Ethereum Price Maintains $4K Target Despite $2B Decline in Open Interest
Ethereum maintained its $3,802 price level on July 30 despite broader market weakness, supported by its 10-year anniversary celebrations, SEC approval of ETF in-kind redemptions, and surging institutional demand with BlackRock’s ETF now holding over 3 million ETH.
Ethereum Derivatives Analysis | Source: Coinglass, July 30, 2025
Ethereum’s resilient spot price action, despite massive deleveraging on Wednesday appears driven by a trident of bullish factors.
First, the Ethereum ecosystem celebrated its 10-year anniversary, with top crypto stakeholders and developers sharing commemorative messages and milestones on Tuesday, drawing global attention and boosting market sentiment.
🎉 happy 10th birthday Ethereum!
💰 MoonPay is giving away 1 ETH ($3,780) to one person on X to celebrate
💜 the winner will be selected and notified on July 31
Second, the US SEC has approved in-kind redemptions for both Bitcoin BTC$86 99824h volatility:0.3%Market cap:$1.74 TVol. 24h:$55.69 B
and Ethereum ETFs. This regulatory clarity is critical, as it opens the door for more efficient capital inflows and institutional participation.
Third, institutional demand for ETH is accelerating. Bloomberg ETF analyst Nate Geraci reported this week that the BlackRock iShares Ethereum ETF now holds over 3 million ETH.
iShares Ethereum ETF now holds over 3 million ether…
This means that Blackrock alone now holds 2.5% of ETH’s total 120 million circulating supply, affirming Standard Chartered analysts’ recent projection that ETH ETFs could eventually capture up to 10% of total supply.
ETH Price Prediction: Can Bulls Break Past $4,158 Resistance?
Ethereum currently trades at $3,802, consolidating just below the upper Bollinger Band at $4,158, which marks a critical resistance level. The Bollinger Bands have expanded, signaling strong volatility, while the midline support rests near $3,518.
The RSI stands at 75.48, flirting with overbought territory but still below last week’s high of 81.04, suggesting room for a breakout before a full reset.
Ethereum Price Prediction | Source: TradingView
If bulls push ETH above $4,158, the next long-term target could be around $4,500, last seen during the 2021 bull cycle. On the downside, failure to hold the $3,750 zone would open downside risk toward $3,520 support, aligning with the 20-day moving average.
Best Wallet In Demand as Ethereum Traders Move to Secure Profits
As Ethereum eyes a breakout above the $4,000 milestone price level, savvy traders are securing profits in non-custodial wallets, drawing attention to Best Wallet’s ongoing token presale.
Best Wallet Presale
The $BEST Token powers the Best wallet ecosystem and aims to disrupt the $11 billion non-custodial wallet market. With over $14.3 million raised, $BEST token appears poised for major gains as the ongoing ETH rally draws in new market participants. Visit the official Best Wallet website to enter the presale before the next price update.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
With a background in Economics, I bring a solid understanding of market dynamics, financial systems, and the broader economic forces shaping the crypto industry. I’m currently pursuing a Master’s degree in Blockchain and Distributed Ledger Technologies at the University of Malta, where I’m expanding my expertise in decentralized systems, smart contracts, and real-world blockchain applications.
I’m especially interested in project evaluation, tokenomics, and ecosystem growth strategies, as these are areas where innovation can drive lasting impact. By combining my academic foundation with hands-on experience, I aim to provide meaningful insights that add value to both the financial and blockchain sectors.
