Until late July, ETH USD was underperforming in the crypto market, raising questions about whether Ethereum crypto will still dominate going forward. Fast forward a few weeks, and Ethereum crypto has become one of the most closely watched networks. There are even solid Ethereum price predictions that the ETH price will soar above August highs and print new all-time highs above $5,000.
According to Coingecko, Ethereum is up +80% year-to-date and nearly +20% in the past month. While upside momentum is slowing, the path of least resistance remains northward. This bullish outlook holds, especially if ETH USD rejects bearish pressure and stabilizes above $4,000.
(Source: Coingecko)
On Coinglass, trader interest in Ethereum remains strong. Despite recent bearish price action, trading volume across major perpetual exchanges is stable at $88.7Bn, down -2% in the past day, while open interest in leveraged positions has risen by +2% to nearly $60Bn. Options open interest also increased by +2.6% in the last 24 hours to over $17.6Bn.
(Source: Coinglass)
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Ethereum Crypto Exchange Reserve Flux Balance Goes Negative: Will ETH USD Rally to $10,000?
Although ETH USD is under pressure, positive open interest in derivatives and options markets points to trader confidence. Accordingly, despite the recent ETH price drop, subsequent consolidation is a sign that the big boys might be accumulating.
On-chain data supports this view. Ethereum holders are moving assets off major exchanges like Binance and Coinbase. For the first time, the Ethereum Exchange Flux Balance, which tracks net flows into and out of top centralized exchanges, has turned negative. This drop suggests more ETH crypto is being withdrawn than deposited, reducing liquidity on exchanges.
(Source: cas_abbe, X)
Historically, increased withdrawals from exchanges signal structural market shifts that can drive prices higher. With fewer coins available, selling pressure decreases, allowing long-term holders to control the circulating supply.
Amid this negative netflow, whales are holding firm. On September 4, a whale who purchased 1 million ETH during the ICO moved 150,000 ETH to a new wallet for staking.
https://twitter.com/lookonchain/status/1963770197871046708
Another whale also bought $100 million worth of ETH, a sign that whales are bullish about the future; which is bullish even for the best meme coin ICOs.
https://twitter.com/TedPillows/status/1963541295529693665
An analyst on X compared the current ETH USD price action to BTC USD in 2020, just before it surged to over $69,000.
(Source: MerlijnTrader, X)
If Ethereum follows a similar trajectory, it could reach $10,000.
Looking at the chart shared, ETH USD is already trading above a key resistance trend line. If this breakout is valid, ETH crypto may extend gains, racing to fresh all-time highs.
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Will Snorter Become a Go-To AI Trading Bot?
If Ethereum rallies, some of the best cryptos to buy, like
Solana
4.94%
Solana
SOL
Price
$68.50
4.94% /24h
Volume in 24h
$4.03B
Price 7d
, could follow.
Increased activity in the Solana ecosystem presents opportunities for smart investors and traders.
Snorter developers are creating an AI-guided trading bot for the Solana ecosystem via Telegram. The bot is designed to be fast, running on a private RPC, and cost-effective compared to competitors.
To address rug pulls in the Solana meme coin space, Snorter includes a rug pull detection tool and protection against MEV attacks.
Additionally, a copy trading feature allows new traders to copy positions from experienced, profitable traders for a small fee.
Over $3.7M has been raised in the ongoing Snorter presale, with each SNORT token trading at $0.1033 before prices increase in the next presale stage.
SNORT presale investors can stake for a 124% APY.
DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025
ETH USD May Spike To $10k As Whales Stack, Snorter Raises $3.7M
- Ethereum crypto exchange reserve flux balance turns negative
- Whales are HODLing, big boys buying ETH crypto
- ETH USD may rally to $10,000
- Snorter presale raises over $3.7M
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