{"id":43596,"date":"2025-08-22T14:46:39","date_gmt":"2025-08-22T14:46:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43596"},"modified":"2025-08-22T14:46:39","modified_gmt":"2025-08-22T14:46:39","slug":"ethereum-eth-prints-bullish-engulfing-as-institutions-load-up","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43596","title":{"rendered":"Ethereum (ETH) Prints Bullish Engulfing as Institutions Load Up"},"content":{"rendered":"<div>\n<p><b>TL;DR<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">ETH forms a bullish engulfing candle near $4,200, signaling renewed demand and trend continuation.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Open interest hits record $28B, with traders heavily positioned for Ethereum\u2019s next major move.<\/span><\/li>\n<li style=\"font-weight: 400;\">Whales and the U.S. government accumulate ETH during dips, reducing supply and strengthening the market outlook.<\/li>\n<\/ul>\n<h2><b>Bullish Candle Formation Signals Renewed Demand<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Ethereum (ETH) has printed a bullish engulfing candle on the daily chart. Analyst Cas Abb\u00e9 noted that the pattern shows buyers are stepping back in. The green candle has fully covered the previous red one, a setup traders often view as a shift in momentum.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Abb\u00e9 explained that dips are getting bought, institutions are buying, while Bitcoin OGs are selling their BTC to buy ETH. The move appeared near the $4,200 level, which may now provide support. ETH remains in an uptrend that has been in place since May, with the price still following its rising curve.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$ETH<\/a> has formed a bullish engulfing candle here.<\/p>\n<p>Dips are getting bought, institutions are buying while Bitcoin OGs are selling their BTC to buy ETH.<\/p>\n<p>Now is the worst time to be bearish on ETH. <a href=\"https:\/\/t.co\/oZjC2Kzfqc\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/oZjC2Kzfqc<\/a><\/p>\n<p>\u2014 Cas Abb\u00e9 (@cas_abbe) <a href=\"https:\/\/twitter.com\/cas_abbe\/status\/1958799537654444164?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">August 22, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Remarkably, ETH open interest has reached record highs above $28 billion. Analyst Merlijn The Trader <\/span><a href=\"https:\/\/x.com\/MerlijnTrader\/status\/1958793763213504616\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">said<\/span><\/a><span style=\"font-weight: 400;\">,\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cHistorically, these setups don\u2019t consolidate. They detonate.\u201d\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">The data shows leveraged positioning is at its strongest point to date, reflecting aggressive activity across exchanges.<\/span><\/p>\n<figure id=\"attachment_409687\" aria-describedby=\"caption-attachment-409687\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gy55watXIAAVqIn.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-409687\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gy55watXIAAVqIn.jpeg\" alt=\"ETH open interest\" width=\"1200\" height=\"675\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gy55watXIAAVqIn.jpeg 1200w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gy55watXIAAVqIn-300x169.jpeg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gy55watXIAAVqIn-1024x576.jpeg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gy55watXIAAVqIn-768x432.jpeg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gy55watXIAAVqIn-50x28.jpeg 50w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"><\/a><figcaption id=\"caption-attachment-409687\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">With Ethereum trading above $4,000, the rise in open interest suggests that a large move is approaching. Merlijn added that this could be Ethereum\u2019s biggest breakout since 2021, given the amount of exposure now built into the market.<\/span><\/p>\n<h2><b>Accumulation by Institutions and Government<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Merlijn also reported that the U.S. government added $332,460 worth of ETH, bringing its holdings to $254 million. He <\/span><a href=\"https:\/\/x.com\/MerlijnTrader\/status\/1958786219850244586\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">commented<\/span><\/a><span style=\"font-weight: 400;\">,\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cGovernments don\u2019t stack Ethereum for fun. They stack it for power.\u201d<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">On-chain analyst Ali Martinez <\/span><a href=\"https:\/\/cryptopotato.com\/ethereum-whales-unfazed-by-the-correction-heres-how-much-they-bought\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">said<\/span><\/a><span style=\"font-weight: 400;\"> wallets holding between 10,000 and 100,000 ETH purchased 400,000 coins during the recent dip. The stash, worth about $1.7 billion, increased their total holdings to almost 30 billion ETH, or 25% of the circulating supply. This accumulation reduces the available supply on exchanges and shows strong participation from large holders.<\/span><\/p>\n<h2><b>Technical Setup Points Toward $4,666<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Analysts are also watching an inverse head and shoulders structure on the 4-hour chart. Bitcoinsensus <\/span><a href=\"https:\/\/x.com\/Bitcoinsensus\/status\/1958812702945472637\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">identified<\/span><\/a><span style=\"font-weight: 400;\"> a clear left shoulder, head, and right shoulder with a neckline near $4,300.<\/span><\/p>\n<figure id=\"attachment_409686\" aria-describedby=\"caption-attachment-409686\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gy8ZxMhWcAAdVjQ.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-409686\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gy8ZxMhWcAAdVjQ.jpeg\" alt=\"ETH price chart\" width=\"1200\" height=\"578\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gy8ZxMhWcAAdVjQ.jpeg 1200w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gy8ZxMhWcAAdVjQ-300x145.jpeg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gy8ZxMhWcAAdVjQ-1024x493.jpeg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gy8ZxMhWcAAdVjQ-768x370.jpeg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gy8ZxMhWcAAdVjQ-50x24.jpeg 50w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"><\/a><figcaption id=\"caption-attachment-409686\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">A <\/span><a href=\"https:\/\/cryptopotato.com\/ethereum-price-test-this-key-support-stands-between-eth-and-deeper-losses\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">breakout<\/span><\/a><span style=\"font-weight: 400;\"> above that level, if supported by high trading volume, projects a move toward $4,666. Bitcoinsensus said,\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cBulls need volume confirmation for breakout to stick.\u201d\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Without it, ETH risks rejection at resistance and a return to consolidation.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/ethereum-eth-prints-bullish-engulfing-as-institutions-load-up\/\">Ethereum (ETH) Prints Bullish Engulfing as Institutions Load Up<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR ETH forms a bullish engulfing candle near $4,200, signaling renewed demand and trend continuation. Open interest hits record $28B, with traders heavily positioned for Ethereum\u2019s next major move. Whales and the U.S. government accumulate ETH during dips, reducing supply and strengthening the market outlook. Bullish Candle Formation Signals Renewed Demand Ethereum (ETH) has printed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-43596","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43596"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43596\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}