Ethereum managed to stay above $1,900 for four straight daily closes, a streak unseen for over a month.

At the time of writing, Ethereum traded near $1,914, down slightly by 0.79% in the past day.

Two major buyers added more than 30,000 ETH in separate transactions, signaling fresh interest at this price point.

Lookonchain revealed that one whale snapped up 27,000 ETH valued at $52 million via Galaxy Digital OTC after three months of no wallet activity, marking a notable return.

Still, a single large buy doesn't guarantee the end of Ethereum’s recent downturn.

In addition, Arthur Hayes purchased 644 ETH worth $1.25 million, bringing his total eight-day accumulation to about 3,270 ETH, or $6.27 million.

Together, these moves suggest a resurgence of demand from big players as ETH holds steady above $1,900.

Meanwhile, Ethereum’s Spot Netflow shifted into negative territory after five positive days, sitting around -$16 million, meaning more ETH left exchanges than entered.

This could limit immediate sell pressure but doesn’t assure a price rise.

Institutional interest also showed signs of picking up. U.S. spot Ethereum ETFs recorded a net inflow of $37.47 million on July 21, marking three positive sessions in a row.

BlackRock’s ETHA ETF attracted $52.79 million, offsetting $15.32 million in outflows from Fidelity’s FETH.

Although encouraging, three days of inflows do not confirm a lasting trend.

Technical indicators offer mixed signals. The Bulls vs Bears index reportedly remained positive for three weeks, hitting 62, which hints at optimism among traders. However, these figures require verification from original sources.

The MACD indicator is said to be rising, pointing to improving bullish momentum, but details on timeframe and settings are missing.

If whale buying and ETF inflows persist alongside the negative Spot Netflow, Ethereum may challenge the psychological resistance around $2,000.

Breaking and holding above this level would provide stronger confirmation than whale activity alone.

This content is for informational purposes and does not constitute financial advice.