Ethreum Price Down 2% Today (3/21/25): Whale Crypto Withdraws $29 Million ETH!

Jakarta, Pintu News – On March 20, 2025, the outcome of the FOMC meeting sparked a wave of positive sentiment across the crypto market. Ethereum ETH->Current ETH PriceRp 34.635.082Market CapRp 6,2 MiliarTrading VolumeRp 2,1 MiliarCirculating Supply- surged by 7%, reclaiming the key $2,000 level—a move that reignited investor confidence.

This renewed optimism was further fueled by large-scale activity from crypto whales, who withdrew $29 million worth of ETH alongside several major purchases.

But with the market constantly shifting, the question remains: Where is Ethereum headed next?

Ethereum Price Drops 2.67% in 24 Hours

As of March 21, 2025, Ethereum (ETH) is trading at approximately $1,976, or around IDR 32,642,557, reflecting a 2.67% decline over the past 24 hours. During this period, ETH reached a daily high of IDR 33,538,833, while its lowest point dipped to IDR 32,314,982.

At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $238.52 billion, with daily trading volume falling 38% to $12.41 billion within the last 24 hours.

Read also: Bitcoin Crashes to $84K as Futures Open Interest Plummets 35% — Is This the Start of a Major Sell-Off?

Whale Activity and ETH Market Movement

Despite the drop today, according to on-chain analytics platform Lookonchain on March 20, 2025, three whales withdrew 14,217 ETH (equivalent to $29 million) and deposited it into Aave AAVE->Current AAVE PriceRp 0Market Cap-Trading Volume-Circulating Supply-.

Subsequently, the whale borrowed 12 million Tether USDT->Current USDT PriceRp 1.777Market CapRp 1.078 TriliunTrading Volume-Circulating Supply- from Aave and transferred it back to the exchange, possibly to buy more tokens.

This movement shows great investor confidence in Ethereum. Moreover, it fueled speculation about the potential for further price increases. Interestingly, this 7% surge coincided with the FOMC meeting, where the Fed kept interest rates fixed.

Furthermore, this decision encouraged the recovery of the overall crypto market, including ETH and other digital assets. In addition, two important figures in the crypto industry, Vitalik Buterin (founder of Ethereum) and Justin Sun, founder of Tron TRX->Current TRX PriceRp 3.677Market CapRp 23,07 MiliarTrading VolumeRp 917Circulating Supply-, also played a big role in this trend.

Recently, Buterin sold many of his assets and received 71,697 ETH. Meanwhile, Sun staked 60,000 ETH (worth $114 million) in Lido, which will earn him 1,740 ETH per year.

This staking move reflects Tron’s founder’s confidence in Ethereum, which has influenced market sentiment and driven a spike in trading volume and ETH price.

Read also: Top 3 Crypto Potentials According to ARK Invest CEO, Cathie Wood!

Ethereum Price Outlook and Predictions

Ethereum’s recent price recovery has been driven by various technical factors as well as investor sentiment. Analysts believe that ETH is showing strong signs of continuing its recovery.

One analyst mentioned that the current price movement pattern resembles the 2019-2020 Megaphone pattern, which previously triggered a year-long bullish rally. With this pattern, he expects ETH to reach $6,000 before the up cycle ends.

Another analyst added that ETH is currently testing the lower boundary of a symmetrical triangle pattern on the 2-week timeframe. In the event of a bounce from this level, the price of ETH could potentially rise up to $4,000. Many other bullish views also suggest that Ethereum is poised for a big move in the near future.

However, caution is still required as ETH faces major resistance at $2,575. Currently, ETH is trading at $2,014.92 with a market capitalization of $243.05 billion.

If it is able to break the resistance level, ETH has the potential to rise to $3,000 or higher. Conversely, if it fails, Ethereum could drop back down to $1,769.

Will Ethereum’s Bullish Rally Continue?

Based on recent price spikes, analyst predictions, and technical factors, Ethereum’s (ETH) bullish momentum is still strong. If ETH manages to break the key resistance at $2,575, then the potential for further gains is huge.

Read also: Analysts say Ethereum (ETH) is getting ready to surge to $2,500, here’s why!

However, if this resistance level holds, ETH could retest $1,769 before attempting another uptrend. Therefore, investors need to pay attention to resistance and support levels to ensure the sustainability of this bullish momentum.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Whales Withdraw $29M ETH After Ethereum Price Surges 7%: Bullish Rally to Continue? Accessed on March 21, 2025