On July 29, 2025, Ethereum's price hovered around the critical resistance level of $4,100 as large holders kept buying and market attention shifted from Bitcoin to ETH.
Large Purchases of Ethereum by Multiple Holders
Market data shows that Ethereum's price remained steady just below $3,800 on July 29, 2025. Crypto analyst Ali Martinez mentioned that a real move would likely begin once ETH moved above the $4,100 mark. At the time of this report, ETH was trading at $3,765.50, down 0.14% in 24 hours. Notably, one of the largest recent buyers was World Liberty Financial, which bought 256.75 ETH for $1 million in USDC, paying an average of $3,895 per coin. Overall, World Liberty Financial had collected 77,226 ETH worth $296 million.
Increase in Open Interest for Ethereum
In separate news from Glassnode, there was a significant rise in Ethereum's open interest dominance, which climbed to almost 40%, the highest since April 2023. Analysts noted that this could suggest increasing interest among traders toward Ethereum compared to Bitcoin.
Momentum Building Ahead of Potential Breakout
Some traders anticipated a deeper drop before Ethereum's price would push higher, but that did not occur. Analyst Michaël van de Poppe pointed out that the price remained strong and was now likely to reach $4,100, with technical indicators indicating further upward momentum. ETF inflows also added fuel to the momentum, as reported by Scott Melker, who noted that ETH spot ETFs had seen inflows for 17 consecutive days.
Despite the growing interest and active buying from major players, analysts remind that a true trend shift will require a break above the $4,100 level.
