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- Whale accumulation of Ethereum signals potential uptrend as market stabilizes post-crash.
- ETF demand, including BlackRock's purchase, fuels optimism for Ethereum's price growth.
- Ethereum faces critical resistance near $2,913, with a target of $3,700 if bullish momentum continues.
Ethereum—ETH, has been struggling lately as Bitcoin continues to thrive. Bitcoin’s dominance rose by 5.84% since 2025 began, peaking at 64.34% during the market crash. With Bitcoin leading, Ethereum found itself lagging. However, strong fundamentals and bullish signals hint at a rebound. Growing whale activity and institutional interest could push Ethereum’s price towards $3,700.
Ted Pillows and Institutional Support Spark Optimism
Crypto investor Ted Pillows has shared an optimistic outlook for Ethereum. He pointed out an ascending triangle pattern on Ethereum’s weekly chart. The pattern suggests potential growth, with a target near the $4,000 level. Recent institutional support also adds strength to this prediction. BlackRock’s $250 million Ethereum purchase signals institutional confidence. Ted Pillows believes Ethereum could hit $10,000 as the bull cycle continues.
Whale Activity Point to a Growing Uptrend
Ethereum whale activity has shown a significant shift. After a drop in holdings, whales have started to accumulate more Ethereum. In just a few days, whale balances grew from $285.81 billion to $313.5 billion. This surge in whale interest reflects growing confidence in Ethereum’s future.
The accumulation of holdings between $1 million and $10 million also adds to the bullish sentiment. Ethereum’s price has faced resistance in recent days. Despite small surges, the $2,913 level remains a tough barrier. A recent bearish candle raised concerns, but the possibility of a breakout still exists.
For now, Ethereum shows strong whale interest and institutional backing, creating a solid foundation for growth. A breakout above $3,000 could send Ethereum on a surge toward $3,700. With the right support, Ethereum may soon reclaim its momentum.
