ETH

Ethereum

Ethereum (ETH) Short Whale Abraxas Capital Closes $217M in ETH Shorts, Shrinks Position to $51.57M and Moves Funds to HYPE Spot (~$53.84M)

Ethereum price started a fresh increase above $3,00 0. ETH is now consolidating gains and might aim for more gains above $3,150. Ethereum started a fresh increase above the $3,000 and $3,020 levels. The price is trading above $3,050 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,140 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,150 zone. Ethereum Price Eyes Additional Gains Ethereum price managed to stay above $2,920 and started a fresh increase, like Bitcoin . ETH price gained strength for a move above the $3,000 and $3,020 resistance levels. Recently, the price saw a downside correction from the $3,240 zone. There was a drop below the 50% Fib retracement level of the upward wave from the $2,718 swing low to the $3,240 low. However, the bulls remained active near the $2,920 zone. Ethereum price is now trading above $3,050 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $3,140 level. There is also a key bearish trend line forming with resistance at $3,140 on the hourly chart of ETH/USD. The next key resistance is near the $3,200 level. The first major resistance is near the $3,250 level. A clear move above the $3,250 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term. Another Downside Correction In ETH? If Ethereum fails to clear the $3,140 resistance, it could start a fresh decline. Initial support on the downside is near the $3,050 level. The first major support sits near the $3,000 zone. A clear move below the $3,000 support might push the price toward the $2,950 support. Any more losses might send the price toward the $2,920 region and the 61.8% Fib retracement level of the upward wave from the $2,718 swing low to the $3,240 low. The next key support sits at $2,840 and $2,820. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,050 Major Resistance Level – $3,140

Matter Labs plans to retire ZKsync Lite, an early Ethereum scaling solution, in 2025 to focus on advanced systems like ZKsync Era. This orderly shutdown ensures seamless withdrawals while transitioning users to more robust zero-knowledge rollups, maintaining network security and efficiency. ZKsync Lite, launched in 2020, served as a proof-of-concept for zero-knowledge payments on Ethereum. [...]

ETH Trader Huang Licheng Partially Closes $4.81M ETH Long to Reduce Liquidation Risk Amid 25x Leverage

Ethereum secures $4.7 billion in net ETP inflows, leads crypto assets in July 2025. Read original article on theccpress.com

ZKSync to End Support for ZKSync Lite on Ethereum by 2026, Announces Migration Plan and Timelines

Moore Threads sees a 470% surge at IPO despite past controversies involving co-founder Li Feng. Read original article on coincu.com

Bitcoin’s jump to $91K sparked more than $348 million in liquidations as whale buying pressure flipped the market, wiping out over 122,000 traders.

Ethereum Insider Whale 1011 Nears $100M Position After $10M Margin Top-Up and 11,450 ETH Buy