Ethereum briefly fell below $3,840 last week as part of a broad slump across the crypto sector. The asset has since bounced back and is trading near $4,110 after rising by 2.43% over the past day.<\/p>\n
Experts say shorting Ethereum now is reckless.<\/p>\n
In his latest post on X, analyst Mr. Wall Street said<\/a> that Ethereum is currently in an extremely bullish setup, and added that recent bearish noise could, in fact, help in fueling a major rally.<\/p>\n According to his analysis, ETH is set to target $7,000-$8,000 in Q4. He explained that this pullback is the first meaningful correction since the $1,500 lows in April, with a healthy 20% decline serving as a necessary reset before further upside. Mr. Wall Street also pointed out that tens of billions in liquidations occurred above previous bull market all-time highs, and believes that shorting Ethereum in this environment would be a mistake.<\/p>\n Meanwhile, crypto analyst Degen Hardy said<\/a> that bears are on precarious ground if ETH surges to $4,200. According to his analysis, more than $40 billion in liquidations sit just above current levels, which is primed to be triggered in a sharp rally. Hardy highlighted the market\u2019s tension and questioned whether the cryptocurrency will first test lower support levels or surge straight through resistance. The implication is clear: shorts face significant risk, and any decisive upward move could spark cascading liquidations. Such a pattern sets the stage for potentially explosive momentum.<\/p>\n According to Lookonchain data, whale activity in Ethereum remained strong despite recent market volatility. Last week, 16 wallets collectively received 431,018 ETH, which is approximately worth $1.73 billion, from major platforms including Kraken, Galaxy Digital, BitGo, FalconX, and OKX.<\/p>\n More recently, a fresh wallet moved 3,884 ETH, valued at around $15.57 million, from OKX. Another whale wallet, which sold 1,857 ETH ($4.18 million) five months ago at $2,251, repurchased 1,501 ETH ($6.17 million) on Monday at $4,114, which indicated<\/a> a willingness to buy even at higher price levels.<\/p>\n As reported<\/a> by CryptoPotato<\/em> earlier, Ethereum accumulator addresses saw a historic inflow of nearly 400,000 ETH on September 24th, following a record 1.2 million ETH accumulation less than a week earlier, according to CryptoQuant. These no-sell wallets have made multiple purchases without any withdrawals.<\/p>\n Such moves, hence, point to strong long-term holder activity, potentially from institutional players or ETH ETF-linked entities. The inflows occurred amid a steep market sell-off driven by macroeconomic concerns.<\/p>\n The post Ethereum\u2019s Rally to $8,000 Incoming, Analyst Says Bearish Noise Will Only Fuel the Surge<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum briefly fell below $3,840 last week as part of a broad slump across the crypto sector. The asset has since bounced back and is trading near $4,110 after rising by 2.43% over the past day. Experts say shorting Ethereum now is reckless. \u201cOnly Fools Short\u201d ETH In his latest post on X, analyst Mr. […]<\/p>\n","protected":false},"author":0,"featured_media":100645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-100644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/100644"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=100644"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/100644\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/100645"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=100644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=100644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=100644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Ethereum\u2019s No-Sell Wallets Swell<\/h2>\n