Ethereum Price Forecast: Can ETH Hit $3,500?
What’s Next For ETH Price?
Ethereum (ETH) has been showcasing dynamic price movements, and traders are keeping a close eye on its next moves. Let’s dive into the key levels, whale activity, and liquidation data shaping Ethereum’s outlook.
Ethereum Price Today: $3,309
Ethereum is currently trading near a critical resistance level of $3,425.50, which acts as a key hurdle for any bearish scenario. A drop below $3,222.00 could signal further corrections, targeting the next support at $3,017.30. However, if ETH manages to breach the $3,425.00 mark and move past $3,510.00, it could halt the bearish trend and re-establish its bullish trajectory, with a potential target of $3,680.00.
Expected Trading Range Today: $3,200.00 (support) to $3,540.00 (resistance).
Read our detailed Ethereum Price Prediction 2025 for more insights
Ethereum Whale Accumulation Signals Bullish Sentiment
Recent data from Santiment reveals that top Ethereum wallets holding 1M–10M ETH added over 1M ETH in December, increasing their holdings from 8.2M ETH to over 9.2M ETH. This represents an investment of over $3.3 billion at current market prices. Such significant accumulation highlights bullish sentiment among major investors.
Info Box:
Whale Holdings (December): Increased by 1M ETH
Current Whale Holdings: 9.2M ETH (~$3.3 billion)
Also Read: Bitcoin Cash Price Prediction 2025, 2026 – 2030
Liquidation Heatmap: Key Insights
Data from Coinglass identifies concentrated short liquidations at $3.5K, $3.73K, and $4.1K. These levels act as upside liquidity targets that could attract price action if sentiment shifts. Additionally, there’s a slight build-up of leveraged positions at $3K, which may face liquidation if ETH drops to this level.
Can ETH Reclaim $3,500?
Defending the psychological support at $3,000 is crucial for Ethereum to maintain its current momentum. If successful, ETH could retest and potentially reclaim the $3,500 mark, providing a bullish outlook.
Long-Term Ethereum Price Predictions
As ETH approaches its all-time high levels, market discussions often revolve around, "Will Ethereum go up?" Long-term projections remain optimistic, with Ethereum price predictions for 2024, 2025, and even 2030 pointing toward substantial growth. With whale activity and strong support levels, ETH’s price today indicates promising potential.
Key Takeaways:
Resistance Levels: $3,425.00 and $3,510.00
Support Levels: $3,222.00 and $3,017.30
Bullish Target: $3,680.00 if resistance is broken
Whale Accumulation: Over $3.3 billion added in December
Liquidation Clusters: $3.5K, $3.73K, and $4.1K
Ethereum’s price action remains one to watch as it navigates these critical levels. Staying updated with Ethereum news today and analyzing whale activity can provide actionable insights for traders and investors.