Ethereum price is heating up. In the past seven days, ETH has gained over 4.5%, and in just the last 24 hours, it’s jumped more than 2.3%. Now, whale activity and exchange data suggest something bigger may be coming.
According to on-chain reports, a major Ethereum whale has withdrawn 6,989 ETH (worth around $17.5 million) from Binance over the past three weeks. Just recently, the same wallet removed 1,900 ETH, valued at nearly $4.86 million, from the exchange.This kind of large-scale withdrawal reduces exchange liquidity, and if demand surges while supply dips, it could lead to a supply shock—a classic recipe for a price rally.
The latest data shows that Ethereum exchange reserves are steadily falling:
This drop suggests more ETH is being moved to cold wallets or DeFi platforms—an indicator of long-term holding sentiment among investors.
For weeks, ETH has been consolidating between $2,400 and $2,700. A breakout above this range could confirm bullish momentum.
The 50-day SMA is above the 100 and 200-day SMAs—indicating short- to mid-term bullish momentum. The neutral RSI means ETH still has room to grow without entering overbought territory.
If the current whale accumulation trend continues and ETH breaks above $2,700, analysts expect a move toward $3,000 and possibly beyond. A shrinking exchange supply and bullish technicals could fuel that breakout.
As the altcoin season begins, the short-term gains make Ethereum a lucrative buying option. However, the long-term promises of this programmable blockchain make it a viable long-term crypto investment.
As per our Ethereum price forecast 2025, the ETH price could reach a maximum of $5,925.
While Ethereum is trusted for its stout fundamentals, Bitcoin continues to dominate with its widespread adoption.
ZCash has delivered a breakout performance this week, surprising the crypto market with robust price…
One of the largest crypto exchanges, OKX, recently restricted Pi Coin withdrawal. In a post…
The U.S. Securities and Exchange Commission (SEC) is not shutting its doors on tokenization. U.S.…
The upcoming Binance Blockchain Week 2025 in Dubai is generating enormous buzz throughout the crypto…
Bitcoin holders can now stake BTC on Starknet without giving up custody, earning rewards while…
Crypto’s wild, right? Stories of tiny investments turning into life-changing cash are everywhere in this…
