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Ethereum Holds Support—Is a Major Rebound on the Horizon?

Ethereum Holds Support—Is a Major Rebound on the Horizon?

CryptonewslandCryptonewsland2025/08/05 04:55
By:by Francis E
  • Ethereum faced its largest long liquidation in over 3 years, wiping out leverage and setting the stage for institutional accumulation.
  • Despite a sharp 11% weekly drop, ETH maintains a bullish market structure with higher lows forming since early 2025.
  • SharpLink Gaming bought $108M in ETH over 48 hours, signaling strong institutional belief in Ethereum’s long-term upside potential.


Ethereum is stabilizing above the $3,450 zone after a sharp selloff that triggered mass liquidations. The current level now acts as a battleground between buyers and profit-takers in a choppy market.

Ethereum Finds Its Footing Near a Crucial Demand Zone

Ethereum recently saw its price slip from highs of $3,900 to around $3,450 as observed by Ted on X . While the drop was steep, price action now consolidates at a level previously tagged by buyers. Market structure remains fragile but not broken. Reclaiming $3,530 remains essential to reignite momentum and reestablish a bullish stance.

Ethereum Holds Support—Is a Major Rebound on the Horizon? image 0 Ethereum Holds Support—Is a Major Rebound on the Horizon? image 1 Source: TedPillows

Besides, the structure has shifted to a lower high, weakening the previous trend. Still, the zone near $3,450—identified in recent market activity—remains a key battleground. Support at $3,162 is the next watch level if this zone gives way.

Heavy Liquidations Triggered, But Big Players Accumulate

Ethereum’s recent volatility wasn’t without consequences. As reported by Cas Abbé, the network saw its largest long liquidation in over three years, with over $506 million worth of positions wiped out. This kind of reset often flushes out overleveraged traders and sets the stage for stronger market participants.

$ETH just had its biggest long liquidation in 3+ years.

And this is actually a bullish thing.

First of all, this liquidation cascade has wiped out all the high leverage trades.

Also, panic sellers have capitulated and now strong buyers (likely institutions) will emerge.… pic.twitter.com/6ymRTYQYiJ

— Cas Abbé (@cas_abbe) August 3, 2025

In parallel, SharpLink Gaming reportedly acquired over $160 million in ETH during the same period, suggesting that big money is using the dip to accumulate. This pattern often signals confidence in long-term value rather than panic.

Stablecoin Surge Hints at New Capital Inflows

What makes this even more compelling is the fresh liquidity entering the Ethereum ecosystem. According to on-chain data highlighted by Ted, over $967 million worth of stablecoins have flowed into Ethereum in the last 24 hours. That amount of dry powder could fuel significant upward movement if deployed.

$ETH stablecoin supply + $967,400,000 last 24H.

Ethereum is ready for institutional scale. pic.twitter.com/Sxs0WEtqBj

— Ted (@TedPillows) August 3, 2025

Moreover, Ethereum leads all chains in blockchain value metrics, Its dominance strengthens the case for accumulation over fear-driven selling.Big players are buying the dip.

Ethereum’s correction has drawn attention from retail and institutional circles alike. If $3,450 holds and buyers step in, the next move could be a powerful rebound toward the $3,900 resistance zone.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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