Ether (ETH) rose by 7% in the last day, surpassing its 50-week moving average (MA) near $3,300, a situation that has historically indicated significant price rallies.
Key takeaways:
Ethereum appears to have established a support level around $2,800, indicating a potential local bottom.
Ether’s price previously surged 100% after reclaiming the 50-week moving average.
Ethereum whales have accumulated nearly 1 million ETH over the last three weeks.
Previous breakouts resulted in 97%-147% ETH price increases
Data from Cointelegraph Markets Pro and TradingView indicates that the ETH/USD pair rebounded from the $2,800 support, increasing 20% to the current price of $3,362.
This breakout has enabled Ether to reclaim a crucial trendline—the 50-week exponential moving average (EMA)—significantly enhancing the likelihood of a more substantial price increase in the upcoming days or weeks.
Related: Ethereum ‘smart’ whales initiate $426M long positions as ETH price chart targets $4K
Past trends suggest that ETH tends to rise dramatically when it closes above the 50-week EMA (purple wave). The altcoin experienced gains of 147% between October 2023 and March 2024 and 97% in Q3 2025.
“$ETH is back above its 50-day MA. I would like to see a breakthrough above the 200-day MA at $3,500 in the upcoming days, with bulls converting this area into support,” noted investor StockTrader_Max in a post on X, adding:
“Once this area is flipped to support, the all-time highs at $5,000 will become the next target!”
Analyst CyrilXBT mentioned that the “50-week MA is now a critical line to maintain” to bolster the chances of a move towards the $4,000 level.
As Cointelegraph reported, ETH has concluded its 5-month downtrend against Bitcoin, projecting a 170% increase to 0.09 BTC within two months.
Whale accumulation signals bullish sentiment for ETH price
Ether’s positive momentum on Wednesday is preceded by heightened accumulation from large investors.
“Ethereum is a notable gainer today, rising +8.5% and exhibiting a promising accumulation pattern from whales and sharks,” reported market intelligence firm Santiment on Tuesday.
The corresponding chart indicates that these investors have acquired around 934,240 ETH, valued at $3.15 billion at current rates, over the last three weeks, whereas smaller holders have sold approximately 1,041 ETH in the past week.
“Ethereum rallies back to $3,400 with an ideal setup of whale and shark accumulation, while retail investors are selling.”
Additional data from CryptoQuant reveals that whale wallets holding between 10,000 ETH and 100,000 ETH have reached all-time high balances, with those containing more than 100,000 ETH also increasing their holdings, suggesting bullish sentiment among larger holders and institutions.
The rise in whale interest coincides with an increase in spot Ethereum ETF inflows, which recorded $177 million on Tuesday, the highest amount since October 28, according to data from SoSoValue.
The ETH Coinbase Premium Index, an indicator of US investors’ activity, remains positive over the past week after being negative for about a month. This suggests a resurgence in demand from US investors, which could drive the ETH price higher.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
