EthereumPrice

Ethereum has just recorded its largest single-day accumulation inflow in history, with 449,000 ETH entering accumulation addresses on April 22, despite the cryptocurrency's price falling to the $1,400 range. The massive inflow, worth roughly $786 million at an average price of $1,750, points to strong conviction among long-term holders, even amid a broader market downturn. This marks the highest level of accumulation since 2018, signaling growing confidence in Ethereum’s future. However, these addresses' realized price is $1,981, meaning many of these holders are currently underwater, raising questions about the short-term upside potential.
Active Addresses Rise, But DeFi Activity Still Lags
Network fundamentals show positive momentum, with active Ethereum addresses climbing from 306,211 to 336,366 between April 20 and 22, a 10% increase. This uptick aligns with the accumulation trend, reinforcing bullish sentiment.
Yet, DeFi activity remains stagnant. According to DefiLlama, DEX volume has plateaued, with weekly transactions averaging 1.3 million, reflecting weak user engagement across DeFi protocols. This divergence between network use and investor accumulation creates an uncertain backdrop for Ethereum's next move.
$1,895 Emerges as Key Resistance
Ethereum now faces a major resistance level at $1,895, highlighted by a concentration of 1.64 million ETH accumulated during November 2024, according to the Cost Basis Distribution (CBD) heatmap. This is further reinforced by technical resistance at the 50-day exponential moving average (EMA)—a zone that typically defines trend direction.
If Ethereum fails to break this level, bearish pressure could mount, especially as ETH remains locked in a macro downtrend. A daily close above $2,142 is essential to invalidate the pattern of lower highs and lower lows and to initiate a meaningful recovery.
Bearish Fractal Sparks Caution Below $1,400
Prominent crypto trader Rektproof warns that Ethereum might be forming a bearish fractal—a repeating chart pattern that previously preceded sharp declines. Ethereum could retest or break below $1,400 if the pattern plays out, especially if broader market sentiment weakens.
While accumulation data suggests strong long-term interest, Ethereum’s path to recovery is fraught with challenges, from weak DeFi momentum to structural resistance. Traders and investors are advised to monitor price action closely, especially as macroeconomic pressures and technical signals collide.
The post appeared first on CryptosNewss.com
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Justin Sun, the founder of Tron, has given a bold prediction for Ethereum, suggesting it could hit $5,000 by July. His prediction comes in advance of a huge milestone in the history of this currency, its 10th anniversary, which is going to be celebrated globally on July 30, 2025.
A Special Date for Ethereum and Justin Sun
In a recent post on X (formerly Twitter), Justin Sun discussed an interesting personal detail, which is that his birthday is on July 30. It is the same day ETH launched in the year 2015. This year, the date is extra special as it marks 10 years since the Ethereum Genesis block was mined.
Sun joined his message to this milestone and said he hopes ETH will go $5,000 by then. Although he didn’t give a fixed timeline, he hinted that this target could be achieved around his birthday. The statement quickly caught attention and brought excitement in the community.
ETH's 10th Anniversary Celebration
To mark the journey of 10-years, the Foundation has announced a global meetup series scheduled for July 30, 2025.
These are simple meetings or larger meetups with scheduled discussions and activities. In order to promote activity, the ETH Ecosystem Support Program is providing up to $500 per event to organizers. Interested applicants need to apply by June 15, 2025.
A History of Growth and Innovation
The currency came out in 2015 and brought smart contracts to the planet. Smart contracts enabled developers to program decentralized applications (dApps), which operate without a middleman. The crypto coin has emerged as one of the most significant blockchain platforms around the globe over the past decade.
Even though he is a founder of a rival platform Tron, Justin has never lost sight of ETh activities. He has also expressed in the past that he will continue to hold ETH, even in the time of price dips. His latest prediction of $5000 showcases that he believes in the strong potential of currency.
Ethereum’s Price and Challenges
At the time of Sun’s post, As per the CoinMarketCap, Ethereum was trading at $1,769.23, a slight 1.06% drop in the last 24 hours.
Although the Sun’s forecast of price rise is hopeful, everyone does not agrees with this. Critics suggest that the platform still faces major issues like high gas fees, overloading of the network, and slower speed of transactions. Such challenges make it difficult for people to use for everyday utility.
Nevertheless, the ETH community is hopeful. Most think that the soon-to-be-released "Pectra" upgrade will correct some of these issues and make the platform stronger.
Final Thought
Justin Sun's $5,000 Ethereum forecast has injected some extra energy into already exciting times for the ecosystem. As the 10th anniversary of the platform is going to come, the whole crypto community will be watching. The whole community is going to notice if ETH can hit this huge target. Whether it hits the target or not, the celebrations of 30 July will ensure uniting users, developers and crypto enthusiasts to appreciate one of the most important aspects of the industry.

