Ethereum Rebounds as Whales Accumulate, Eyeing Surge Towards $2,500

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March 16, 2025 by Usman Zafar

Ethereum (ETH) is in the spotlight, trading at $1,932 with a slight 1% increase in the last 24 hours.
Whale accumulation of more than 420,000 ETH within the last five days highlights confidence in price recovery.
Ethereum’s next move relay on support at $1,870 and resistance at $2,050.
A breakout from the Descending Channel could push ETH toward the $2,500 target.

Ethereum (ETH) is showing positive signs for upward movements and experiencing surge in its value. Recently, ETH hit hard by market volatility and hit its recent low at $1,760 and significantly down by 28% in the last 30 days. Ethereum is now positioning for breakout and aiming for higher price targets. With Bitcoin showing bullish signs of upward trend ETH trying to get back on the track.

As of now, ETH is gaining momentum and slightly up by 1% in the last 24 hours. Currently, Ethereum is trading at $ 1,932.58 with a 24-hour trading volume of $ 18.53B, market cap of $ 233.06B. Moreover, its trading is still down by 27% in the last 24 hours.

Whale Activity Signals Accumulation

One of the most bullish signs of ETH’s recovery is the accumulation of whales that has been on the rise. Over 420,000 ETH have been accumulated in the past half week alone as large holders have shown strong belief in the potential for price recovery. Whales have accumulated in the past before significant price action has been seen, giving hope to Ethereum’s current trajectory.

Ethereum Poised To hit $2,500

According to on-chain data, ETH is facing a battle between support and resistance areas. Crypto analyst Ali Martinez highlighted that $1,870 serves as a strong support level, while $2,050 remains a crucail resistance zone. A break above this level could starts upside momentum.

Meanwhile, crypto analyst Clifton FX noted that ETH is creating a Descending Channel on the 1-hour chart. If ETH can break out of this pattern, the second target zone can be $2,500, indicating a bullish reversal.

What’s Next for Ethereum?

With growing whale accumulation and better price action, ETH is looking to stabilize following a tumultuous month. If the bullish momentum is sustained and ETH takes back some of the key resistance points, it may experience a strong rally in the weeks to come. But breaking through $2,050 is still vital for it to validate a sustained bullish trend.

Will Ethereum break through resistance and regain its bullish traction, or will market volatility persist in challenging its recovery? Watch these important levels as the tug-of-war continues.

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