Ethereum Defies Market Maker Chaos: Price Stability Shines Through Volatility

Ethereum isn't just surviving—it's thriving. While market makers play their usual games, ETH's price refuses to buckle. Here's why.

The Unshakable Giant

Market makers love volatility—it's their bread and butter. But Ethereum? It's eating their lunch. Despite the usual pump-and-dump antics, ETH's price action remains rock-solid. No flash crashes, no panic sells—just steady resilience.

Behind the Scenes: Liquidity vs. Manipulation

Liquidity pools are deeper than ever, and traders aren't biting on the bait. Whales might splash, but retail investors aren't drowning. The network's fundamentals—burn rates, staking yields, and Layer-2 adoption—are doing the heavy lifting.

The Cynic's Corner

Meanwhile, Wall Street still thinks 'blockchain' is a fancy Excel spreadsheet. Keep sleeping, guys.

Ethereum's not just holding strong—it's setting the stage for the next leg up. Buckle in.

Ethereum And Solana Hold Uptrend Amid Onchain Market Maker Activity

Ethereum (ETH) and solana (SOL) are both displaying notable resilience, with strong momentum suggesting they are seeking higher price levels. According to top analyst Ted Pillows, the latest market dip — which occurred in the final hour of trading — wasn’t driven by retail selling pressure, but by significant movements between Binance and Wintermute.

Onchain data, Pillows explained, shows a series of large transfers totaling millions of dollars in both ETH and SOL. These transactions coincided almost exactly with the sudden price pullback, hinting at coordinated market Maker activity rather than a shift in broader sentiment.

The analyst emphasized that “proof is on-chain,” pointing to transparent blockchain records of wallet movements between Binance and Wintermute, a well-known liquidity provider. While such transfers are not inherently bearish, their timing has raised eyebrows, particularly as both assets were pressing against critical resistance levels — with ETH nearing its all-time high and SOL pushing toward multi-month peaks.

The coming sessions could be pivotal. ETH and Bitcoin are both in a high-stakes battle with their respective ATH levels, where breakout attempts face concentrated liquidity from sellers. If buyers can absorb the pressure, the market could transition into a more aggressive bullish phase. However, if similar large-scale transfers trigger more intraday dips, traders may face an extended consolidation period before the next leg higher.

Price Action Details: Testing All-Time High Liquidity Zone

Ethereum’s weekly chart shows a powerful surge, with price reaching $4,792 — its highest level since November 2021. The MOVE marks a continuation of the strong bullish momentum that started after ETH broke above the $3,000 level in late July. The recent candles show large-bodied gains, confirming aggressive buying interest and sustained demand.

The current price of $4,719 sits just below the all-time high of $4,860, a historically significant resistance. This level may act as a psychological barrier, potentially triggering short-term profit-taking before any confirmed breakout. However, the steep upward slope of the 50-week moving average (blue) and the distance from the 100-week and 200-week MAs suggest that momentum remains firmly on the bulls’ side.

Failure to break above $4,860 in the short term could result in a healthy retest toward the $4,300–$4,400 zone, aligning with the breakout area from early August. This level WOULD likely act as a strong support before any renewed attempt at higher highs.

Featured image from Dall-E, chart from TradingView