TL;DR<\/p>\n
ETH forms a bullish engulfing candle near $4,200, signaling renewed demand and trend continuation.<\/span> Ethereum (ETH) has printed a bullish engulfing candle on the daily chart. Analyst Cas Abb\u00e9 noted that the pattern shows buyers are stepping back in. The green candle has fully covered the previous red one, a setup traders often view as a shift in momentum.<\/span><\/p>\n Abb\u00e9 explained that dips are getting bought, institutions are buying, while Bitcoin OGs are selling their BTC to buy ETH. The move appeared near the $4,200 level, which may now provide support. ETH remains in an uptrend that has been in place since May, with the price still following its rising curve.<\/span><\/p>\n $ETH<\/a> has formed a bullish engulfing candle here.<\/p>\n Dips are getting bought, institutions are buying while Bitcoin OGs are selling their BTC to buy ETH.<\/p>\n Now is the worst time to be bearish on ETH. pic.twitter.com\/oZjC2Kzfqc<\/a><\/p>\n \u2014 Cas Abb\u00e9 (@cas_abbe) August 22, 2025<\/a><\/p>\n\n Remarkably, ETH open interest has reached record highs above $28 billion. Analyst Merlijn The Trader <\/span>said<\/span><\/a>,\u00a0<\/span><\/p>\n \u201cHistorically, these setups don\u2019t consolidate. They detonate.\u201d\u00a0<\/span><\/p>\n The data shows leveraged positioning is at its strongest point to date, reflecting aggressive activity across exchanges.<\/span><\/p>\n <\/a>Source: X<\/p>\n With Ethereum trading above $4,000, the rise in open interest suggests that a large move is approaching. Merlijn added that this could be Ethereum\u2019s biggest breakout since 2021, given the amount of exposure now built into the market.<\/span><\/p>\n Merlijn also reported that the U.S. government added $332,460 worth of ETH, bringing its holdings to $254 million. He <\/span>commented<\/span><\/a>,\u00a0<\/span><\/p>\n \u201cGovernments don\u2019t stack Ethereum for fun. They stack it for power.\u201d<\/span><\/p>\n On-chain analyst Ali Martinez <\/span>said<\/span><\/a> wallets holding between 10,000 and 100,000 ETH purchased 400,000 coins during the recent dip. The stash, worth about $1.7 billion, increased their total holdings to almost 30 billion ETH, or 25% of the circulating supply. This accumulation reduces the available supply on exchanges and shows strong participation from large holders.<\/span><\/p>\n Analysts are also watching an inverse head and shoulders structure on the 4-hour chart. Bitcoinsensus <\/span>identified<\/span><\/a> a clear left shoulder, head, and right shoulder with a neckline near $4,300.<\/span><\/p>\n <\/a>Source: X<\/p>\n A <\/span>breakout<\/span><\/a> above that level, if supported by high trading volume, projects a move toward $4,666. Bitcoinsensus said,\u00a0<\/span><\/p>\n \u201cBulls need volume confirmation for breakout to stick.\u201d\u00a0<\/span><\/p>\n Without it, ETH risks rejection at resistance and a return to consolidation.<\/span><\/p>\n The post Ethereum (ETH) Prints Bullish Engulfing as Institutions Load Up<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" TL;DR ETH forms a bullish engulfing candle near $4,200, signaling renewed demand and trend continuation. Open interest hits record $28B, with traders heavily positioned for Ethereum\u2019s next major move. Whales and the U.S. government accumulate ETH during dips, reducing supply and strengthening the market outlook. Bullish Candle Formation Signals Renewed Demand Ethereum (ETH) has printed […]<\/p>\n","protected":false},"author":0,"featured_media":90527,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-90526","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\/90526"}],"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=90526"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90526\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/90527"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nOpen interest hits record $28B, with traders heavily positioned for Ethereum\u2019s next major move.<\/span>
\nWhales and the U.S. government accumulate ETH during dips, reducing supply and strengthening the market outlook.<\/p>\nBullish Candle Formation Signals Renewed Demand<\/h2>\n
Accumulation by Institutions and Government<\/h2>\n
Technical Setup Points Toward $4,666<\/h2>\n
![<\/a>Source: X<\/p>\nWith Ethereum trading above $4,000, the rise in open interest suggests that a large move is approaching. Merlijn added that this could be Ethereum\u2019s biggest breakout since 2021, given the amount of exposure now built into the market.<\/span><\/p>\nAccumulation by Institutions and Government<\/h2>\nMerlijn also reported that the U.S. government added $332,460 worth of ETH, bringing its holdings to $254 million. He <\/span>commented<\/span><\/a>,\u00a0<\/span><\/p>\n\u201cGovernments don\u2019t stack Ethereum for fun. They stack it for power.\u201d<\/span><\/p>\nOn-chain analyst Ali Martinez <\/span>said<\/span><\/a> wallets holding between 10,000 and 100,000 ETH purchased 400,000 coins during the recent dip. The stash, worth about $1.7 billion, increased their total holdings to almost 30 billion ETH, or 25% of the circulating supply. This accumulation reduces the available supply on exchanges and shows strong participation from large holders.<\/span><\/p>\nTechnical Setup Points Toward $4,666<\/h2>\nAnalysts are also watching an inverse head and shoulders structure on the 4-hour chart. Bitcoinsensus <\/span>identified<\/span><\/a> a clear left shoulder, head, and right shoulder with a neckline near $4,300.<\/span><\/p>\n<\/a>Source: X<\/p>\nA <\/span>breakout<\/span><\/a> above that level, if supported by high trading volume, projects a move toward $4,666. Bitcoinsensus said,\u00a0<\/span><\/p>\n\u201cBulls need volume confirmation for breakout to stick.\u201d\u00a0<\/span><\/p>\nWithout it, ETH risks rejection at resistance and a return to consolidation.<\/span><\/p>\nThe post Ethereum (ETH) Prints Bullish Engulfing as Institutions Load Up<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"TL;DR ETH forms a bullish engulfing candle near $4,200, signaling renewed demand and trend continuation. Open interest hits record $28B, with traders heavily positioned for Ethereum\u2019s next major move. Whales and the U.S. government accumulate ETH during dips, reducing supply and strengthening the market outlook. Bullish Candle Formation Signals Renewed Demand Ethereum (ETH) has printed […]<\/p>\n","protected":false},"author":0,"featured_media":90527,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-90526","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\/90526"}],"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=90526"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90526\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/90527"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gy55watXIAAVqIn.jpeg\"){kind=link}
![<\/a>Source: X<\/p>\nA <\/span>breakout<\/span><\/a> above that level, if supported by high trading volume, projects a move toward $4,666. Bitcoinsensus said,\u00a0<\/span><\/p>\n\u201cBulls need volume confirmation for breakout to stick.\u201d\u00a0<\/span><\/p>\nWithout it, ETH risks rejection at resistance and a return to consolidation.<\/span><\/p>\nThe post Ethereum (ETH) Prints Bullish Engulfing as Institutions Load Up<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"TL;DR ETH forms a bullish engulfing candle near $4,200, signaling renewed demand and trend continuation. Open interest hits record $28B, with traders heavily positioned for Ethereum\u2019s next major move. Whales and the U.S. government accumulate ETH during dips, reducing supply and strengthening the market outlook. Bullish Candle Formation Signals Renewed Demand Ethereum (ETH) has printed […]<\/p>\n","protected":false},"author":0,"featured_media":90527,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-90526","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\/90526"}],"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=90526"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90526\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/90527"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gy8ZxMhWcAAdVjQ.jpeg\"){kind=link}