Over the past few days, $ETH has experienced a notable surge in both first-time buyers and momentum buyers — a clear sign of fresh demand entering the market. This is complemented by renewed participation from existing holders, who are showing confidence by raising their cost basis. The combination points toward growing conviction and potentially sustained upside momentum.

Bitcoin is currently trading above the $116,000 level, which is a positive sign. A small symmetric triangle has formed on the lower time frames, and a break from this pattern will determine the next direction for the price. The resistance and support levels remain unchanged.

$ETH Heatmap: MVRV Red, Sellers Exhausted, ATH Ahead

ETH is knocking on the $4,400 door after a massive run from $2,400, both price action and on-chain momentum are aligned for a potential breakout.

🔹 MVRV_norm → Deep red, majority of supply in profit. Historically can trigger sell pressure, but rally phase still intact.
🔹 Supply_in_loss_norm → Near historical lows, sellers almost exhausted.
🔹 Realized_price_norm → Rising with spot, showing fresh capital inflows.
🔹 NUPL_norm → High-positive zone, profits up but not yet full euphoria.
🔹 Supply_in_profit_norm → Elevated, confirming widespread profitability.

Break & hold above $4,000 could send ETH toward $5,000+ (ATH).

Watch for profit-taking if momentum fades after breakout.

Binance ETH OI Prints One of the Largest Daily Upticks in Months

In the last 24H, ETH Open Interest on Binance jumped $681M (+6.9%), one of the largest daily buildups in months.

Price is steady near $4,136, but this kind of OI surge on Binance often precedes major volatility.

May 19, 2025: +$640M OI → ETH +7% in 3 days
Feb 24, 2025: +$580M OI → ETH -5% in 2 days

Key On-chain Take:
OI spikes alone don’t call direction, but on Binance, they almost always signal a big move is coming.

Binance still dominates ETH derivatives with unmatched depth, global trader participation, and tight spreads.

Watching closely, next few days could get interesting for $ETH.

Based on the structure wise, we are still doing okay in the BTC.

Similar what I've anticipated on yesterday's analysis, this is still becoming the strong area of support which need to be tested.

As long as the price doesn't breach below this yellow zone, upside rally will come sooner.

Whales FOMO season😂

What will happen after phase 2 will be ridiculous

KAVA analysis:

Price is currently at the support area, and there is a small uptrend line that makes it stronger. You can open a long position at the support area. A move towards the resistance area is expected.

Support Area: $0.3700-$0.4000

Resistance Area: $0.5340-$0.5740

On August 5, BTC ETFs recorded a 1,500 BTC outflow — the largest wave of selling pressure since April 2025.

Historically, such ETF outflows tend to be short-lived, with prolonged selling being rare.

Over the past few days, $ETH has experienced a notable surge in both first-time buyers and momentum buyers — a clear sign of fresh demand entering the market. This is complemented by renewed participation from existing holders, who are showing confidence by raising their cost basis. The combination points toward growing conviction and potentially sustained upside momentum.

Ethereum Whale Alert

In the last hour, Binance, Coinbase, and Bitstamp have transferred nearly $160M in ETH to Galaxy Digital’s OTC desk.

Biggest single transfer: 4,500 ETH (~$18.99M)

Whales are making big moves in $ETH today, something’s brewing.`

🚨 NOW: $BTC has smashed through $120K, while $ETH just broke above $4,300.
Momentum’s heating up across majors, watch for volatility spikes.

Michael Saylor posted the Saylor Bitcoin tracker again, hinting at buying more Bitcoin.

If you don't stop buying Bitcoin, you won't stop making Money.