Analysts are bullish despite the recent correction in Ethereum prices, eyeing a rally to $4K as the whale shows mixed behavior in accumulation.

Ethereum price has also seen a correction, but still performs strongly on the longer time frame.

Several analysts are still optimistic about the future of $ETH and indicate that the recent drop could provide a buying opportunity ahead of a possible rally to $4,000.

Analysts are bullish on Ethereum's price.

Despite the recent correction in the market, leading crypto analysts such as Michaël van de Poppe have optimistic expectations for Ethereum's price.

Price targets also suggest a potential rally to $4,000. ETH price performance is still positive, with a 57.2% gain over the past month.

Analyst Michaël van de Poppe noted what he calls a “buy the dip” zone. He indicated that prices below $2,400 offer an opportunity to accumulate "before the next move towards $4,000".

This perspective defines the current correction as a dip and not a reversal of the overall trend.

Another analyst known as the crypto titan emphasized Ethereum’s technical strength. "From an Achimoku perspective, as long as Cajun holds, ETH's uptrend continues.

It doesn't need to be overthought," the analyst noted. This technical analysis suggests that the fundamental structure of Ethereum’s bull run is intact despite short-term price fluctuations.

ETH whales start accumulating.

Crypto Rover pointed to on-chain data collected by large holders. He said that Ethereum whales that range between 10K and 100K $ETH are accumulating heavily.

This whale activity suggests that institutional and large investors are using the current correction as an opportunity to increase their positions.

On-chain data reveals inconsistent behavior among Ethereum's largest holders. While some whales are actively accumulating, others have chosen to exit positions at current levels.

"An ETH whale recognized and sold 7,000 $ETH ($16.88 million) at a loss a few hours ago," analytics platform Lookonchain reported.

This particular whale had previously withdrawn 13,479 ETH ($48.82 million) from crypto exchange Binance when Ethereum’s price was trading higher.

This is up from $3,622 per ETH between December 5, 2024 and January 13, 2025. Despite this substantial selling, the whale “still holds 6,479 ETH ($15.66M) on its position,” with a total loss of $16.28M.

In contrast, analyst Crypto Rover’s observations suggest that many large holders see the current price level as an opportunity rather than a cause for concern.

Interestingly, this gathering and prediction comes as the Ethereum Foundation has announced a trillion dollar security initiative.

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