Ethereum Holds $4,244 as Whale Activity Signals $7K Breakout

Whales, inflows, and $8B shorts fuel ETH rally

An ETH trader exited a massive 66,749 Ethereums long position worth $303 Million, securing a $6.86M profit with a 55x return.

He started by investing 125K in Hyperliquid and reached the maximum of 43M in equity, which was a 344x gain, before exiting.

The trader had two accounts and reinvested the entire profits to build his position within four months. His total equity went to $6.99M at the time of closing, down from a previous high of $43 Million.

A different whale trader made 236x or $29.6M, out of a $125K investment, again using Hyperliquid and the same Ethereum long strategy.

He divided capital into two wallets and was compounding returns to develop the $303 Million Ethereums position, after which he completely closed.

During the same period, a swing trader (0x8062) sold 2,277 Ethereums at 4,203 and walked away with a profit of 4.04Million  and 9.57M in cash.

This trade happened during declining prices, which implies panic-selling because of slippage and abrupt volatility in the market.

Meanwhile, OTC whale 0xd8d0 purchased 10,000 ETH ($43.43M) and 350 BTC ($40.53M) with an amount of 83.96Million USDC.

This massive buy was at the same time as the weakness of the market, indicating new institutional confidence in the long run.

Ethereum Price Holds $4,244 as Breakout Targets $7,000

An Ethereum price weekly chart indicates that a breakout has occurred out of a descending broadening wedge with a target price above 7,000.

This structure developed in 2023-Mid 2025 and is currently indicating an upside of 79% of the breakout price around $4,200.

Source : X

The move above resistance has been robust, and corrections are probing the support around the $4,190 and $4,240 levels.

At the time of writing, ETH is trading at $4,244, rebounding off major short-term support, as bulls look to regain $4,571.

Analyst Dariusz Kowalczyk indicates that reclaiming the $4,550-$4,571 is a key to any further bullish extension.

He cites several macroeconomic events this week, such as FOMC minutes and speech by Powell, as possible triggers.

Source : X

Market volatility increased following the PPI data, which halted ETH's rally, although the price structure is bullish unless the price falls below $4,190.

Ethereum Exchange Inflows Surge as $8B Shorts Face Liquidation Risk

Ethereum inflows on exchanges shot up significantly as its price soared, reaching nearly 2.5M ETH on August 13.

CryptoQuant also shows that ETH inflows increased and Bitcoin flows did not change much, which indicates selling pressure in Ethereum.

Ethereum Exchange Inflow (Total) - All Exchanges : Source : CryptoQuant

As ETH was sent to exchanges, it raised concerns about short-term corrections because of more selling pressure.

At the same time, Coinglass liquidation map shows that there are short positions worth more than 8B at risk of liquidation above 4,800.

ETH Exchange Liquidation Map : Source : Coinglass

The liquidation zone is packed, and significant spikes show weak shorts that can increase the bullish pressure in case they are triggered.

In contrast, long liquidation levels are at low levels, indicating that bulls are more comfortable or in a better position during market fluctuations.

Such a skew may be the driver of violent upside momentum as bears are squeezed, particularly when the Ethereum price breaks over $4,571 in the upcoming sessions.

The institutional and whale-level actions, as well as the high inflows and liquidation areas, indicate a critical period for Ethereum.

This week’s price reaction to macro events and technical levels will likely determine if ETH pushes toward $5K or retreats.