- Ethereum gained nearly 9%, trading at $4,510 with whale accumulation boosting sentiment.
- Fibonacci levels show a path toward $4,950–$5,200 if resistance is cleared.
- Support remains strong above $4,100, keeping ETH’s short-term outlook bullish.
Ethereum wrapped up the week with a solid move, finishing around $4,510 after gaining nearly 9%. The coin held a steady trading range between $4,088 and $4,616, showing clear resilience in a market that’s been shaky for months. What really caught attention was whale activity—close to 800,000 ETH was scooped up by large holders, according to data shared by market watcher Ali. That kind of accumulation usually points to stronger institutional conviction, hinting that Ethereum’s long-term narrative is alive and well.
Whale Accumulation Boosts Ethereum Market Sentiment
The steady climb reflects renewed confidence in DeFi and Ethereum’s growth prospects. Consistent trading above $4,100 highlights healthy demand at lower ranges, building a sturdy floor for future gains. Technically, Ethereum’s structure is shaping up nicely, with buyers establishing a base that could pave the way toward fresh highs if momentum continues.
Fibonacci Levels Signal $4,950–$5,200 Target for ETH
Looking at the Fibonacci retracement levels, resistance sits near $4,742, right around the 0.236 marker. Breaking that range could put $4,950 in play, and possibly $5,200 where heavier selling pressure might kick in. On the flip side, first support sits near $4,120 and deeper backing at $3,850. Falling below both could drag ETH toward $3,500, though current strength makes that scenario less likely. The RSI reading of 63 shows there’s still room to run before overbought conditions. Meanwhile, the MACD is bullish too—the main line remains well above the signal line, with widening histogram bars signaling strong momentum.
Short-Term Ethereum Outlook Remains Bullish Above $4,100
For now, the short-term outlook leans bullish. Traders are watching whether ETH can keep closing above $4,500, which could set up a rebound toward the $5,000–$5,200 zone. As long as support holds north of $4,100, the bigger trend remains intact, pointing toward a potential local high in the coming weeks. Small corrections are likely along the way, but overall, Ethereum looks set for another leg higher in its 2025 cycle.
