Bitcoin holds steady near $118K after the Fed keeps rates unchanged at 4.25%4.5%, with odds of a September cut dipping. The post Bitcoin trades flat near $118K as Fed holds rates steady appeared first on Crypto Briefing.

Bitcoin trades flat near $118K as Fed holds rates steady

Ethereum is once again approaching critical levels after a stretch of volatile 
yet bullish price action. Following a sharp rebound from yesterday’s low of 
around $3,675, ETH is now trading above the $3,800 mark, regaining momentum as 
traders eye a decisive move. While short-term volatility remains, the overall 
structure favors continuation—provided ETH can break cleanly above the $4,000 
resistance level. Related Reading: Bitcoin Heat Macro Phase Signals Market 
Sits Between Accumulation And Distribution This threshold now stands as the 
key barrier between consolidation and a potential rally toward new highs. A 
confirmed breakout would likely ignite fresh bullish momentum across the 
broader altcoin market. Until then, price remains trapped in a narrowing 
range, testing both trader patience and liquidity depth. Meanwhile, on-chain 
data supports the bullish case. According to blockchain analytics platform 
Arkham, whales have ramped up their accumulation, with large addresses 
steadily adding to their ETH holdings in recent days. This ongoing 
accumulation trend reflects growing conviction among high-cap players and adds 
weight to the possibility of further upside in the months ahead. Whale 
Receives Ethereum From Galaxy OTC As Institutions Double Down Ethereum’s 
bullish narrative gained further momentum this week after Arkham disclosed a 
massive on-chain transaction involving a major institutional player. A fresh 
wallet address—0xdf0A67Ded855F8ea4baB6399690883243c0e2EF3—just received $153 
million worth of ETH, purchased directly through Galaxy Digital’s over-the- 
counter (OTC) desk. The scale and nature of this transaction suggest growing 
institutional conviction in Ethereum’s long-term potential. This isn&#8217;t just 
another whale move. The fact that the ETH was funneled into a new wallet from 
a regulated OTC provider underscores the strategic accumulation taking place 
behind the scenes. As traditional finance increasingly integrates with crypto, 
Ethereum’s utility, programmability, and future role in tokenized finance are 
making it a high-conviction play among institutional allocators. This heavy 
buy comes after a prolonged period of weakness. Earlier this year, ETH 
suffered persistent selling pressure, with price action sliding lower for 
months. Retail interest faded, and sentiment turned bearish. But while the 
public panicked, sophisticated players appear to have taken the other side of 
the trade—accumulating quietly during the downturn. Related Reading: BlackRock 
Goes Heavy on Ethereum: Buys 4x More ETH Than BTC ETH Consolidates Below 
Resistance Ethereum (ETH) continues to trade in a tight range just below the 
key resistance level of $3,860.80, as shown in the 4-hour chart. Despite 
recent price volatility, ETH has remained above its 50- and 100-period moving 
averages, currently near $3,756 and $3,629, respectively. This suggests that 
bullish momentum is still intact in the short term. Volume has picked up 
slightly, indicating rising interest from traders as ETH tests this critical 
horizontal resistance. The price has failed to close decisively above this 
level multiple times since July 25, highlighting its significance. However, 
the consistent higher lows forming over the past week point to building buying 
pressure beneath the surface. Related Reading: Bitcoin Long-Term Holders Begin 
Distribution: Mirroring Fall 2024 Cycle A confirmed breakout above $3,860.80 
could open the door for a push toward the psychological $4,000 level and 
beyond. Conversely, failure to break resistance may lead to another retest of 
the 100-period moving average or even the $3,700 support zone. Featured image 
from Dall-E, chart from TradingView

Whale Buys $153M In Ethereum From Galaxy Digital OTC: Institutions Are Betting Big

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