Ethereum Gaining Strength at Critical Levels: Old Investors are Also Moving

Ethereum (ETH) has successfully maintained its long-term rising trend support and has re-entered the range of $2,279–$2,993. Price stability in this area increases the potential for the leading altcoin to test the $3,000 resistance. As the technical outlook strengthens, slight movements from some large investor wallets that have been inactive for years are also noteworthy.

Rekt Capital: The Macro Trend is Still Strong

Popular technical analyst Rekt Capital stated in the weekly "Altcoin Bulletin" report that ETH has tested its multi-year rising trend support (green line) and made a strong bounce from there. This line has worked multiple times since 2022 and lifted the price again in June 2025.

With this rise, ETH has returned to the macro blue range defined as $2,279–$2,993. The current price is around $2,439. According to the analyst, as long as it stays within this range, Ethereum's technical stability is maintained, and there is a strong possibility of a move towards $3,000.

Rekt Capital states that if ETH closes the month above $3,000, the next target could be $4,000. However, for this rise to happen, the $3,000 level must first be surpassed and confirmed as support.

Macro Formation: Is a Triangle Breakout Approaching?

The short-term black resistance line is the trend line that has halted ETH's rises over the past 1.5 years.

The green downward line is an important resistance point connecting Ethereum's peaks over the years.

Lower support line, long-term rising trend line.

These lines form a macro triangle formation in the ETH chart. According to Rekt Capital, a breakout to the upside from this formation could indicate the beginning of a new long-term bullish trend in Ethereum.

Wallet that has been silent for 10 years is now active

In addition to technical signals, there are notable developments in on-chain data as well. According to Lookonchain data, an old investor who participated in Ethereum's ICO in 2015 moved their wallet for the first time in nearly 10 years.

This wallet had purchased 1,000 ETH for only $310 in 2015. At that time, 1 ETH was only $0.31. Today, the value of these assets is approximately $2.44 million. Interestingly, the wallet has made a transfer of only 1 ETH.

This small-scale transfer is interpreted as the investor testing the system or sending a message that they have "returned to the market." There is currently no selling signal; however, the movement of such old and high-volume wallets is among the developments closely monitored in the market.

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