Ethereum has surged past $4,000, backed by strong spot demand, a sharp drop in exchange reserves, and rising Open Interest. Major players are aggressively accumulating ETH, while retail sentiment lags behind.
Ethereum [ETH] has just flashed three strong bullish signals, driving its price above the $4,000 mark.
Adding fuel to the rally, major players, including U.S. President Donald Trump and mining giant Bitmine, are reportedly investing millions in ETH.
Meanwhile, retail investors are heading for the exits, potentially overlooking what institutions view as a long-term buying opportunity.
Ethereum: The triple threat!
Ethereum’s climb past $4,000 is backed by big data.
The Spot Taker CVD showed consistent taker buy dominance through June to August, driving a $2K-to-$4K surge and showing strong spot accumulation rather than short-term chasing.
Source: CryptoQuant
Open Interest has risen in tandem with price, hitting $29B – near historical highs. Fresh capital is entering, with institutions driving momentum.
Source: CryptoQuant
Meanwhile, ETH Exchange Reserves have plunged to 18.38 million, a 12-month low, at press time. The supply crunch, paired with demand spikes, has set up a classic squeeze scenario.
Source: CryptoQuant
This strengthens the case for continued upside.
Big buyers back the ETH rally
Adding to Ethereum’s bullish setup, large-scale buyers are stepping in aggressively.
Just as spot demand and supply squeeze align, President Trump has purchased 1,911 ETH worth $8.6 million!
Source: X
At the time of writing, mining firm Bitmine Immersion Technologies [BNMR] also ramped up its holdings, buying 106,485 ETH (over $470 million) in the last 10 hours alone.
Source: X
Its total stash now stands at 1.29 million ETH, valued at $5.75 billion.
Meanwhile, an unknown institution quietly withdrew 92,899 ETH ($412 million) from Kraken over the past four days via three fresh wallets!
Momentum cools, but structure remains intact
At press time, Ethereum was trading at $4,428 after a brief pullback from its recent highs. The RSI hovered around 67, just below overbought territory, indicating cooling momentum but no reversal.
Source: TradingView
Meanwhile, the MACD remained in bullish alignment, with both the MACD and signal lines trending upward. Despite three consecutive red candles, volume was declining – a sign of consolidation.
As long as key momentum indicators stay positive, ETH’s structure remains bullish, with dips likely to be absorbed by ongoing institutional accumulation and spot demand.
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