eth-usd

Arslan Butt•Monday, January 6, 2025•2 min read

Ethereum (ETH) has witnessed extraordinary whale activity with over $603 million worth of ETH moved in a single hour, coinciding with a notable price surge.

The second-largest cryptocurrency by market capitalization is showing strong technical signals that some analysts believe could propel it toward ambitious price targets in 2025.

Major ETH Whale Movements Signal Market Interest

Blockchain surveillance tool Whale Alert noted six consecutive Ethereum transactions on January 4, 2025, each containing roughly 27,970 ETH (about $100.5-100.7 million). The overall movement of 168,000 ETH was about 6%, reaching $3,628 before settling at $3,575.

Ethereum’s Institutional Adoption Strengthens

With a startling $3.559 billion in overall inflows, BlackRock’s Ethereum ETF has become a major player in the institutional scene. The fund lately noted a single-day net inflow of $33.88 million, indicating high institutional demand in the digital asset. BlackRock is the 12th biggest Ethereum holder worldwide, with over 993,509.95 ETH, 0.12% of Ethereum’s total supply.

ETH/USD Technical Analysis Points to Bullish Momentum

ETH/USD

For Ethereum ETH/USD, technical indicators are pointing in good direction. Usually a positive indication, the cryptocurrency lately developed a golden cross and keeps great support above its 26 EMA. At 63.6, the current RSI points to ongoing positive trend devoid of overbought zone.

Ethereum Price Predictions and Market Outlook

Market analysts have identified several factors supporting potential price appreciation:

• The Estimated Leverage Ratio has reached peak levels, indicating strong trader confidence
• Institutional and retail demand remains robust
• Historical performance suggests February could be particularly profitable for ETH
• Technical patterns suggest a possible rally to $5,000 in the near term

Some analysts are projecting even more ambitious targets, with predictions ranging up to $14,000 based on pattern comparisons with MicroStrategy’s historical price action. A more conservative outlook suggests a potential rise to $10,450, representing a 265% increase from current levels.

Risk and Market Sentiment Analysis

Though the technical indications show promise, mood measures show a conflicting picture. The audience sentiment score at -0.55 and smart money sentiment at -2.03 indicate considerable caution among institutional investors according to market prophit data. But the rising market buy/sell ratio points to increasing future market bullish pressure.