Ah, Ethereum. The poor soul caught between whale embraces and a stubborn price ceiling. This week, the digital gold of the crypto world seems to be struggling to reclaim the illustrious $3,000 level, despite being under the watchful eye of some very, very deep-pocketed investors.
At a modest $2,533.31, Ethereum is feeling a little under the weather, down 2% in the past 24 hours and a casual 10% in the last week. It’s like that guy at a party who really wants to join the dance floor but is too shy to do so right before hitting the big moment. The breakout moment, that is.
The 50-Week EMA: Ethereum’s $4K Springboard?
According to crypto analyst İbrahim COŞAR, there’s a significant obstacle in the way of ETH’s glorious price surge—the dreaded 50-week exponential moving average (EMA). This line, ominous yet promising, has historically been the signal for rallies ranging from 25% to a whopping 135%. With an average gain of 58%, it’s basically the ‘golden ticket’ that could push ETH to $4,000. How lovely.
But wait—there’s more. This level also coincides with the upper trendline of a bullish flag formation. It’s as if Ethereum is playing a little game of “will it or won’t it” with the market.
The Fibonacci retracement from $1,397 to $4,867 places ETH in a juicy accumulation zone between $2,276 and $2,683—like the kind of place where investors hang around waiting to pounce.
ETH Weekly Chart | Source: TradingView
The Relative Strength Index (RSI) sits around 51.97, meaning Ethereum is just… chilling. Neutral. But hey, there’s room for things to get spicy with some bullish momentum. The MACD is showing early signs of hope, though it remains slightly undecided, as if it’s still waiting for that decisive phone call from a major investor.
Whale Accumulation: Big Fish in a Small Pond
And here we have the real drama: whales, the massive creatures of the deep pockets, are loading up on ETH like it’s going out of style. Whale 0xd8d0, who has already raked in over $30 million from Ethereum, just bought 15,000 ETH for $37.15 million at $2,477. Must be nice, right?
Whale 0xd8d0, who previously made over $30M on $ETH, spent another 37.15M $USDC to buy 15,000 $ETH at $2,477 today.
Over the past week, this whale has spent ~221M $USDC to buy 85,465 $ETH at $2,584.
— Lookonchain (@lookonchain) June 18, 2025
This whale clearly has an appetite. Over the last week, they’ve gobbled up 85,465 ETH at an average of $2,584. Another address, 0xf680, spent $29 million on 11,500 ETH over the last four days. It’s like a feeding frenzy down there!
Another whale “0xf680” bought 3,000 $ETH($7.48M) again 9 hours ago.
This whale has bought 11,500 $ETH($29M) in the past 4 days.
— Lookonchain (@lookonchain) June 18, 2025
The Supply Crunch: Staking & Accumulation at All-Time Highs
At this point, Ethereum isn’t just being watched—it’s being staked. Over 35 million ETH are staked on the Ethereum network, which makes up a whopping 28.3% of the total supply. It’s like the whales are in a secret club, and the door is firmly locked.
With over half a million ETH staked in just the first half of June, and accumulation addresses holding an all-time high of 22.8 million ETH, long-term investors are clearly doubling down. They’re holding tight, just waiting for that sweet, sweet reward.
Should Ethereum go on a full-blown rally, Fibonacci extensions suggest a potential journey to $5,817, or perhaps even $8,549. No big deal, right?
$ETH Macro Bullish Flag Formation📈
Ethereum has been consolidating inside a massive bullish flag since 2021.
Each touch of support has led to a strong rally, and we’re in that rally phase again.
🔼 Technical breakout target for $ETH: $8,000
The next expansion phase could be…
— Bitcoinsensus (@Bitcoinsensus) June 17, 2025
Of course, should Ethereum fail to break above the 50-week EMA (around $2,650–$2,700), we might see a drop to the lower trendline support, somewhere between $2,000–$2,050. That’s the 0.786 Fib level, just a stone’s throw away from past reaction zones. So many possibilities, so little certainty.
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2025-06-18 16:33