24-7-2025 – Major Ethereum (ETH) investors, including whales and SharpLink Gaming, have significantly increased their holdings, capitalizing on a recent price dip, according to data from Lookonchain and Onchain Lens. A newly created wallet, identified as 0x8eEa, acquired 33,644 ETH worth $125.73 million via FalconX, bringing its total to 105,977 ETH ($397 million) over four days.
Another newly created wallet 0x8eEa just bought another 33,644 $ETH($125.73M) via #FalconX, for a total of 105,977 $ETH($397M) in the past 4 days.https://t.co/DQQ8Pna5DXhttps://t.co/Y1eobJMUD4 pic.twitter.com/td3EpzZLsK
— Lookonchain (@lookonchain) July 23, 2025
Another wallet purchased 32,640 ETH ($122.18 million) through OTC deals, raising its holdings to 43,787 ETH ($163 million). SharpLink Gaming, dubbed the “MicroStrategy of Ethereum,” added 79,949 ETH last week, increasing its total to 360,807 ETH, a 29% rise from the prior week. Despite this aggressive accumulation, ETH’s price remains stable, trading at $3,682 with a modest 0.90% gain over the past 24 hours, as reported by AMBCrypto. Trading volume dropped 17%, reflecting reduced trader activity.
ETH is consolidating near the $3,650 support level after a 35% rally, with profit-taking preventing a breakout toward the $4,000 resistance. On the 4-hour chart, ETH consistently holds above $3,650, but a break below this level could trigger an 8% decline to $3,300. Conversely, maintaining support could pave the way for a retest of $4,000.On-chain data from CoinGlass highlights key liquidation levels: $3,359.7, with $290 million in long positions, and $3,768.9, with $589.17 million in short positions, signaling bearish sentiment among traders.
