Ethereum (ETH) Price Action Reaches a Critical Point as Major Liquidation Zones Overhead

The price action of Ethereum (ETH) is approaching a critical juncture as major liquidation zones come into view and large transactions continue at a high volume.

With key resistance levels also in sight, the market could be setting up for a sharp move in one direction or the other. As recent data shows, there has been a large influx of ETH to exchanges, which might spell trouble for the bulls.

But the broader technical structure remains bullish, and as volatility approaches, traders and investors will be watching closely to see if Ethereum can break through and ignite its next rally.

Large Transactions Remain Strong As Ethereum Price Consolidates

The data from TheKingfisher shows that large Ethereum transactions have remained steady even as the price has moved sideways over recent months. Over the last 24 hours, 2.75 million ETH was transacted through large movements, a figure that matches the seven-day low which occurred on April 27, 2025.

During the past week, the highest daily volume was seen on April 22, when 4.64 million ETH changed hands.

As the analysis shows, these transaction spikes have historically been related to major price surges. Peaks were seen in 2017, 2021, and early 2024, before Ethereum went on to make a strong upward move.

The consistent transaction volume also speaks to the interest from institutional holders and large investors. As analysts note, the whales remain active even as the price cools down, which suggests that they are positioning ahead of another potential rally.

Liquidation Map Shows Alot Of Upside Pressure

The liquidation map from TheKingfisher shows a clear concentration of short liquidations between $1,820 and $1,860. The current ETH price is around $1,809, and this proximity to major liquidation clusters could cause rapid price movements.

On the downside, the long liquidation zones are smaller and centered near $1,780, which shows a bias toward upward pressure. When liquidation clusters are heavier on one side, it often creates a “squeeze” effect when the price moves through them.

This setup could lead to rapid volatility as Ethereum approaches these zones. Traders and analysts will be keeping a close eye on these levels for potential breakout opportunities or sudden swings. “The liquidation map favors upside volatility if ETH can push through $1,820,” TheKingfisher reports.

Massive Inflows To Exchanges Might Spell Short-Term Trouble

Despite the optimistic setup, there are also short-term risks that cannot be ignored. CryptoPatel reports that more than 92,000 ETH flowed into Binance recently.

Historically, large inflows to exchanges are seen before increased selling pressure. During the same period, over $500 million in Bitcoin was moved to exchanges, adding more caution to the current market mood.

Rising tensions between the United States and China over trade issues are also creating a less stable environment for cryptocurrencies.

Data from CryptoQuant supports these observations, warning that large inflows have often preceded temporary price drops in the past.

Therefore, while technical factors suggest possible upward pressure, external risks might limit any immediate rallies.

As the chart above shows, periods of large ETH inflows to exchanges have been followed by sharp price drops in the past.

The technical structure in Ethereum remains bullish from the $1,500 support point. As cryptocurrency analyst Surya noted, Ethereum price has managed to hold this level multiple times in the past starting from 2023.

As the chart below shows, technical indicators suggest that both $2,200 and $4,000 stand as optimal targets for price gains if the market gains significant momentum. According to Surya the technical setup shows that previous resistance zones will likely become breakthrough points in the next move.

An upward sloping trend line can be traced on the chart based on the higher lows observed, meaning that the consolidation phase my be nearing its end.

However, much attention is given to the psychological $10,000 as the next possible target, which may be expected by 2026 in case ETH climbs over $4,000.

Despite periodic turbulence related to large exchanges’ inflow and reel economic conditions, fundamentals as far as on-chain data, chart patterns, and whales suggest that Ethereum is headed toward its next level.

As liquidation zones are near to overhead, intense price activity in Ethereum might be seen in the coming days.