Ethereum Price Forecast: $419 Million in Selling Pressure Affects ETH – Is the Bull Market Concluding?

The price of Ethereum has climbed to $3,819 in the last 24 hours, surpassing Bitcoin with a notable 5% increase that indicates a resurgence in the altcoin sector.

Although there was a slight decline over the previous week, ETH is currently 49% higher than it was a month ago, as institutional and corporate investors continue to enter the market.

Today’s rally has absorbed over $400 million in selling pressure from the day before, and ETH is now looking to break through significant resistance levels.

If this level is breached, it could pave the way for new all-time highs, with the long-term Ethereum price forecast appearing more optimistic than ever.

Ethereum Price Forecast: $419M in Sell Pressure Affects ETH – Is the Bull Market Concluding?

Concerns were raised yesterday when analyst J.A. Maartunn tweeted a warning of a “dump alert,” based on data indicating that 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 marks the 2nd largest daily sell-side imbalance ever. pic.twitter.com/XDw9cmDbKS

— Maartunn (@JA_Maartun) August 6, 2025

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

The net taker metric reflects the balance between buying and selling volumes, with a negative figure – as seen here – indicating a predominance of selling.

This predominance typically suggests bearish sentiment; however, it is noteworthy that Ethereum’s net taker volume has been significantly negative for nearly the entire year.

This includes the period during the bull run that followed Donald Trump’s election victory in November, as well as the recent surge over the past few weeks.

This may seem counterintuitive, leading some to disregard the metric or conclude that there is instability or unpredictability in the current bull market.

Other indicators suggest that we are presently in a very bullish phase for Ethereum, with its chart today reflecting renewed momentum after a brief lull several days ago.

Source: TradingView

For example, its RSI (yellow) is rising back towards 70 after dipping below 30 at the beginning of this month.

A similar trend is observed in its MACD (orange, blue), and the price has just broken out of a descending channel.

Consequently, it is now nearing a significant breakout, which could drive it back above $4,000 and potentially towards $5,000, despite the negative taker volumes.

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

Ethereum remains one of the most robust coins in the market, yet the upcoming months are also expected to witness other, newer tokens outperforming the averages.

This includes several promising presale coins, with Bitcoin Hyper (HYPER), an L2 project, being particularly noteworthy on a fundamental level.

Bitcoin Hyper is now executing Solana programs natively on its Bitcoin-anchored rollup.
Developers can utilize 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 impressively raised $7.4 million in its ongoing presale, making it one of the largest ICOs of 2025.

This reflects the confidence the new project is generating, which is rooted in its plans to establish a layer-two network for Bitcoin (BTC).

By employing zero-knowledge proofs and Solana’s Virtual Machine, Bitcoin Hyper’s L2 aims to provide enhanced speed, scalability, security, and privacy.

It intends to leverage Bitcoin’s substantial value for DeFi and trading, allowing BTC holders to deposit their assets and receive an equivalent amount of HYPER to utilize within the L2’s ecosystem.

HYPER will have a maximum supply of 21 billion tokens, with holders also having the option to stake the coin, thereby earning a regular income in addition to any price appreciation.

Given its functionality, and considering that Bitcoin currently lacks a smart contract-oriented L2, Bitcoin Hyper could emerge as one of the most significant success stories of 2025.

Investors can participate in its presale at the Bitcoin Hyper website, where HYPER is currently priced at $0.01255.

This price will continue to increase throughout the duration of the sale, so potential investors should act promptly.

Click Here to Participate in the Presale

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