📰 BTCUSD Neutral as Ethereum Whales Take Profits After 30% Rally Fueled by Institutional Buying
📅
Jul 22, 2025, 14:51 EDT
| 🔗 Source: CryptoNews
🧠 Summary
Ethereum whales take profits after a 30% rally fueled by institutional buying and spot ETH ETFs. After hitting resistance near $3,860, ETH is in a technical pullback with support around $3,300-$3,500, suggesting consolidation before potential upward momentum toward $4,410.
💡 Why this signal?
- Bitcoin’s hourly price action indicates potential for a bullish breakout testing local resistance, signaling short-term upward momentum.
- However, the daily chart shows a balanced struggle between buyers and sellers, suggesting sideways consolidation is likely in the near term.
- Midterm upward movement depends on closing prices above a critical level, which could trigger renewed growth towards new highs.
📈 BTCUSD Price Trend
⏱️ Impact Timing
as soon as the news is out
👥 Competitor Impact
No competitors impacted.
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