Ethereum Price Drops Slightly As Experts Say Buy This Crypto

Ethereum Price Prediction: ARK Invest Buys 4.4M Shares In Pieter Thiel-Backed ETH Treasury Firm As Experts Say This Is The Best Crypto To Buy Now

BySteven Walgenbach

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Updated: 22 July 2025

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The Ethereum price dropped a fraction of a percentage in the last 24 hours to trade at $3,737.95 as of 11:26 p.m. EST as some traders sell their holdings in the altcoin.

The slight drop in the ETH price comes after Cathie Wood’s ARK Invest disclosed that it bought 4,421,034 shares in Bitmine Immersion Technologies, an Ethereum treasury firm led by Fundstrat CIO Tom Lee and backed by Pieter Thiel.

JUST IN: Cathie Wood and Ark Invest bought 4,421,034 shares of Tom Lee's new Ethereum Treasury Company $BMNR. pic.twitter.com/HlG30EDvDJ

— Day Trading News (@dayxtrading) July 22, 2025

Ethereum Price Could Drop Out Of A Positive Channel As Resistance Nears

Daily chart for WETH/USD (Source: GeckoTerminal)

The Ethereum price has traded in a positive channel over the past few days, but could break out of this trend as bears defend the resistance level at $3,814.24. Data from GeckoTerminal shows the altcoin leader’s momentum seems to have stalled somewhat as it nears this technical barrier.

If sellers take full control, the Ethereum price might end up testing the immediate support level at $4,467.17. Thereafter, continued pressure from bears if that level fails to hold could result in a plunge to as low as $3,068.06.

The bearish move might not happen if the Ethereum price is able to break above the resistance level at $3,814.24 in the next 24-48 hours. If this happens, ETH might keep trading within the positive range. The next target might then be the $4,213.35 resistance.

Technicals Warn The Ethereum Price Might Pull Back Soon

From a technical point of view, indicators on the daily chart such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), warn the Ethereum price could undergo a correction soon.

The MACD line has started to collapse towards the MACD Signal line in the last 24 hours, which is a classic indication that bullish momentum is cooling off. If the gap between the two technical indicators continues to narrow, it could lead to a bearish cross over, which traders might see as a confirmation that ETH has entered into a negative trend.

Meanwhile, RSI readings have started to drop as well. This is as the indicator’s latest value in the mid 80s warns the Ethereum price might be in overbought conditions. Traders usually see high RSI readings as a sign that a crypto’s downside potential is greater than its upside potential.

As the Ethereum price looks to keep trading in a positive channel, investors are also buying up a new presale token called Best Wallet (BEST). Popular YouTube analyst Crypto Boy, who has over 61.5K subscribers, says it is one of the best cryptos to buy now.

A Wallet That Gives Investors All The Features They Need

Best Wallet is a new crypto wallet app that entered the market late last year and is already taking the crypto space by storm, and it’s easy to see why. The app offers users a range of handy features that enable them to securely store and grow their digital assets. It also comes with support for over 60 blockchains and the thousands of cryptos that run on them.

With a native decentralized exchange (DEX), an in-app staking solution, the ability to import wallets from across the crypto space, and so much more, it’s no surprise that the Web3 community is excited about Best Wallet.

Security is also top-notch. Not only is the app non-custodial, meaning private keys aren’t stored on a server somewhere, users’ assets are also protected by biometric scanning and 2-factor authentication.

Of all of the features Best Wallet has to offer, a standout is its “Upcoming Tokens” section that flags high-potential cryptos that are still in their early stages. So far, the project has successfully flagged Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that went on to print massive gains for early investors.

BEST token holders also unlock additional perks, including higher staking rewards, lower transaction fees, early access to new projects and the ability to participate in Best Wallet’s governance.

Best Wallet Presale Blasts Past $14 Million

Investors are already betting big on Best Wallet’s future, and have pumped more than $14 million into the project’s ongoing presale.

Interested investors can acquire BEST for $0.025365 apiece via the simple buy widget embedded on the project’s website using either crypto or bank card. Tokens can also be staked for a 97% APY.

Investors that want to lock in the best presale deal will want to hurry, because BEST’s price will increase as its presale progresses. The next ICO price hike is in less than 17 hours away.

Check out BEST.