Ether’s Wild Ride: $3.6K Reclaimed, $4.5K Looms! 🚀

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Key takeaways:

  • The price of Ether, that old mule of the crypto hills, stumbled to $3,500 last Thursday, but the dirt under its hooves shows no fresh cracks—just whispers of a greener pasture in 2025. 🌱

  • A wall of $4,500 stands like a redwood in the path of ETH’s ascent, stubborn and tall. Climb it? Not yet. But don’t let that stop you from dreaming. 🪓

The market’s wise men mutter that Ether’s climb up the dollar mountain remains unbroken, even after its 9% tumble from its seven-month high. Call it a slip on a muddy slope, not a surrender. 🐎

Data from the alchemists of CryptoMoon Markets Pro and TradingView reveals that Ether’s price, like a stubborn mule, has dragged itself back to $3,600 after a flash crash to $3,500 during the early Asian hours of Thursday. A hiccup, not a heart attack. 💊

Ether’s Sells Pressures: Light as a Feather?

The ETH/BTC inflow ratio, that old barometer of market sentiment, suggests Ether’s outperformance may yet continue, as if it’s dancing with lower selling pressure than Bitcoin. CryptoQuant, that sage of onchain data, nods in its Weekly Report: “Lower ETH/BTC inflows mean fewer sellers, more buyers. It’s as simple as pie.” 🥧

The chart below shows this ratio diving to five-year lows in May, a time when ETH sellers were as scarce as a rainy day in the desert. Since then, the ratio has crept upward, but still lingers far from the red zone of panic. Fewer ETHs heading to exchanges, more staying put—like good wine in a cellar. 🍷

“Lower ETH/BTC inflows mean fewer sellers,” CryptoQuant declared, as if reading the stars. “This continues to be a bullish signal for ETH relative to Bitcoin, potentially supporting further upside in the ETH/BTC pair.”

The outperformance, it seems, is also backed by the ETH/BTC ETF Holding Ratio, which has swelled from 0.02 to 0.12 since May. Investors, those clever crows, are stacking more ETH than BTC, as if betting on the underdog. 🐦

Meanwhile, spot Ethereum ETFs strut their stuff, marking their first anniversary with a seventh-best day of inflows ever: $332.2 million on Wednesday. Meanwhile, Bitcoin ETFs? A leaky faucet, spilling $285.2 million in three days. Talk about a divorce. 💔

🇺🇸 UPDATE: US spot Ether ETFs hit $16.6B AUM on their 1-year anniversary, with a $3.9B inflow streak over the past 3 weeks.

— CryptoMoon (@CryptoMoon) July 24, 2025

Onchain Data: The Roadmap to $4.5K

Glassnode, that old mapmaker of the crypto frontier, lays out key levels for traders to watch, using Ether’s cost basis model. It’s like reading the soil to know where the crops will grow. 🌾

This model, with its true market mean and active realized price, paints a picture of what farmers call “the average price paid” by those who till the crypto fields. On the downside, support lurks between $2,000 and $3,000, a patchwork of realized prices at $2,100, true market mean at $2,500, and active realized price at $3,000. A safety net, if the price tumbles again. 🛋️

“This price range would serve as an important level of support in the event that the price corrects back toward it,” Glassnode wrote, as if predicting a storm but hoping for clear skies.

Above, the first major resistance sits at $4,500, a wall of active realized price pushed one standard deviation higher. This price band, like a canyon, has historically blocked ETH’s ascent—back in March 2024 and during the 2020-21 gold rush. 🏞️

“Breakouts above this threshold tend to coincide with heightened market euphoria and unsustainable market structure,” Glassnode warned, as if advising not to jump into a boiling pot. “As such, $4,500 can be identified as a critical level to watch on the upside, especially if Ethereum’s uptrend continues and speculative froth builds further.”

CryptoMoon, that old oracle, adds: Bulls must push ETH above $3,860 to open the gates for a charge toward $4,000. A final sprint, or a trip to the emergency room? Only time will tell. 🏃♂️💨

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2025-07-24 18:32