Ethereum Price Prediction: $419M in Sell Pressure Hits ETH – Is The Bull Market Over?

The Ethereum price has surged to $3,819 in the past 24 hours, outpacing Bitcoin with a sharp 5% surge that signals renewed strength in the altcoin market.

Despite a minor dip over the past week, ETH is now 49% higher than it was a month ago, as institutional and corporate buyers continue to pile in.

Today’s rally has absorbed more than $400 million in sell pressure from the previous day, and ETH is now eyeing a breakout above key resistance.

If that level gives way, the stage could be set for new all-time highs, with the long-term Ethereum price prediction looking more bullish than ever.

Ethereum Price Prediction: $419M in Sell Pressure Hits ETH – Is The Bull Market Over?

Alarm bells sounded yesterday when analyst J.A. Maartunn posted a tweet warning of a “dump alert,” based on data which showed the net taker volume for Ethereum futures was negative.

🚨 ETH Dump Alert: -$418.8M Net Taker Volume (daily)

Taker sellers offloaded 115.4K more $ETH than buyers were willing to absorb.

This is the 2nd largest daily sell-side imbalance ever. pic.twitter.com/XDw9cmDbKS

— Maartunn (@JA_Maartun) August 6, 2025

In fact, the net taker volume was -$418 million, which is the “2nd largest daily sell-side imbalance ever,” according to Maartunn.

In theory, what the net taker metric indicates is the balance between buy and sell volumes, with a negative reading – as above – signalling a preponderance of selling.

Such a preponderance should indicate bearish sentiment, yet what’s interesting here is that Ethereum’s net taker volume has been hugely negative for pretty much the entire year.

This includes during the bull run that followed Donald Trump’s victory in November’s election, and during its run of the past couple of weeks.

This is perhaps counterintuitive, so it may be tempting to ignore the metric, or to jump to the conclusion that there’s something unstable or unpredictable about the current bull market.

Other metrics indicate that we’re currently in a very bullish period for Ethereum, with its chart today showing renewed momentum, after a lull several days ago.

For instance, its RSI (yellow) is shooting back towards 70 after dropping below 30 at the start of this month.

Something similar applies to its MACD (orange, blue), while we also see that its price has just broken out of a descending channel.

As such, it’s now close to a big breakout, one which could propel it back above $4,000 and then towards $5,000, despite the negative taker volumes.

Layer-Two Network Bitcoin Hyper Raises $7.4 Million in Presale: Could It 100x After Listing?

Ethereum continues to be one of the strongest coins in the market, yet the coming months are also likely to see other, newer tokens outperforming averages.

This includes several promising presale coins, with possibly the most interesting on a fundamental level being Bitcoin Hyper (HYPER), an L2 project.

Bitcoin Hyper is now running Solana programs natively on its Bitcoin-anchored rollup.

Developers can use standard Solana CLI tools. Deploy, call, logs, config get—powered by a custom SVM runtime.

No simulation. No bridges. No trusted parties.

All state changes are real,… pic.twitter.com/tcUqVWtwXU

— Bitcoin Hyper (@BTC_Hyper2) August 5, 2025

Bitcoin Hyper has raised a hugely impressive $7.4 million in its ongoing presale, making it one of the biggest ICOs of 2025.

This is a testament to the confidence the new project is inspiring, which stems from its plans to launch a layer-two network for Bitcoin (BTC).

By using zero-knowledge proofs and Solana’s Virtual Machine, Bitcoin Hyper’s L2 will offer superior speed, scalability, security and privacy.

It promises to tap into Bitcoin’s enormous value for DeFi and trading purposes, with BTC holders able to deposit their funds and receive an equivalent amount of HYPER to spend within the L2’s ecosystem.

HYPER will have a max supply of 21 billion tokens, with holders also able to stake the coin, earning themselves a regular income on top of any price increases.

Given its functionality, and given that Bitcoin lacks a smart contract-oriented L2, Bitcoin Hyper could be one of the biggest success stories of 2025.

Investors can join its presale at the Bitcoin Hyper website, where HYPER currently costs $0.01255.

This will continue to rise for the duration of the sale, so newcomers should act quickly.

Click Here to Participate in the Presale