Ethereum's Biggest Players Boost Holdings by 1.8 Million ETH in a Month - Notable Build-up in Ownership Pattern
Ethereum (ETH) has continued its bullish trend, breaking above the key resistance level at $3,860, according to recent price action analysis. The cryptocurrency is currently trading around $3,898, with many experts forecasting prices well beyond this level in both the short and long term.
The current analysis indicates a strong bullish sentiment for Ethereum, with some experts projecting prices to surpass $5,000 in the near term and potentially reach $12,000–$15,000 by the end of 2025.
Several factors are contributing to this bullish sentiment. Ethereum’s price has tested resistance around $4,700 and $5,000, supported by strong technical indicators and growing institutional interest. This could set the stage for a breakout above $4,000 and higher price targets near $5,500–$6,000 in August 2025.
Ethereum is increasingly recognized as a key platform powering stablecoins and major institutional blockchain projects. The recently passed GENIUS Act and initiatives like the SEC’s Project Crypto are accelerating Wall Street’s adoption of Ethereum-based financial infrastructure, contributing to expanded utility and demand.
Significant ETF accumulations, favorable crypto regulations, and supportive legislative acts are also fueling optimism. This includes expectations of substantial corporate and ETF accumulation and the possibility of a US Federal Reserve interest rate cut, which could provide additional upward pressure.
It's worth noting that while the outlook remains strongly bullish, some caution exists due to midterm corrections and whale activity. Indicators such as negative funding rates and some staking withdrawals hint at short-term bearish pressure. However, the macro outlook remains optimistic, with the prevailing expert view that Ethereum breaking above $4,000 is a critical technical milestone fueling confidence in continued upward momentum.
Furthermore, volume spikes on recent green candles indicate growing market participation on the buy side. The 50-day simple moving average (SMA) for ETH is sloping upward, and $3,860 is now a key support level for ETH. If ETH closes and holds above $3,900, it could test the $4,000-$4,050 zone.
$3,700 is a potential secondary support level for ETH, aligned with the 100-day SMA. The 100-day and 200-day SMAs for ETH are below the 50-day SMA, indicating a positive trend.
In summary, the prevailing expert view is that Ethereum breaking above $4,000 is a critical technical milestone fueling confidence in continued upward momentum, driven by institutional adoption, regulatory support, strong tech fundamentals, and a growing ecosystem demand poised to push Ethereum potentially beyond $7,500 to $15,000 by the end of 2025.
Decentralized finance (DeFi) platforms are expected to play a significant role in this bullish sentiment for Ethereum, as institutional investors increasingly seek out high-yield investment opportunities in the finance sector powered by advanced technology. With the growing adoption of Ethereum-based financial infrastructure, there's a potential for increased investment in decentralized finance on the platform.
The bullish rally in Ethereum could also inspire a surge in investing in technology that is tied to the Ethereum network, as further developments and innovations within the ecosystem gain traction and bolster the value of the cryptocurrency.
