- ETH shows signs of life after 4 red months, but $1500 still looms if bulls can’t hold key support.
- Whale activity spikes, including a 2017 OG cashing out 5001 ETH for $8.6M profit.
- Break above $2100 could spark a bullish move — fail, and Altseason hopes might vanish.
Ethereum’s been stuck in the red for four straight months. Kinda brutal. But now, finally, there’s a flicker of green on the chart. It’s not much, but enough to get the hopium flowing again. Some traders are whispering about a “green quarter.” Maybe. Depends who you ask.
Meanwhile, the whole market’s still on edge—lots of eyes on Trump’s looming tariffs and what they might do to global markets. Despite the noise, ETH’s showing some fight. A little strength peeking through the fog.
Sure, that $1500 downside target is still on the table (can’t ignore it), but there’s also this feeling… like we’ve seen this movie before. Kinda like 2018, or 2022. A string of nasty red candles—then boom. Huge reversal. Is this one of those? Or are we just getting baited?
Whales Stirring, OGs Tapping Out
In the past week or so, ETH hasn’t exactly been making big moves. It’s mostly just been grinding between $2000 and $2100, not quite dead, not quite alive. That’s usually the kind of range that makes people nervous.
And now we know why—selling pressure has been off the charts.
Ali, a well-known analyst in the crypto space, flagged a big selloff: over 760,000 ETH dumped in just two weeks. That’s a lot of downward weight.
And here’s a twist—a real-deal Ethereum OG, one of the early adopters who scooped up 5001 ETH back in 2017 at just $277 a piece, has exited. Sold it all. Gone.
According to Lookonchain, the whale started unloading a month ago. The result? Over $8.6 million in profit from an original $1.36M investment. Not bad at all.
But the wildest part? He didn’t sell at the 2021 peak when ETH pushed past $4800. Could’ve pulled in more than $23M. So… why now? Maybe he saw something we don’t. Maybe he’s just done. Or maybe he got a better deal somewhere off-chain. Who knows.
$2500 ETH: The Start of Altseason? Or Just Another Bull Trap?
ETH’s been getting dragged down by back-to-back bearish candles for weeks now. Every time it tries to get up, it slips. So the idea of a return to $4000? Yeah, that’s been fading fast.
Right now, just holding $2000 is a fight. Bulls are trying to build momentum, but it’s like they’re pushing a boulder uphill—and slipping half the time.
That said, ETH just bounced from a key support zone. A real one. If that bounce holds, we might finally have the beginning of a breakout forming. Big “if,” though.
All Eyes on the Trendline and EMA
Zooming out to the weekly chart, ETH still looks like it’s trying to stay above this ascending trend line—the same one it’s been following since late 2020, when it broke out past $800. That trendline’s been tested a few times now, and bulls are fighting tooth and nail to keep ETH above it.
If price can climb past $2081, and then close solidly over $2100, we could see it test higher resistance levels in short order. It’s not moon-talk yet—but it’s something.
Another technical piece to watch: the 200-day EMA. ETH’s gotta break that if we’re gonna start talking “bullish continuation” with a straight face. On top of that, the weekly RSI just formed a double bottom, which is usually a solid bullish signal.
But If It Breaks Down… It’s Back to $1500
Let’s not get ahead of ourselves—if ETH can’t hold, and that support cracks? We’re probably heading back down to $1500, and if that happens… any dreams of an Altseason might be toast. For now, at least.
