Ethereum (ETH) shows strength, actively testing the significant $1,600 price level after market volatility
Major network upgrades, Pectra (May) and Fusaka (late 2025), promise to boost ETH scalability and utility
These fundamental improvements via upgrades underpin a bullish outlook, holding ETH price gains
Ethereum (ETH) sits at a key point right now wherein investors are weighing the heavy whale selling and low network activity against upcoming technical upgrades against hopes of a price recovery.
Data shows whales have offloaded a massive 143,000 ETH (~$229 million) just last week. That kind of selling often signals caution among major market participants.
Whales have offloaded 143,000 #Ethereum $ETH over the past week! pic.twitter.com/n8cmwyUpER
— Ali (@ali_charts) April 17, 2025
After a rough month that saw prices tumble by 15%, ETH is trying to regain its footing, currently trading at $1,606.74, up nearly 2% in the past 24 hours, shows CoinMarketCap data.
With major upgrades like Pectra and Fusaka planned for this year, traders and long-term holders wonder if ETH will be able to push above $2,000 in the near future.
What Does Ethereum’s On…
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