• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ethereum Breaks Above $3,000 Driven by Whales and Options Expiry

user avatar

by Giorgi Kostiuk

4 hours ago


Ethereum has surpassed the $3,000 price level, driven by options expiry and increased whale activity.

Options Expiry and Short Positions

The price increase of Ethereum was significantly driven by Friday's $609 million options expiry. According to Greeks.Live, with the 'max pain' point set at $2,600, the sharp surge to $3,010 inflicted losses on put sellers, leading to widespread short-covering. A put/call ratio of 1.11 further amplified the squeeze, with more downside bets than upside exposure.

Whale Activity and Retail Accessibility

On-chain data revealed that whales purchased over $358 million in ETH over the past 24 hours. A single wallet (0x35fb) acquired $151 million, including $114 million on behalf of hedge fund Abraxas Capital. Another significant milestone was Robinhood's official launch of Ethereum staking for U.S. users, which increases ETH's accessibility to retail investors.

Technical Signals and Outlook

Ethereum's bullish structure is supported by strong technical indicators. The price cleared its 200-day simple moving average at $2,454 and broke above the key Fibonacci 78.6% retracement level at $2,304. The RSI (14) reached 71.6, indicating elevated momentum but not extreme overheating. The MACD histogram expanded to +44.71—the strongest bullish divergence since May 2025, confirming solid upward momentum.

Ethereum's ascent above $3,000 sparks renewed interest in its future prospects. Market focus shifts toward the $4,000 level, determining whether Ethereum will lead the next leg of the altcoin rally or face renewed resistance.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

PUMP Token: Achievements and Expectations Before Launch

chest

The PUMP token is set to launch on July 12. High interest in futures contracts reaches $120 million.

user avatarGiorgi Kostiuk

Kevin Svenson Forecasts Bitcoin to Reach $140,000 Post-April 2024 Halving

chest

Kevin Svenson predicts Bitcoin price may reach $140,000–$160,000 by 2025 following the April 2024 halving event.

user avatarGiorgi Kostiuk

Shiba Inu and Mutuum Finance: Token Trends This Summer

chest

Analysis of Shiba Inu and Mutuum Finance tokens as the market evolves and investor interest grows.

user avatarGiorgi Kostiuk

DexLab Introduces CaLab: New Opportunities in the APAC Market

chest

CaLab launch by DexLab targets the APAC market with a focus on local specifics and regulations.

user avatarGiorgi Kostiuk

Pump.fun Integrates Kolscan to Enhance Social Trading

chest

Pump.fun has announced the integration of Kolscan, aiming to enhance social trading with new tools and features for users.

user avatarGiorgi Kostiuk

DPS Successfully Raises $30.5 Million Despite Web3 Decline

chest

DPS and its blockchain integration strategy show potential for attracting investments amid market downturns.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.