- Whales buy 16K ETH worth $32M after price dip
- Analysts eye $15K Ethereum target post-April
- Key ETH support holds at $1,874 amid recovery
Ethereum’s recent price dip has drawn attention from large investors, with whales accumulating substantial amounts of ETH after the Pectra upgrade on the Hoodi testnet. Data from Lookonchain shows that nearly 16,000 ETH, worth around $32 million, was withdrawn from major exchanges.
This accumulation follows a sharp decline in Ethereum’s price, which dropped almost 12% in four days. Market participants are now watching for a potential bullish breakout, with analysts setting long-term targets as high as $15,000.
Long-Term Outlook Targets $15,000
Market experts remain optimistic about Ethereum’s future price movements. The macro breakout prediction for Ethereum after April comes from Crypto Patel based on historical market cycle analysis with on-chain data integration. The expert Michaël van de Poppe highlights the significance of crossing $2,150 as it would start a bigger market uptrend.
The future expansion of Ethereum depends on possible regulatory transformations occurring in the market. Etheruem ETF staking is likely to undergo examination by the U.S. SEC due to potential institutional investment opportunities. An administrative approval would possibly lead to increased price levels according to expert predictions reaching up to $15,000.
With whale accumulation continuing and key technical levels being tested, Ethereum’s price movement remains a focal point in the cryptocurrency market. Investors are watching closely for signs of a sustained recovery as bullish sentiment builds.
Whale Accumulation Signals Renewed Confidence
Ethereum’s latest price movement has been accompanied by significant whale activity. Major investors draw funds from exchanges because they expect future profits will grow larger. Strong market demand is typically predicted by whale movements because whales tend to buy during periods of price correction.
Technical analysis indicates that Ethereum’s key support level remains at $1,874, with a critical barrier at $1,500. Experts believe that Ethereum might recover its previous performance as Bitcoin maintains stability while avoiding price depreciation. An increase in buying pressure brings Ethereum closer to reaching the $2,000 psychological level in the near future.
