Key Notes
- Ethereum is buying and selling at $2,065, up 9% over the previous week.
- Whales accrued round 470,000 ETH (~$1 billion) within the final seven days.
- Giant Ethereum holders elevated their holdings by 29% in two weeks.
Ethereum
ETH
$2 074
24h volatility:
4.3%
Market cap:
$250.26 B
Vol. 24h:
$15.45 B
is buying and selling round $2,065, recording a 9% weekly gain, amid large whale accumulation. Prior to now seven days, Ether whales have purchased roughly 470,000 Ethereum, value round $1 billion.
On-chain knowledge from Glassnode reveals that Ethereum whales, holding between 10,000 and 100,000 ETH, have grown their holdings by round 29% up to now two weeks.
The variety of addresses holding at the least $100,000 value of ETH has climbed from round 70,000 addresses on March 10 to round 75,000 on the time of writing.
Notably, Ethereum recently retested its multi-year trendline help degree – a zone that has solely been revisited thrice since 2021: June 2022, November 2022, and now March 2025. Traditionally, this help degree has marked the underside earlier than main rallies.
Standard crypto analyst Rekt Capital predicts that if ETH generates a robust response under $2,000, it may reclaim the $2,196–$3,900 macro vary.
Ethereum has dropped into this historic demand space (mild blue)
If worth can generate a robust sufficient response right here, then #ETH will be capable of reclaim the $2196-$3900 Macro Vary (black)
If ETH does this earlier than the March Month-to-month Shut, then this complete sub-$2200… pic.twitter.com/Fj4JYeGcBq
— Rekt Capital (@rektcapital) March 19, 2025
He added that if this restoration happens earlier than the March month-to-month shut, your entire dip under $2,200 may merely be a fakeout earlier than a stronger upside transfer.
ETH Value Outlook
On Ethereum’s each day chart, worth not too long ago approached the mid Bollinger Band (20-day SMA), which serves as a resistance degree round $2,100. A breakout above this midline may push ETH towards the higher band close to $2,230.
Supply: TradingView
In the meantime, the RSI has climbed to 46, rebounding from oversold territory. The upward trajectory suggests strengthening momentum.
Supply: TradingView
Equally, the MACD line has crossed above the sign line, producing a bullish crossover. Furthermore, the inexperienced histogram bars point out growing shopping for momentum. If the MACD sustains this movement, it may sign the beginning of a broader uptrend.
Curiously, ETH seems to be forming a double-bottom sample on the each day chart as the value not too long ago bounced off the $1,950–$2,000 help zone twice. If it breaks above the $2,200 resistance, it may verify the sample and set off a rally towards the $2,400–$2,500 vary.
Investor sentiment towards Ethereum stays bullish for the long-term. Asset administration big VanEck not too long ago forecasted a $6,000 cycle high for ETH by the top of 2025, citing elevated institutional adoption.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market circumstances can change quickly, we encourage you to confirm info by yourself and seek the advice of with an expert earlier than making any choices primarily based on this content material.
A crypto journalist with over 5 years of expertise within the business, Parth has labored with main media shops within the crypto and finance world, gathering expertise and experience within the house after surviving bear and bull markets over time. Parth can be an writer of 4 self-published books.
