A whale moved $76.6 million in ETH off exchanges July 31 while staking hit a record 40.2 million ETH. Ether is 62% below its all-time high with resistance at $1,960.
Alpha Score of 66 reflects moderate overall profile with strong momentum, weak value, moderate quality, strong sentiment.
A wallet holding 40,000 Ether, worth roughly $76.6 million at current prices, moved the coins off exchanges on July 31. The transfer, logged by blockchain tracking services and flagged by CoinMarketCap, points to long-term holding rather than selling. Exchange outflows of that size usually mean the holder plans to keep the coins, not trade them.
The same day, Bitwise reported that 40.2 million ETH – 33% of all Ether in circulation, valued at about $63 billion – is now staked. That locks supply out of the market, reducing what is available for trading or selling.
Ethereum traded at $1,853 late Monday, down 0.88% over 24 hours. The 100-day moving average sits at $1,960; a break above that level would open the path toward $2,200 and then $2,400, traders said. Support holds at $1,800.
ETH is 62% below its August 2025 all-time high of $4,946. A return to that level would represent 165% upside from the current price. Analysts at several firms project $4,000 to $5,500 by 2027 if BlackRock ETF inflows and staking products accelerate. The more aggressive long-range targets put ETH at $8,000 to $12,000 by 2030, assuming adoption mirrors the path Bitcoin took after its ETF approval.
Pepeto, a separate token project, has raised $10.54 million in its presale, according to its website. The token trades at $0.0000001886 and offers 167% annualized yield on staked holdings. The project runs a live exchange, completed a SolidProof audit, and plans a Binance listing, the team said. The creator was involved in the original Pepe coin's $11 billion run, and a former Binance listing strategist helped design the launch.
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