Key Insights:
- Ethereum whales added 130,000 ETH, signaling confidence amid market uncertainty.
- Ethereum futures open interest stays high, indicating continued trader optimism.
- Analysts predict Ethereum could reach $10,000 by 2025, following past trends.
Ethereum’s price has recently experienced notable volatility, peaking at around $1,920 in late March before falling to just below $1,760 by April 3. This fluctuation reflects ongoing market uncertainty, driven by macroeconomic concerns and shifting sentiment.
At the time of writing, Ethereum trades at $1,802.34, up 2.45% in the past 24 hours but down 5.86% over the last seven days.
The recent price decline corresponds with broader market turbulence, largely triggered by President Donald Trump’s announcement of new trade tariffs on April 2. Aimed at reducing the U.S. trade deficit and stimulating domestic production, the tariffs rattled the crypto market and contributed to Ethereum’s sharp decline.
Despite this downturn, Ethereum whales appear unfazed, continuing to accumulate the asset.
Whale Activity and NetFlow Suggest Confidence
Ethereum whales have been actively buying the dip. According to IntoTheBlock, the largest Ethereum wallets accumulated over 130,000 ETH in the last 24 hours. This surge in accumulation signals that large holders remain confident in Ethereum’s long-term outlook.
Data from Lookonchain further highlights this trend, revealing that one particular whale purchased 6,488 ETH at $1,772 on April 3. Additionally, Ethereum’s large holder NetFlow has remained positive for most of the past week, signaling continued confidence among significant players in the market. The only notable outflow occurred on March 30, further suggesting that large investors are not overly concerned with short-term price declines.
Surging Open Interest
Open interest for Ethereum rose to $20.63 billion, according to data from Coinglass although it retraced to $20.31 billion at the time of this report. That suggests that traders are still engaged with Ethereum while it experiences volatility.
Meanwhile, Ethereum’s futures market also seems positive despite a negative funding rate of – 0.0050%. Long term holders are receiving payments for their bullish positions, implying a price rebound after market stabilizes.
Ethereum’s Future Trajectory: Analysts Forecast Potential Growth
Although Ethereum has been declining in value recently, analysts are not pessimistic about the long term. Ethereum’s dominance has been crucial, according to the analyst Rekt Capital, falling from 20% in June 2023 to 8%.
When Ethereum’s dominance has dropped to these levels in the past, it has gone ahead to recover and become more dominant in the market. This trend raises the question of whether Ethereum will once again reverse its course and gain market dominance.
That said, some experts are even more bullish in their forecasts regarding Ethereum’s future. Crypto Elites predicts with a chart that Ethereum can go as high as $10,000 by 2025.
The prediction aligns with previous Ethereum cycles. The cryptocurrency surged to all-time highs in both 2017 and 2021, followed by pullbacks and renewed rallies. If this pattern holds, Ethereum could be preparing for another major upward move.
With a current price of just under $1,800 and growing institutional interest, analysts believe Ethereum could surpass its $4,000 ATH and potentially hit new highs by 2025—making it one of the key digital assets to watch.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Olivia Stephanie is a FinTech enthusiast with a keen understanding of financial markets. Her passion for economics and finance has led her to explore emerging blockchain technology and cryptocurrency markets.
