Ethereum News- ETH Price Analysis: Will Whale Buying and Technical Patterns Push Ethereum to $5K?
Ethereum News– Ethereum’s native token, Ether (ETH), is currently facing a challenging market environment. Over the past 30 days, it is the only cryptocurrency in the top 10 by market capitalization to show a negative return. With sentiment on the decline and investor interest waning, ETH is desperately seeking a bullish reversal. On-chain data, however, suggests that the situation may change sooner than expected.
Whale Activity: Ethereum Addresses Accumulate 330,000 ETH in Two Weeks
According to MAXPAIN, a well-known crypto markets analyst, Ethereum addresses holding between 1,000 to 10,000 ETH have accumulated a total of 330,000 ETH since January 7th. This recent accumulation is worth over $1.08 billion at current prices. This level of accumulation is not unprecedented; earlier in April, the same group of addresses amassed more than 620,000 ETH, which contributed to a 66% price increase shortly thereafter.
The ongoing accumulation by large holders, or “whales,” could signal a shift in sentiment. The increase in active Ethereum addresses, now at 180,000 daily, further suggests that a fresh influx of capital might be on the horizon. While this is a positive sign, it also highlights an important trend: retail interest has declined significantly, as Percival, an on-chain analyst from CryptoQuant, pointed out. According to Percival, transaction volumes in the ETH spot market have fallen dramatically, from $52 billion in January 2021 to a mere $8 billion in 2025, a staggering 84% drop.
Tari’s analysis reflects that, despite whales buying up ETH, demand from retail investors during this current bull run is considerably weaker. As a result, even with large holders accumulating, Ethereum’s price has struggled to sustain momentum.
Could the Inverse Head-and-Shoulders Pattern Drive ETH to $5,000?
Despite the challenging market conditions, some analysts are starting to see a bullish setup forming for Ethereum. Jelle, a long-term crypto investor, pointed out the formation of an inverse head-and-shoulders pattern on the weekly chart, alongside ascending triangles, which could indicate an impending breakout. This pattern is generally viewed as a sign of bullish momentum, especially when combined with other positive technical setups.
The probability of a bullish move increases significantly when multiple indicators align. The inverse head-and-shoulders pattern, if it holds, could mark the beginning of a new upward trend for ETH, potentially leading it toward the $5,000 mark. The potential for price discovery, according to Jelle, is high if the pattern holds and the necessary liquidity supports such a move.
Another trader, Alec, echoed similar sentiments, noting that ETH is developing tightness on both the 30-minute low time frame (LTF) and the 1-day high time frame (HTF). This tightening typically suggests that a larger move is coming, and with liquidity on both sides of the market, it is only a matter of time before ETH breaks in one direction or the other.
Resistance at $4,100: Ethereum’s Immediate Hurdle
While the bullish outlook for Ethereum remains intact, ETH faces a significant barrier at the $4,100 level. Since 2024, Ethereum has managed to break above a descending trendline twice, but each time it has faced resistance at $4,100. For Ethereum to target $5,000, it must first flip this level into support. Once the price action is accepted above $4,100 on the daily and weekly charts, ETH could continue its rally to $5,000.
Cold Blooded Shiller, a prominent markets analyst, remains confident about Ethereum’s potential, stating, “$5k $ETH by March, and this will be the saltiest space on Earth.” While $5,000 is certainly within reach, Ethereum must first overcome its immediate resistance before this bullish scenario can unfold.
Ethereum’s Path to $5,000: Key Levels to Watch
In conclusion, while Ethereum has experienced a decline in sentiment and retail interest, large holders continue to accumulate, and on-chain data suggests that capital inflows could be on the rise. The inverse head-and-shoulders pattern on the weekly chart is a promising signal, but ETH’s immediate resistance at $4,100 remains a key hurdle.
If Ethereum can break and hold above this level, a rally toward $5,000 becomes a more realistic scenario. However, until that happens, ETH will need to prove itself against bearish pressures. The current market dynamics, combined with whale activity and technical patterns, suggest that Ethereum may have a chance at a revival in the near future.
As always, investors should carefully monitor these key resistance levels and on-chain data before making any decisions. While the potential for gains exists, market conditions remain volatile, and caution is advised for those looking to trade or invest in Ethereum.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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