional funds continuing to flow in, and publicly listed companies like Sharplink Gaming incorporating ETH into their strategic reserves. This article analyzes the next phase of Ethereum's trend from three dimensions: on-chain data, technical indicators, and institutional movements.

[Whale Movement: Market Signal of $300 Million Leverage Bet]

Arkham Intelligence has detected an epic operation at the key address 0x2eA:

• Establish long positions through 3 independent accounts on the Hyperliquid platform
• The total value reached $282 million (approximately 70,000 ETH)
• Set aggressive liquidation prices: $3,699/$3,700/$3,732
• The average cost of position building is approximately $4,028.

This high-leverage bet indicates that the Whale believes:

1. The current price is close to the pullback bottom.
2. The downside potential is limited (maximum risk approximately 12%)
3. The potential for an increase is huge (breaking through the previous high of 4,800 could yield 20%+ returns)

Such large-scale operations usually trigger a herd effect, with the open interest in the derivatives market increasing by 18% in 24 hours.

[Technical Analysis: Weekly long positions pattern remains intact]

Key data at the weekly level:

• 50-week moving average: $3,215 (upward sloping)
• 100-week moving average: $2,887 (upward sloping)
• 200-week moving average: $2,443 (long-term support)
• Current price: 4,200-4,300 range

Technical patterns show:

1. Since the breakout in June, it has maintained a +45% increase.
2. $4,200 is a strong support level for breaking through the platform.
3. RSI has fallen from the overbought zone to a healthy level of 58
4. A decrease in trading volume indicates that a trend reversal is imminent.

Analysts believe that holding above $4,200 will form a continuation pattern, with the next target in the range of $4,800-$5,000.

[Institution Adoption: Strategic Allocation of Listed Companies Continues]

Record corporate capital inflow:

• Sharplink Gaming: Allocating 25% of liquidity to ETH
• Bitmine: Launching ETH miners + Dual-track strategy for holding coins
• U.S. family offices: average allocation ratio reaches 3.7%
• European asset management company: Launching ETH staking yield product

This institutional-level demand forms a solid buying foundation. Glassnode data shows that the exchange's ETH supply has decreased to 18.5 million, hitting a new low since 2000.

[On-chain data: Accumulation pattern reappears]

Key on-chain indicators:

1. The number of Whale addresses (greater than 10,000 ETH) has increased by 12.
2. The locked funds in the staking contract have exceeded 40 million ETH.
3. Gas fees have dropped to 15 gwei, indicating a cooling of speculation.
4. The MVRV ratio reverts to a healthy level of 1.5

These signals indicate that the market is shifting from speculation-driven to value investment-driven.

[Derivatives Market: Leverage Risk is Controllable]

Improvement in the health of the futures market:

• Funding Rate: 0.01% (long positions slightly favored)
• Open Interest: $18.5 billion (in neutral range)
• Put/Call Option Ratio: 0.7 (slightly bullish)
• Implied Volatility: 65% (down 12% from the previous day)

The clearance line set by the Whale at $3,700 has a 13% buffer compared to the current price, avoiding the risk of a chain liquidation.

[Macroeconomic Environment: ETH/BTC exchange rate stabilizes]

Cross-Market Analysis:

• The ETH/BTC exchange rate holds the key support level of 0.062
• Small-cap altcoins are regaining strength relative to ETH
• The correlation of the US tech sector with ETH has dropped to 0.3
• The US Dollar Index DXY retreat supports risk assets

This decoupling phenomenon shows that ETH is starting to develop an independent market.

【Risk Warning: Key Support Level Battle】

(Source: TradingView)

Downside risk concentration point:

• If it falls below the psychological level of $4,000, it may test $3,600.
• The earnings season for the US tech sector may bring fluctuations.
• Uncertainty of the September Federal Reserve meeting

Traders should focus on the $4,000 support level, where a large number of stop-loss orders are clustered.

【Conclusion】

Ethereum stabilizing around $4,200 is no coincidence; the $300 million bottom bet by whales, continuous accumulation by institutions, and the bullish technical setup have collectively built a strong support system. For investors, the current price level may be one of the most important strategic entry windows for the second half of the year. It is recommended to adopt a staggered investment strategy, increasing positions by buying every 5% drop within the $4,200-$4,000 range, targeting a breakout above the previous high of $4,800. It is important to be cautious; if it falls below $3,900, the trend needs to be reassessed, but based on the current fundamental data, the probability is less than 35%.