Ethereum Whale Activity Hints at Major Rally Toward $4,000

Ethereum (ETH) is showing strong signs of a potential breakout, with institutional-grade accumulation patterns and notable whale activity driving bullish sentiment. After bouncing from its $2,350 accumulation range, ETH has firmly established itself above $2,520, setting the stage for further gains. Technical analysts have identified a Wyckoff pattern, which suggests intermediate price targets between $2,800 and $3,500, with the possibility of an eventual push toward $4,000. Large holders appear to be positioning themselves for this upward move, reinforcing confidence in Ethereum's near-term prospects. As of July 9, 2025, the cryptocurrency market is closely watching these developments, anticipating a significant rally if key resistance levels are breached.

Ethereum Whale Accumulation Signals Potential Breakout Toward $4,000

Ether's price action reveals institutional-grade accumulation patterns as large holders position for a potential breakout. The cryptocurrency has established a foothold above $2,520 after bouncing from its $2,350 accumulation range, with technical analysts identifying a Wyckoff pattern that projects intermediate targets between $2,800 and $3,500.

Notable whale activity underscores the bullish thesis. Blockchain data shows a single entity withdrawing $17.5 million worth of ETH from Binance over three weeks, suggesting strong hands are building positions. The current consolidation below $2,550 represents a typical pause after testing the 76.4% Fibonacci retracement level of the recent swing from $2,636 to $2,475.

Market structure remains constructive despite the rejection NEAR $2,600 resistance. The sustained demand near $2,520 support, coupled with the 100-hour moving average acting as dynamic support, creates favorable conditions for another leg higher. Traders are watching for a decisive close above $2,800 to confirm the next phase of the rally toward the psychologically important $4,000 level.

Tornado Cash Legal Battle Concludes as U.S. Drops Appeal

The U.S. Court of Appeals for the Eleventh Circuit has dismissed Coin Center's challenge against Treasury Department sanctions on Tornado Cash, marking the end of a protracted legal battle. The dismissal came after both parties agreed the case was rendered moot by OFAC's decision to lift sanctions on the Ethereum-based mixer in March 2025.

TORN token surged over 3% with trading volume spiking 154% following the announcement, reflecting market optimism. The resolution arrives as the TRUMP administration signals a softer regulatory stance toward crypto, though Tornado Cash co-founder Roman Storm still faces a federal criminal trial next week with potential 45-year sentencing.

Coin Center's Peter Van Valkenburgh confirmed the government declined to defend its broad sanctions interpretation in court. This outcome underscores shifting enforcement priorities while leaving unanswered questions about the boundaries of privacy tool regulation.

Ethereum (ETH) Price Faces Massive Compression; Will it Break Above $2800 This Week?

Ethereum's price remains in a tight consolidation range, reflecting a stalemate between buyers and sellers. The asset demonstrates resilience by maintaining support above key levels, suggesting accumulation before a potential breakout. Market participants await directional confirmation as volatility contracts.

Network activity shows mixed signals: daily transactions dipped 3.7% month-over-month to 1.23 million, though year-over-year growth persists at 8%. Gas usage stabilizes near 50.66%, slightly above 2023 levels but below historical averages. Whale activity intensifies with a notable 7,000 ETH withdrawal from Binance, signaling accumulation by large holders.

Institutional interest appears to be accelerating alongside exchange outflows, creating fundamental pressure that could fuel upward momentum. The $2,800 resistance level emerges as this week's decisive technical threshold.

SharpLink Gaming Shifts Strategy with $64M Ethereum Treasury Pivot

SharpLink Gaming, Inc. (SBET) shares surged 14.58% intraday following its aggressive accumulation of ethereum reserves. The company now holds 205,634 ETH—the largest publicly traded treasury position—after acquiring 7,689 ETH last week at $2,501 per token. This strategic shift from gaming to crypto asset management was funded by a $64.2 million capital raise through share issuance.

The move mirrors MicroStrategy's Bitcoin playbook, but with an Ethereum-centric approach. SharpLink's staking yields and newly launched exposure metric suggest confidence in ETH's long-term value proposition. Market reaction was immediate, with SBET peaking at $15.50 before settling at $14.51 amid heightened trading volume.