Key Notes

• The TD Sequential indicator flashes a buy signal for ETH.
• A whale withdraws over $3M worth of ETH from Bitget, signaling long-term confidence.
• Trader Merlijn warns that missing this accumulation zone might be a major 2025 misstep.

Ethereum

ETH
$1 647

24h volatility:
3.4%

Market cap:
$198.82 B

Vol. 24h:
$10.48 B

is showing signs of life again, recording a 2.5% price surge in the past 24 hours. This surge comes as the TD Sequential indicator flashes a buy signal, noted by popular crypto analyst Ali Martinez.

Martinez believes this week could be important for the world’s second-largest cryptocurrency.

The rise in Ethereum whale activity supports this view. According to LookonChain, a major whale recently withdrew 1,897 ETH (worth over $3 million) from Bitget, indicating a move toward self-custody.

Since April 3, this same whale has withdrawn a total of 3,844 ETH valued at $6.51 million, suggesting long-term confidence in Ether price potential.

Related article: 62,181 Ethereum Moved from Galaxy Digital to Binance, What is Happening?

CryptoQuant data also highlights a decline in ETH held on exchanges, now at levels last seen in October 2024, right before Ethereum climbed toward $4,000. This drop in supply typically hints at reduced selling pressure and an upcoming price lift-off.

Popular crypto trader Merlijn also hinted bullish signal on X, suggesting that the ETH price is “about to launch”. He warned that ignoring this accumulation phase could be “the biggest mistake of 2025”.

At the time of writing, Ether is trading around $1,648 with a market cap of $198.6 billion. On the daily ETH price chart, the RSI currently sits at 45.49, climbing out of oversold territory but still leaving plenty of room before for bulls.

Ether price chart | Source: TradingView

The price is testing the middle Bollinger band (20-day SMA), currently around $1,632. A clean breakout above the midline and eventual test of the upper band near $1,827 would suggest stronger bullish momentum.

However, if Ether fails to hold the middle band, the lower band at $1,437 would act as the key support level.

The MACD indicator has recently started turning bullish, with the MACD line above the signal line. Meanwhile, green histogram bars also hint at bullish momentum.

Ether price chart | Source: TradingView

Key resistance remains at $1,830 and $2,000, with a crucial supply wall at $2,330, beyond which Martinez predicts a bull rally.

Crypto commentator Tom Tucker pointed out on X that Ethereum is closely tracking global liquidity trends — another sign that the crypto could be “ready to lift off”.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Parth Dubey

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

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