Breaking: White House To Release Crypto Policy Report On July 30

Ethereum (ETH) continues to trade below $2,000 for the fourth consecutive day as the cryptocurrency faces a record selling spree.  The outlook for ETH is unlikely to change anytime soon, as indicated by the Net Taker Volume on-chain metric. So, expecting an Ethereum price bounce here, especially if Bitcoin (BTC) continues to trend lower, is highly unlikely.

Ethereum Price Today

Ethereum price today is down 1.71% and currently trades at $1,931. ETH’s year-to-date performance stands at -42%, showing that the lackluster and bearish price action of 2024 has spilled over to 2025. The upcoming staking approval from the US Securities and Exchange Commission (SEC) could be a catalyst that could trigger an uptrend, provided the overall crypto market outlook remains bullish.

Taker Volume Notes Record Selling Spree

According to CryptoQuant data compiled by Maartunn, the 30-day average of Net Taker Volume continues to drop, illustrating investors’ bearish outlook on Ethereum. This outlook also explains ETH’s 2025 YTD performance.

Taker volume refers to the trading volume generated by “takers,” market participants who execute orders immediately by taking liquidity from the order book via market orders instead of limit orders.

Typically, a massive downtick in the taker volume indicator often coincides with potential bottoms that lead to quick, short-term reversals. However, this outlook is possible if the Bitcoin price and the macroeconomic conditions stop being bearish.

Should You Buy ETH Here?

According to AlphaExtract’s Global Liquidity Bands, ETH price has tagged the lower band, flashing a buy signal. The last time this indicator flashed a buy signal was in August 2024, which was followed by a four-month consolidation, followed by a parabolic rally to $4,000.

Will history rhyme? Should you buy ETH here? The chances of a potential rebound and bullish Ethereum price forecast here are good, but a better probability would be when Bitcoin price forms a stable bottom and stops crashing.

Key Support and Resistance Levels to Watch

Based on the weekly chart, the breakdown of the $2,000 to $2,200 support level has flipped it into a resistance zone. ETH price has already retested the $1,756 support level, a breakdown of which could lead to a revisit of $1,633, which has not been tagged since October 2023. In some cases, ETH’s value could also revisit $1,500.

On the other hand, a flip of $2,000 resistance level would allow ETH price to revisit $2,600, $2,768 and $3,000 blockades, all of which need to be overcome for a sustained uptrend.

Ethereum’s current outlook remains bearish, with on-chain metrics suggesting a continued downtrend, but a potential buy signal has been flashed, offering a glimmer of hope for a rebound.

The post Ethereum Price Faces Record Selling Spree in 3 Months, Is Rebound Likely? appeared first on CoinGape.

The altcoins sector has gained notable traction as Bitcoin and the broader financial market recovered recently. However, the latest data indicates that the whales are shifting their focus to these specific coins for now. Recent whale activity suggests a strategic pivot toward select altcoins with high growth potential.

These tokens, though under the radar, are now gaining serious momentum thanks to these massive inflows.

Top Altcoins That Whales Are Putting Their Bets On

While Bitcoin grabs headlines due to the robust BTC rally, the top altcoins are quietly stealing the show. According to blockchain analytics platform Lookonchain, whale wallets are actively accumulating three specific tokens, VIRTUAL, Worldcoin (WLD), and GAME. This movement indicates growing confidence in these assets, especially amid a broader market rebound.

In a recent post on X, Lookonchain disclosed that a single whale snapped up 2.53 million VIRTUAL tokens worth around $2.66 million at a price of $0.93 each. The altcoin, associated with metaverse-related infrastructure, has seen rising interest thanks to renewed speculation around virtual economies.

The same whale also scooped up 1.48 million WLD tokens, spending $1.73 million at an average of $1.02 per token. Worldcoin has remained a hot topic due to its ambitious identity-verification goals tied to AI-driven platforms. Whale accumulation here suggests growing belief in the project’s long-term utility.

Meanwhile, a much larger but lower-value transaction involved 6.47 million GAME tokens, acquired for just $299,000 at a mere $0.04 apiece. This indicates a possible bet on the gaming sector’s comeback, particularly with Web3 games gaining traction again.

Lookonchain also noted a smaller buy: 303,574 COOKIE tokens worth $40,700, priced at $0.13 each. While not as prominent as compared to the other altcoins, this modest purchase adds weight to the idea that whales are diversifying within small-cap tokens.

How Worldcoin, Virtual, & GAME Tokens Are Performing?

Worldcoin price today rose more than 24% and exchanged hands at $1.17 with its one-day volume rocketing 150% to $481 million. Notably, the crypto has touched a high of $1.19 from a low of $0.95 in the last 24 hours.

Simultaneously, given the whale’s accumulation, the other altcoins also recorded robust rallies today. It also reflects how these whale or large investors’ moves influence the broader market sentiment. VIRTUAL Price recorded a surge of over 34% to $1.10 and its trading volume soared 260% to $511 million.

Meanwhile, GAME price also jumped about 70% to $0.05, accompanied by a rocketing trading volume of 76% to $6 million. With its recent surge, the crypto has added more than 200% in the weekly chart while soaring around 121% over the last 30 days.

Also, the COOKIE price jumped more than 10% and exchanged hands at $0.1420 during writing, reflecting the investors’ shifting focus.

The post Top 3 Altcoins To Watch That Whales Are Buying appeared first on CoinGape.