Ethereum’s latest retreat, a 13% drop from recent highs, marks its first weekly loss in over a month, breaking a steady uptrend that saw ETH testing multi-week highs. The correction, which briefly dragged prices below $3,400, has sparked debate: Is this a pause before a breakout, or the start of a more profound decline? A fascinating counter-narrative has emerged: a whale bought $300 million of ETH , indicating they believe this dip is temporary. Someone is playing big on $ETH . Instead of bloodbath whale loading their bags with only ETH. In the last 3 days, he purchased $300M ETH from Galaxy Digital OTC. What a confidence, zero hesitation. Now, its current worth $264M is currently down 8.7%. While you are selling,… pic.twitter.com/iHUTRAuNKH — Henry (@LordOfAlts) August 3, 2025 On-chain data from Arkham Intelligence shows the massive purchase happened as prices were dropping – a “buy the dip” strategy from a high-conviction entity. This, as the broader market is reeling from macro pressures: a strong US dollar and weak non-farm payroll data, which triggered risk-off sentiment. ETH price drop : -13% from July highs Whale purchase : $300 million in ETH Market cap : $422B Trading volume : $28.8B (past 24h) This divergence between price action and whale behavior suggests a potential reversal. While many traders are exiting on fear, the aggressive accumulation indicates a medium to long-term recovery outlook. It also comes as Ethereum is an institutional asset tied to upcoming ETFs and on-chain upgrades. Ethereum (ETH) Price Tests Critical Zones Ethereum price prediction is turning bullish as ETH is trying to recover from $3,374 – its lowest since early July. Price is testing the 0.236 Fib at $3,491, a level that was both support and resistance before. A clean break above this could lead to $3,564 (38.2% Fib) and $3,623 (50%), with ultimate recovery at $3,681 (61.8%), which is also the 50-period SMA at $3,711. #Ethereum Price Prediction ETH bounces from $3,374 support but faces major resistance at $3,564 (Fib 38.2%). RSI still weak at 39.5. Watch: Break above $3,681 = bullish continuation Rejection = drop to $3,267 likely Whale bought $300M ETH – confidence or trap? #ETH #Crypto pic.twitter.com/S7h4jBgF32 — Arslan Ali (@forex_arslan) August 3, 2025 Momentum is still weak. The 4-hour RSI is at 39, just below the 50 neutral zone. Without bullish divergence or volume confirmation, the price may stall at resistance. A reversal candle (bullish engulfing) above $3,564 would add to the recovery. But rejection at $3,491 or $3,564 would be bearish and could drag ETH back to $3,374 or even $3,267. Ethereum Trade Outlook: Watch the $3,564 Breakout If ETH breaks above $3,564 with volume and a bullish candlestick, traders can target $3,681 and $3,765. This is Fibonacci and historical resistance, a high probability setup. Ethereum Price Chart – Source: Tradingview Trade Levels: Entry: Above $3,565 Stop-Loss: Below $3,480 Targets: $3,681 / $3,765 Invalidation: $3,491 fails to hold Bitcoin Hyper Presale Over $6.2M as Price Rise Nears Bitcoin Hyper ($HYPER) , the first BTC-native Layer 2 powered by the Solana Virtual Machine (SVM), has raised over $6.2 million in its public presale, with $6,278,761 out of a $21,644,097 target. The token is priced at $0.0115, with the next price tier expected to be announced soon. Designed to merge Bitcoin’s security with Solana’s speed, Bitcoin Hyper enables fast, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project is audited by Consult and engineered for scalability, trust, and simplicity. The golden cross of meme appeal and real utility has made Bitcoin Hyper a Layer 2 contender to watch in 2025. With staking, a streamlined presale, and a full rollout expected by Q1, $HYPER is gaining serious traction. The post Ethereum Price Prediction: Post-Rally 13% Drop – Is ETH Eyeing Deeper Correction or New Highs? appeared first on Cryptonews .
