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The Ethereum price dropped over 1% in the past 24 hours to trade at $3,633 as of 5:19 a.m. EST, with trading volume surging 17% to $50.7 billion.
This decrease in the ETH price comes as reports arose that decentralized finance (DeFi) whales withdrew $1.7 billion worth of Ethereum from Aave, an Ethereum lending protocol, over the past week.
Whales have pulled a whopping $1.7 billion worth of ETH from Aave over the past week.
Marc Zeller, an Aave contributor, told DLNews he believed Justin Sun was behind the majority of the Ethereum withdrawals. “He’s moving billions like I go grocery shopping.” pic.twitter.com/37df6VLTOO
— Wu Blockchain (@WuBlockchain) July 23, 2025
According to reports, crypto billionaire Justin Sun was behind the majority of the ETH withdrawals. Sun is believed to have moved more than $646 million worth of ETH from Aave. However, SUN still holds over $80 million on the platform.
In other developments, the cryptocurrency space is down 5.7% over the last 24 hours, with a market capitalization of $3.9 trillion. However, ETH has maintained its support above the $3,500 level. Can ETH soar from here?
Ethereum Price Set For A Bull Run If It Breaches This Resistance
The ETH price on the daily timeframe reveals a clear bullish trend that has gained significant momentum since mid-June 2025, pushed by an earlier rounded bottom pattern.
Ethereum’s price has surged from a base near $1,800 to its current level around $3,633.88, marking an impressive upward rally. This move is part of a larger V-shaped recovery pattern that began forming in April 2025.
The recent breakout above the $2,800 resistance zone confirms a decisive shift in market sentiment from consolidation to a rally, as GeckoTerminal data shows.
Meanwhile, the Fibonacci retracement indicates that the price of Ethereum has surpassed all key resistance levels, including the 0.236 ($3,231.18), 0.382 ($2,855.92), and 0.618 ($2,241.74) zones, now turning them into support levels.
ETH is now challenging the final resistance at the 0 Fib level (previous high).
As a result of the continued uptrend, ETH now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), cementing the bullish outlook for Ethereum.
The 50-day SMA has also crossed above the 200-day SMA, forming a golden cross at $2,547 (along the 0.5 Fib level), further suggesting that the price of Ethereum is poised for more gains.
The Relative Strength Index (RSI) is currently at 76.05, which places it in overbought territory. This suggests that while bullish momentum is strong, a short-term consolidation or minor pullback could occur.
Moreover, the blue Moving Average Convergence Divergence (MACD) has crossed above the orange signal line, representing a bullish crossover. The green bars on the histogram are also extended above the zero line, which suggests sustained positive momentum.
ETH Price Prediction: Eyes Set On $4,000 As Bulls Take Command
According to the ETH technical analysis, the Ethereum price appears poised to continue its upward move.
If the price of Ethereum holds above the $3,300 range, which now acts as support, the bullish trend is likely to continue toward the $3,842.46 resistance.
A confirmed breakout above this level could trigger a new impulse wave toward $4,033, a 10% surge from the current level.
Conversely, the overbought RSI shows that the ETH price is due for a slight correction. In such a case, the $3,231 and $2,859 levels, representing the 0.236 and 0.382 Fibonacci levels, respectively, act as the next support levels.
In the meantime, investors are rotating funds into Best Wallet (BEST), which popular YouTube channel 99Bitcoins, with over 723K subscribers, says is one of the cryptos that could potentially soar 100X after launch.
Best Wallet Closes On The $14.5 Million Mark – Next 100X Crypto?
Best Wallet is quickly establishing itself as a top-tier DeFi wallet, offering a sleek, user-friendly experience that appeals to both crypto newcomers and seasoned investors.
With a massive and rapidly growing user base, it’s becoming the preferred choice in the decentralized finance ecosystem.
Still in its early stages of presale, the project has already raised over $14.1 million and is quickly hurtling towards $14.5 million.
🔥 Over $14M Raised & Climbing! 🔥
Built for traders who want speed and early access.
✅ Buy early-stage tokens straight from the app
✅ Swap and bridge across chains with ease
✅ Clean interface, full control of your assetsDownload Best Wallet 📲 https://t.co/YZVS4oxbqw pic.twitter.com/he2vFsrNK9
— Best Wallet (@BestWalletHQ) July 21, 2025
Its built-in decentralized exchange (DEX), presale aggregator, and upcoming crypto debit card set it apart in a crowded field. However, what’s turning heads is its “Upcoming Tokens” feature, a launchpad that has already proven its knack for spotting winners.
Projects like Pepe Unchained (PEPU) and Catslap (SLAP), flagged early by Best Wallet, delivered jaw-dropping gains of 500% and 7,000%, respectively, for early adopters.
Security remains a cornerstone, with biometric authentication and decentralized recovery options ensuring users retain complete control of their funds.
The native token, BEST, powers this ecosystem. Furthermore, holding the token unlocks perks such as reduced trading fees, access to exclusive presales, and staking rewards with an impressive 96% annual return.
The BEST token is currently priced at $0.025375. With the next price hike looming in around 7 hours, buy soon to secure the best deal.
Check out BEST on its official website.
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