Ethereum Selling Activity Rises, Whales Remain Optimistic, Whats Next?
Why is Ethereum’s price consolidating below $3,500?
Ethereum (ETH), the second-largest cryptocurrency, is trading at $3,130, down 6% in 24 hours. After hitting $3,334.71 last week, ETH is consolidating. Investors are asking: Will Ethereum reclaim its all-time high?
Ethereum Price Trends: What’s Happening Right Now?
In the last few days, Ethereum price has been fluctuating, reflecting a phase of consolidation. The 50-day Exponential Moving Average (EMA) is currently acting as a key level. Ethereum is hovering around this EMA, and how it behaves over the coming days could determine the next move for ETH.
Key Support Levels: $3,000 and $2,899.73
Resistance Levels: $3,429.97
A move above $3,429.97 could signal a potential upward trend, taking ETH closer to the $3,500 mark. If ETH breaks below $2,899.73, a bearish outlook could follow.
Read detailed Ethereum Price Prediction 2040 for more insights
Ethereum Price Prediction 2025: Can ETH Reach $5,000?
Crypto analyst Ted has predicted that ETH price will hit $5,000 before April 2025. According to Ted, this strong rally is supported by the following factors:
Institutional Staking: World Liberty Financial, led by Donald Trump, is staking ETH, signaling bullish sentiment in the market.
Etherealize Launch: This initiative is expected to onboard institutions and increase ETH ETF inflows, which will likely push the price higher.
Pectra Upgrade (March 2025): This upgrade promises to improve Ethereum’s scalability, a critical factor that could enhance Ethereum's long-term value.
Also Read: Polygon Price Prediction 2030
Ethereum All-Time High: Can ETH Break Its Record?
The Ethereum all-time high is currently set at $4,878. Although the price is a bit lower at the moment, several key factors may help ETH break this record:
ETH's Strong Fundamentals: Ethereum continues to lead the blockchain space with smart contract functionality and DeFi projects.
Institutional Adoption: As more institutions adopt Ethereum, ETH price prediction trends towards higher values.
Selling Pressure vs. Whale Accumulation: What Does the Data Say?
Over the weekend, Ethereum experienced a rise in selling activity, with investors booking profits of over $430 million. However, this selling pressure hasn’t dampened the spirits of Ethereum whales. In fact, whales have been accumulating ETH, with over 120,000 ETH bought in the last three days.
Here’s a breakdown of the market sentiment:
Network Realized Profit/Loss: Investors realized $430 million in profits and $50 million in losses.
Dormant Circulation Spike: Both short-term and long-term holders have shown selling behavior, but the whale buying activity is preventing any significant price drop.
Ethereum Prediction 2030: A Long-Term View
Looking further into the future, Ethereum price predictions for 2030 show a promising outlook. With the rapid development of Layer 2 scaling solutions and continued institutional support, Ethereum’s network could become even more dominant in the blockchain space.
Analysts suggest that by 2030, ETH could experience major growth, possibly surpassing its all-time high and even approaching the $10,000 mark, depending on global adoption and technological advancements.
ETH News: What’s Driving Investor Sentiment?
Ethereum news today is filled with exciting developments. The ETH derivatives market has seen an increase in open interest, rising to 9.77 million ETH despite the price drop. This indicates that many investors are betting on a quick price recovery, not panicking and closing positions.
Moreover, the growing discussions about Ethereum decentralization and the implementation of native rollups show that Ethereum’s developers are working hard to make ETH even more scalable and decentralized.
Final Thoughts: Is Now the Right Time to Buy ETH?
With Ethereum's price today testing key support levels and showing signs of potential consolidation, it may be a good time for investors to keep an eye on ETH’s performance. If the price bounces above the $3,429.97 resistance, we could see a bullish trend developing, possibly paving the way for ETH to hit $5,000 or more in the coming months.