Ethereum Price Today: $2,580
- Exchange supply drops to lowest since August 2024, signaling dominant bullish momentum.
- Whales intensify accumulation, adding 670K+ ETH in nine days.
- ETH consolidates near $2,500 amid neutral market bias.
Ethereum (ETH) rose 2% during Thursday’s Asian trading hours, reclaiming the $2,500 threshold as whale demand surged.
Whale Activity Shrinks Ethereum Exchange Supply
Ethereum’s exchange reserves fell further to 18.73 million ETH on Wednesday, reflecting sustained spot-market buying pressure. Since April 24, over 1 million ETH has moved from exchanges to private wallets—likely for long-term holding. This reduced exchange supply to its lowest level since August 2024, partly explaining ETH’s upward price trajectory.
| Metric | Data | Source |
|-----------------------|-------------------------------|----------------|
| Exchange Reserve | 18.73M ETH (lowest since 8/24)| CryptoQuant |
| Whale Accumulation | +670K ETH (9 days) | CryptoQuant |
Whales (10K–100K ETH holders) drove most buying activity, while smaller addresses distributed 110K ETH. Despite spot dominance, ETH continues ranging near $2,500. Futures data shows heightened trading volume around this level, making it a pivot for ETH’s next trend.
👉 Why $2,500 is ETH’s make-or-break level
Ethereum Price Forecast: Awaiting a Catalyst
Ethereum futures saw $106.52M** in liquidations (24h), with longs ($56.2M) slightly outweighing shorts ($50.32M). After briefly testing $2,600, ETH faces resistance at the 200-day SMA**. Bulls aim to hold $2,500+ for upward momentum.
Key Levels to Watch:
- Upside Breakout: $2,850 → $3,250 (next resistance)
- Downside Risk: Below $2,100 → $1,688 (support)
Technical Indicators:
- RSI: Neutral zone, hinting at weakening bullish momentum.
- MACD: Testing its signal line; potential bearish crossover if histogram turns negative.
FAQ: Ethereum Price Trends
Q: Why is ETH’s exchange supply significant?
A: Declining exchange reserves suggest reduced selling pressure, often preceding price rallies.
Q: How do whale purchases impact ETH’s price?
A: Large accumulations signal institutional confidence, potentially driving sustained upward moves.
Q: What’s ETH’s next critical resistance?
A: A daily close above $2,850 could confirm bullish momentum toward $3,250.
👉 How to trade ETH’s key levels
Final Note: ETH’s consolidation near $2,500 reflects a balance between whale demand and cautious retail interest. A decisive breakout—supported by volume—will dictate its next major move.
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