Bitprismia

Ethereum Price Prediction: $419M in Sell Pressure Hits ETH – Is The Bull Market Over?

2025-08-07 14:31:57

Main Idea

Ethereum (ETH) faces significant sell pressure but remains bullish as whales absorb the selling, with potential for a breakout to new highs. Meanwhile, Bitcoin Hyper (HYPER) raises $7.4 million in its presale, aiming to launch a Bitcoin layer-two network.

Key Points

1. Ethereum's price surged to $3,819 in 24 hours, up 49% from a month ago, despite absorbing $418 million in sell pressure.

2. Net taker volume for ETH was -$418 million, the second-largest daily sell-side imbalance ever, yet bullish indicators like RSI and MACD suggest potential for further gains.

3. Bitcoin Hyper (HYPER) raised $7.4 million in its presale, planning to launch a Bitcoin L2 network using zero-knowledge proofs and Solana’s Virtual Machine for improved scalability and DeFi integration.

4. HYPER will have a max supply of 21 billion tokens, enabling BTC holders to deposit funds and receive equivalent HYPER for use within its ecosystem.

5. Despite sell pressure, Ethereum's long-term price prediction remains bullish, with potential to break above $4,000 and target $5,000.

Description

The Ethereum price has surged to $3,819 in the past 24 hours, outpacing Bitcoin with a sharp 5% surge that signals renewed strength in the altcoin market. Despite a minor dip over the past week, ETH is now 49% higher than it was a month ago, as institutional and corporate buyers continue to pile in. Today’s rally has absorbed more than $400 million in sell pressure from the previous day, and ETH is now eyeing a breakout above key resistance. If that level gives way, the stage could be set for ne...

>> go to origin page
Tags:
Industry Talk ETH Ethereum Price Prediction
📱 Full Version
$ETH
$3825.47
+4.10%
$BTC
$116520.2
+1.00%
$SOL
$169.78
+0.83%

cryptonews

cryptonews.com

Latest News

More Reading