Thomas Daniels

Published On: 09/07/2025
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Ethereum Whale Linked to Nexo Dumps $17M ETH on Binance
By Published On: 09/07/2025

Institutional inflows into Ether exchange traded products (ETPs) continue unabated, with $225 million in fresh capital recorded for the week ended Friday—marking the 11th consecutive week of positive flows. This sustained accumulation signals growing confidence among large-scale investors, potentially setting the stage for a breakout above $2,700.

Recent technicals reveal Ether maintaining a position above its 20-day exponential moving average (EMA) at $2,507, reinforcing short-term bullish momentum. The immediate hurdle lies at $2,635; a decisive daily close beyond this level could trigger a surge toward the next resistance zone of $2,738–$2,879.

On shorter timeframes, ETH/USDT has formed a symmetrical triangle on the 4-hour chart—classic indecision between buyers and sellers. A breakout above the triangle could propel Ether to its pattern target near $2,751, whereas a breakdown risks a drop to approximately $2,364.

Balancing this bullish scenario, broader crypto ETP flows continue robustly. Last week, global crypto funds saw $1.04 billion in inflows, lifting total assets under management across ETPs to a record $188 billion. Notably, Bitcoin ETPs led with $790 million, though Ether’s inflows—averaging 1.6 % of its AUM versus Bitcoin’s 0.8 %—suggest a strategic reallocation toward Ethereum.

Key technical support lies at the 20-day EMA; a breach would undermine bullish momentum, opening a path toward $2,323 and possibly probing lower support between $2,111–$2,323.

In the broader market context, Ethereum’s consolidation between $2,550–$2,630 has been accompanied by strong on-chain activity and rising derivatives interest. A 120 % jump in volume and $35.6 million ETH staked underscore tangible demand backing the price.