#EthereumFuture Ethereum (ETH) has faced significant downward pressure, with its price declining over 55% from December highs, currently trading below $1,900. This downturn is attributed to macroeconomic uncertainties, including U.S. trade policies and global financial instability. [1]

Despite this bearish trend, on-chain data reveals that Ethereum whales have been actively accumulating ETH. Notably, over 130,000 ETH were added to whale wallets in a single day, indicating a potential bullish outlook among major investors. [1]

Analysts suggest that such accumulation during market downturns often precedes price rebounds, as reduced exchange supply can lead to upward pressure on prices. However, Ethereum still faces significant resistance levels, and a confirmed trend reversal would require reclaiming key price points. [2]

In summary, while Ethereum's short-term outlook remains uncertain amid broader market challenges, the recent whale accumulation could signal confidence in its long-term potential.