Ethereum (ETH) Price: Whales Make Massive Return as Market Eyes $2,000 Target - MoneyCheck (2025)

TLDR

• Ethereum price is consolidating near $1,800 after a recent downward correction
• Technical analysis shows ETH trading above the 100-hourly Simple Moving Average
• ETH large holder netflows have spiked by 2682% in the past week
• ETH-backed ETFs recorded $157.09 million in net inflows after eight weeks of outflows
• Technical indicators suggest potential targets of $2,027 on the upside or $1,385 on the downside

Ethereum, the second-largest cryptocurrency by market cap, has been showing resilience despite recent price corrections. The digital asset is currently trading near the $1,800 level after experiencing a downward movement that took it as low as $1,746. Experts are now watching key resistance levels to determine if ETH is ready for a fresh increase.

The price action shows ETH trading above $1,770 and the 100-hourly Simple Moving Average, which is generally considered a bullish signal. However, there appears to be a connecting bearish trend line forming with resistance at $1,815 on the hourly chart of ETH/USD.

For traders looking at key levels, the first major resistance is located near $1,820. If Ethereum breaks above this level, it could potentially move toward the $1,850 resistance.

A clear move above $1,850 might push the price toward the $1,920 level. Should this momentum continue, ETH could reach the $1,950 resistance zone or even test the $2,000 mark in the near term.

Ethereum (ETH) is showing signs of a bullish continuation pattern, according to Analyst Trader Edge. If the breakout from the bull flag is confirmed, ETH could surge toward $2,100, signalling renewed bullish momentum.

Ethereum (yes Ethereum) looking bullish here…

A confirmed breakout of the bull flag could send $ETH to $2100 🚀 pic.twitter.com/n8FPpfRxSH

— Trader Edge (@Pro_Trader_Edge) April 29, 2025

Whale Activity Surges

On-chain data reveals a very interesting development: Ethereum whales are actively returning to the market. Large holder netflows have increased by an astonishing 2682% over the past seven days.

In cryptocurrency markets, “whales” refer to addresses holding more than 0.1% of an asset’s circulating supply. The large increase in whale activity suggests these major investors see value at current price levels.

This accumulation pattern often precedes price increases as these influential market participants tend to make moves based on long-term conviction rather than short-term market noise.

The whale accumulation comes at a time when ETH had been experiencing downward pressure, making their return to buying particularly noteworthy for market observers.

ETF Flow Reversal

Another positive sign for Ethereum is the reversal in ETF flows. After eight consecutive weeks of outflows, ETH-backed ETFs recorded $157.09 million in net inflows between April 21 and April 25.

This marks a significant shift in sentiment following over $700 million in outflows during the previous eight weeks. The return of institutional interest through ETF investments could help support ETH prices moving forward.

Institutional money entering through regulated investment vehicles often signals growing mainstream acceptance and can help stabilize price action in the longer term.

Technical Outlook

The technical indicators for Ethereum are showing mixed signals. The hourly MACD (Moving Average Convergence Divergence) for ETH/USD is gaining momentum in the bullish zone.

Similarly, the hourly RSI (Relative Strength Index) for ETH/USD is now above the 50 zone, indicating positive momentum.

On the other hand, if Ethereum fails to clear the $1,820 resistance, it could start a fresh decline. Initial support is near the $1,770 level, with major support at $1,750.

A break below these levels could send ETH toward deeper support at $1,650 or even $1,620. The next key support level sits at $1,550.

ETH’s positive Balance of Power (BoP) currently at 0.31 highlights resurgent demand. This indicator measures buying versus selling pressure, with positive values suggesting buying pressure outweighs selling pressure.

If the bullish momentum continues, analysts suggest ETH could rally back above $2,000 to reach $2,027. However, worsening market conditions could send the price down to $1,385.

For now, Ethereum trades in a consolidation phase as market participants watch for a breakout above key resistance levels that could confirm the next major move.