ETH may reclaim $2.2K ‘macro range’ amid growing whale accumulation

2 days ago

Ether needs to reclaim the “macro” scope supra the $2,200 people to amass much upside momentum arsenic crypto markets stay pressured by planetary macroeconomic concerns until astatine slightest the opening of April.

Ether (ETH) terms is down implicit 51% during its three-month downtrend aft it peaked supra $4,100 connected Dec. 16, 2024, TradingView information shows.

To signifier a reversal from thncoinglis downtrend, Ether terms needs to reclaim the “macro range” supra $2,200, wrote fashionable crypto expert Rekt Capital successful a March 19 X post:

“If terms tin make a beardown capable absorption here, past #ETH volition beryllium capable to reclaim the $2,196-$3,900 Macro Range (black).”

Meanwhile, Ether's open involvement surged to a caller all-time precocious connected March 21, raising capitalist hopes that ample traders are positioning for a rally supra $2,400.

Cryptocurrencies, DApps, Economy, Markets, Fees, Leverage, Futures, Market Analysis, Ether Price, Layer2, Ethereum ETF

Ether remains incapable to summation important momentum contempt affirmative crypto regulatory developments, specified arsenic the US Securities and Exchange Commission dropping the suit against Ripple.

Some analysts expect accepted and cryptocurrency markets to beryllium pressured by planetary commercialized war concerns until astatine slightest the opening of April, erstwhile countries whitethorn find a solution to the retaliatory tariffs.

ETH whales lone ones buying: Nansen analyst

While immoderate crypto traders often blasted ample investors, oregon whales, for marketplace downturns, these participants are simply “playing the marketplace successful immoderate direction,” according to Nicolai Sondergaard, a probe expert astatine Nansen.

The expert said during Cointelegraph’s Chainreaction regular X show connected March 21:

“The ETH whales successful the 10k to 100k person really been accumulating ETH, whereas everyone other has been dumping.”

The Crypto Debanking Crisis: #CHAINREACTION https://t.co/nD4qkkzKnB

— Cointelegraph (@Cointelegraph) March 21, 2025

The fig of addresses with astatine slightest $100,000 worthy of Ether started rising astatine the opening of March, from conscionable implicit 70,000 addresses connected March 10 to implicit 75,000 connected March 22, Glassnode information shows.

In comparison, determination were implicit 146,000 wallets with implicit $100,000 successful ETH equilibrium connected Dec. 8, erstwhile Ether's terms was trading supra $4,000.

Despite the imaginable for short-term volatility, investors stay optimistic for the remainder of 2025, VanEck predicted a $6,000 rhythm apical for Ether’s terms and a $180,000 Bitcoin (BTC) terms during 2025.