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Ethereum ($ETH ), the second-largest cryptocurrency by market capitalization, is showing promising signs of a potential breakout. According to a prominent crypto analyst, Ethereum could climb as high as $6,500, representing an impressive 82% gain from its current price. This prediction is rooted in Ethereum’s historical price action and a classic technical analysis pattern known as the Ascending Channel.
The Ascending Channel: A Bullish Setup
The Ascending Channel is a well-known technical pattern where asset prices consolidate between two upward-sloping parallel trendlines. The upper trendline acts as resistance, while the lower trendline serves as support.
Ethereum’s price has been moving within such a channel over the last two years, showcasing a consistent trend of higher highs and higher lows. Here's why this pattern matters:
Support and Resistance: The bottom line of the channel provides a strong support level, preventing sharp declines, while the top line offers resistance that $ETH must break to trigger a significant rally.
Bullish Breakout Potential: If Ethereum breaks above the top line of the channel, it could ignite a powerful upward move, signaling a continuation of its long-term bullish trend.
Ethereum's Recent Price Action
The analyst highlighted key moments in Ethereum's price history that align with the Ascending Channel:
1. Q1 2024 Retest of the Top Line: Ethereum tested the upper resistance of the channel during its Q1 2024 rally. However, it was rejected, leading to a pullback toward the lower channel line.
2. Resilient Support at the Bottom Line: Despite multiple attempts to break below the lower channel, Ethereum held firm, rebounding each time and maintaining the bullish structure of the Ascending Channel.
3. 2023 Midway Rejection: Ethereum’s price failed to reach the top of the channel, instead facing rejection midway, which caused a retracement to the bottom line. This retest, however, laid the foundation for a renewed upward surge.
What Could Propel Ethereum to $6,500?
Ethereum is currently trading within the middle range of the Ascending Channel, and several factors could catalyze a move toward the predicted $6,500 price target:
1. Break Above $2,800
The analyst points out that a decisive move above $2,800, a critical resistance level, could set the stage for a sustained rally. This breakout would confirm Ethereum’s bullish momentum and open the door for further gains.
2. Renewed Network Activity
Ethereum’s network activity has been increasing, with more transactions and smart contract usage signaling growing adoption. This increased utility could drive demand and price appreciation.
3. Institutional Interest
Institutional investors have been steadily accumulating Ethereum, recognizing its potential as a cornerstone of the decentralized financial ecosystem. Continued institutional inflows could fuel upward price pressure.
4. Macro Trends and Market Sentiment
A broader crypto market recovery, coupled with favorable macroeconomic conditions, could create a supportive environment for Ethereum’s price to climb higher.
Key Levels to Watch
For Ethereum to reach $6,500, it must navigate through several critical price levels:
$2,800: A breakout above this resistance could spark bullish momentum.
$4,000: The next psychological barrier that $ETH must overcome.
$6,000: A key milestone before reaching the upper channel target of $6,500.
Conversely, a break below the lower channel line would invalidate the bullish setup, potentially leading to a retest of lower support levels.
Why $6,500 Is Achievable
Ethereum’s price prediction of $6,500 is based on its historical behavior within the Ascending Channel. A move to this level would represent an 82% gain from its current price, aligning with the cryptocurrency’s long-term upward trend. Moreover, Ethereum’s role in powering decentralized applications and smart contracts positions it as a vital player in the blockchain space, ensuring sustained demand.
Final Thoughts
Ethereum’s Ascending Channel pattern presents a compelling case for a bullish breakout. With key support at $2,800 and a potential rally toward $6,500, Ethereum could deliver substantial gains in the coming months. However, as with any investment, risks remain, and traders should closely monitor price action and market conditions.
As the crypto market stabilizes, Ethereum’s performance within this channel will be critical in determining its trajectory. Will ETH break out and reclaim its bullish momentum, or will it face further consolidation? Only time will tell, but the outlook remains optimistic for now.
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Today, December 13, 2024, Ethereum ($ETH ) continues to maintain its bullish momentum as it trades at around $3,933.96, with a slight increase of 0.2% in the last 24 hours. However, if we look at the price action over the past week, we find that Ethereum has seen significant volatility. It recorded its highest price on December 9 at $4,015.78, and then declined to $3,626.59 on December 11, reflecting the market instability during this period.

$ETH

Ethereum (ETH) is currently navigating a crucial phase in its market cycle, with analysts closely watching its price movements. Crypto expert Max has emphasized that Ethereum is at a make-or-break moment, where a failure to sustain key technical levels could lead to further downside pressure. However, despite recent turbulence, market confidence remains strong, and some analysts foresee a bullish breakout ahead.
Ethereum’s Price Testing Key Support Levels
ETH recently dipped below the $3,000 mark, sparking concerns among traders. According to Max, Ethereum needs to complete its well-known "three-drive pattern" to avoid entering a prolonged bearish phase. If ETH fails to hold its ground, the next major support level sits around $2,400, potentially signaling further losses if selling pressure intensifies.
Adding to the uncertainty, Max highlighted a worst-case scenario in which Ethereum drops below $2,800, aligning with a possible correction in Bitcoin. However, the broader market still holds a cautiously optimistic outlook, as institutional players and crypto whales continue accumulating ETH, demonstrating faith in its long-term potential.
Potential Scenarios: A Breakout or Extended Consolidation?
Another respected analyst, Wolf, presents a more optimistic outlook. He believes Ethereum is undergoing a phase of strategic accumulation, where large investors are positioning for a future rally. Wolf projects a potential breakout towards $4,000 by late February, followed by a strong upward trend in March.
His forecast outlines an ambitious target of $5,000 in early March, with a subsequent rally pushing ETH to $6,500 by April. While short-term volatility remains, he predicts a correction phase lasting two to three weeks, before Ethereum potentially surges to $9,500–$10,000 in the months ahead.
Final Thoughts: Is Ethereum Poised for a Reversal?
At present, Ethereum trades around $3,100, reflecting a modest 2% decline in the last 24 hours. While short-term uncertainties persist, rising transaction volumes and institutional interest suggest that ETH could be preparing for its next major move. Whether it rebounds strongly or experiences further pullbacks will depend on how well it holds key psychological support levels. For investors, closely monitoring market trends in the coming weeks will be crucial.
💬 What’s your Ethereum price prediction? Will ETH break past resistance or test lower levels first? Share your thoughts below! ⬇️🔥
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