Ether (ETH) surged 7% in the last day, regaining its 50-week moving average (MA) near $3,300, a signal that has historically preceded significant price increases.
Key highlights:
Ethereum seems to have established a floor around $2,800, indicating a potential local bottom.
Ether’s price previously doubled after reclaiming the 50-week moving average.
Ethereum investors accumulated nearly 1 million ETH over the past 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 $2,800 support, rising 20% to the current price of $3,362.
This breakout has allowed Ether to reclaim a crucial trendline — the 50-week exponential moving average (EMA), boosting the probability of a more significant increase in the coming days or weeks.
Related: Ethereum ‘smart’ whales initiate $426M long bets as ETH price chart eyes $4K
Past occurrences show that ETH typically experiences sharp increases when the price closes above the 50-week EMA (purple wave). The altcoin witnessed gains of 147% between October 2023 and March 2024 and 97% in Q3 2025.
“$ETH is back above its 50-day MA. I would love to see a break above the 200-day MA at $3,500 in the coming days with the bulls flipping this area as support,” noted investor StockTrader_Max in a Tuesday post on X, adding:
“Once flipped to support, the ATH’s at $5,000 become the next target!”
Analyst CyrilXBT remarked that the “50-week MA is now a crucial line to maintain” to enhance the likelihood of a push toward the $4,000 mark.
As reported by Cointelegraph, the ETH price has concluded its five-month downtrend against Bitcoin, suggesting a 170% gain to 0.09 BTC in less than two months.
Increased whale buying supports ETH price
Ether’s bullish trend on Wednesday followed a surge in acquisitions from large investors.
“Ethereum is a notable gainer today, rising +8.5% and demonstrating a positive accumulation pattern from whales and sharks,” stated market intelligence firm Santiment on Tuesday.
The accompanying chart illustrates that these investors have accumulated approximately 934,240 ETH, valued at $3.15 billion at current prices, over the previous three weeks, while smaller holders have sold 1,041 ETH in the last seven days.
“Ethereum rebounds to $3,400 with an ideal setup of whale and shark accumulation, but retail investors are selling.”
Additional data from CryptoQuant reveals that whale wallets maintaining between 10,000 ETH and 100,000 ETH have reached unprecedented balances, with wallets holding over 100,000 ETH also increasing their holdings, signaling bullish sentiment among larger holders and institutions.
The resurgence in whale interest corresponds with a rise in demand for spot Ethereum ETF flows, which recorded $177 million in inflows on Tuesday, marking the highest since October 28, according to SoSoValue.
The ETH Coinbase Premium Index, reflecting US investors’ interest, remained positive over the last week after being negative for about a month. This indicates a resurgence in demand from US investors, which could push ETH prices 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.
