Ethereum whales have accumulated 430,000 ETH over the past 72 hours, signaling strong accumulation despite market fluctuations. Institutional players have also played a crucial role in ETH’s recent price movement, with U.S. spot Ether ETFs recording a net inflow of $4.6 million amid the broader crypto rally. Fidelity’s total ETH holdings have now reached $1.52 billion, highlighting growing institutional confidence in the asset.
Although the total crypto market capitalization dropped by 1.14% in the last 24 hours and $282 million worth of positions were liquidated, Ethereum has shown resilience. The asset continues to maintain its price near $2,700, reflecting consistent demand among investors.
Whales bought 430,000 #Ethereum $ETH in the last 72 hours! pic.twitter.com/s2ExKFRbgF
— Ali (@ali_charts) February 19, 2025
Ethereum Price Analysis Today
The latest ETH price action suggests continued bullish momentum, with the asset holding above the 100-hourly Simple Moving Average (SMA), indicating steady buying interest. Immediate resistance remains at $2,850, a level that Ether has tested but has yet to surpass. A decisive breakout above this resistance could pave the way for a rally toward $3,000.
Technical indicators support the possibility of further gains. Ethereum is forming an ascending triangle pattern, a historically bullish setup, according to analyst Ted Pillows. This pattern suggests that Ether is establishing higher lows while repeatedly testing a key resistance level around $3,971. If the price manages to break through this barrier, it could trigger a significant upward move, potentially pushing ETH price toward $4,000.
Also Read: Ethereum Short Positions Surge to $11.3 Billion – Is a Major Breakdown Coming?
