Ethereum ($ETH), with a %9 drop on Friday morning, affected approximately 80,000 investors, leading to a total liquidation of $298 million. While panic prevails in the market, large institutional players and experienced investors view prices below $2,500 as attractive buying opportunities.

Due to the severe sell-offs in the general cryptocurrency market, Ethereum quickly fell from $2,771 to $2,443 and then sought balance around $2,550 in the short term.

As concerns about increasing trade wars emerge as the main reason for the selling pressure, experienced investors view this sharp decline as a 'discount opportunity' and re-entered the market.

Ethereum Sees $35.22 Billion Open Interest Surge: Institutions Buy on the Dip

Despite the wave of selling in the Ethereum market, the amount of open interest reached $35.22 billion in the last 24 hours. New Ethereum positions worth an average of $4 billion are being opened daily on major exchanges such as CME, Binance, Gate, and Bitget. This indicates that fresh capital continues to enter the market and traders are taking active positions.

Especially the fact that an Ethereum whale opened a long position of $16.6 million during the downturn indicates a strong bullish expectation.

Additionally, the world's largest asset management company, BlackRock, has continued its daily Ethereum purchases for the past two weeks. According to Arkham Intelligence data, BlackRock accumulated $570 million worth of ETH in the last 14 days, reaching a total of 1.5 million ETH ($3.83 billion).

In addition, SharpLink Gaming purchased 176,271 ETH for a total of $463 million, becoming one of the largest public Ethereum investors.

Ethereum Spot ETFs Set Record: DeFi Adoption is Rising

Ethereum spot ETFs have recorded positive inflows for 29 consecutive days for the first time since their launch. The SEC's softer approach towards DeFi protocols and Ethereum's critical infrastructure role in the decentralized finance (DeFi) ecosystem is rapidly increasing institutional investor interest.

On the other hand, the supply of Ethereum on exchanges has fallen to its lowest levels in the last eight years. This supply contraction may pave the way for a strong short-term price increase. Many analysts and investors believe that under the influence of these trends, ETH could exceed $4,000 by the end of 2025.

CLS Global, one of the significant players in the market, is more ambitious; predicting a target of $5,400 for ETH in the short term, and $7,000 by 2027 in the long term. These predictions indicate that Ethereum has strong upward potential from current levels.

Technical Outlook: Ethereum in Consolidation Zone

On Ethereum's daily charts, there is a wide consolidation band between $2,300 and $2,700. Currently, the price is testing towards the lower boundary of this band.

With the strong rise at the end of 2024, ETH rose from $1,800 to $2,900 and then entered this horizontal consolidation phase.

The recent wave of selling has pulled the price back to the critical $2,500-$2,550 support zone. This area is significant; because if ETH permanently falls below this level, a downward movement may begin as the consolidation breaks.

In this scenario, there is a risk that the price could first decline to $2,300, and then around $2,000. On the other hand, if support remains strong, Ethereum could recover and the $2,700-$2,800 band would be highlighted as the first upward targets.

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