Ethereum (ETH) Price Prediction 2025: Will the Bulls Come Out Victorious?

output: Key Notes

In the last 24 hours, Ethereum (ETH) price shows bullish momentum, aiming for the $3,600 mark. However, declining whale activity and the awakening of dormant wallets hint at potential short-term volatility.

After a brief consolidation phase, ETH price recovered from the support level at $3,200. This triggered a 3.2% surge, forming a bullish engulfing candle in the 4-hour chart. Breaking above the 20 EMA line, the Ethereum rally is re-challenging the dynamic resistance average line 50 EMA.

Moreover, the RSI line has witnessed a significant uptick crossing above the 14-day average line and the 50% level. Thus, the momentum indicator reflects a boom in buying pressure.

With the bullish engulfing candle, the Ethereum price showcases increased chances of a 38.20% Fibonacci level breakout. This bullish rally will likely challenge the critical resistance level of $3,600.

However, closing under the $3,300 level will test the bullish dominance at $3,100. The increased pressure amid market fluctuation could result in a fall to $3,000.

After a brief consolidation phase, ETH price recovered from the support level at $3,200. This triggered a 3.2% surge, forming a bullish engulfing candle in the 4-hour chart. Breaking above the 20 EMA line, the Ethereum rally is re-challenging the dynamic resistance average line 50 EMA.

Moreover, the RSI line has witnessed a significant uptick crossing above the 14-day average line and the 50% level. Thus, the momentum indicator reflects a boom in buying pressure.

With the bullish engulfing candle, the Ethereum price showcases increased chances of a 38.20% Fibonacci level breakout. This bullish rally will likely challenge the critical resistance level of $3,600.

However, closing under the $3,300 level will test the bullish dominance at $3,100. The increased pressure amid market fluctuation could result in a fall to $3,000.

Over the last 7 days, the whale holding of Ethereum from addresses holding $10,000 worth of Ethereum to more than $10 million has fluctuated. This marks a massive shift in the whale addresses over the correction phase.

Diving deep into the categorization, addresses holding more than $10 million worth of Ethereum changed from 2.52k to 2.47k. Furthermore, the addresses holding $1,000,000 to $10,000,000 worth of Ethereum reached 13.14k from 13.37k.

The massive shift in the whale addresses reveals the reflection of underlying weakness in the Ethereum whale community.

Over the last 7 days, the whale holding of Ethereum from addresses holding $10,000 worth of Ethereum to more than $10 million has a massive shift. This fluctuation showcases the changing dynamics of whale distribution.

At the beginning of the last week, the number of whale addresses holding Ethereum from $10,000 to $10,000,000 were 788.3k. This shifted to 788.3k addresses over the 7 days.

Diving deep into the categorization, addresses holding more than $10 million worth of Ethereum changed from 2.52k to 2.47k. Furthermore, the addresses holding $1,000,000 to $10,000,000 worth of Ethereum reached 13.14k from 13.37k.

Amid the technical and on-chain signals turning red for Ethereum, a whale from the Ethereum ICO era has awakened. After a dominant sleep of 9.5 years, the whale has deposited 742.11 Ethereum tokens over the past 5 hours.

This is nearly $2.5 million on two different wallets. One of these wallets has sent 431.11 Ethereum to Coinbase.

The trader had invested nearly $600 in the ICO to receive 1,940 ETH at the Genesis block. Currently, the whale continues to hold its 1,198 ETH tokens worth $4.01 million.

As the news of multiple ICO-era whales awakening to offload, the short-term fluctuations are likely to experience increased bearish influence.