Ethereum Skyrockets Past $2,000 Today — Massive Whale Scoops Up 470,000 ETH in Just 7 Days!

Jakarta, Pintu News – The price of Ethereum ETH1.62%->Current ETH PriceRp 30.127.6461.62%Market CapRp 7.444 TriliunTrading VolumeRp 594,65 TriliunCirculating SupplyRp 120.452.072 surged sharply and broke through the $2,000 level today, April 25, 2025. This significant increase came amid massive buying by crypto whales, who have accumulated around 470,000 ETH in just one week.

These massive moves from large investors fueled speculation and optimism among market participants, signaling continued bullish potential for the world’s second-largest crypto asset.

Then, how is the Ethereum price traveling today?

Ethereum Price Up 4.40% in 24 Hours

As of March 25, 2025, Ethereum (ETH) was trading at approximately $2,063, or around IDR 34,376,520 — marking a 4.40% increase over the past 24 hours. Within that same time frame, ETH dipped to a low of IDR 32,915,907 before climbing to a daily high of IDR 34,859,949.

At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $248.95 billion, with daily trading volume rising 74% to $14.66 billion within the last 24 hours.

Read also: Bitcoin Hits $86,900 Again Today (March 25)— Is This the Calm Before a Major Bull Run?

Ethereum Whale Buys 470,000 ETH in a Week

According to a report by CoinSpeaker (3/24/25), in the past seven days, Ethereum whales have bought around 470,000 ETH, worth close to $1 billion.

On-chain data from Glassnode shows that whales holding between 10,000 to 100,000 ETH have added to their holdings by around 29% in the past two weeks.

The number of wallets holding at least $100,000 in ETH has also increased, from around 70,000 addresses on March 10 to around 75,000 at the time of writing.

Interestingly, Ethereum recently retested its long-term trendline support level – a zone it has only touched three times since 2021: June 2022, November 2022, and now March 2025. Historically, this support level is often a turning point before a major rally.

Renowned crypto analyst Rekt Capital predicts that if ETH shows a strong reaction after dropping below $2,000, then prices could potentially return to the $2,196-$3,900 macro range.

He also added that if this recovery occurs before the close of March, then the price drop below $2,200 is likely just a “fakeout” before a more significant upward movement.

Read also: Fidelity Enters the Crypto Arena: Launches Tokenized US Treasury Funds on Ethereum to Take On BlackRock!

ETH Supply Drops to the Lowest Point of the Year, While Traders Bet Big

Meanwhile, citing the BeInCrypto page (3/24/25), on-chain data shows that ETH reserves on exchanges have reached their lowest point so far this year.

Currently, it stands at 18.32 million ETH – down about 7% from its annual peak of 19.74 million ETH recorded on February 2.

The exchange reserve represents the total amount of coins held in wallets belonging to crypto exchanges, meaning the supply that is ready to be traded directly. When the number decreases, it indicates that traders are removing their assets from exchanges for long-term storage, staking, or switching to spot-based ETH ETFs, thus reducing the supply of ETH available on the market.

Such a reduction in supply can create upward pressure on prices. The reason is that with reduced sales liquidity and steady demand, prices tend to be pushed up.

In addition, the ETH Estimated Leverage Ratio (ELR) also increased, indicating that traders are increasingly willing to use leverage to increase the profit potential of ETH price movements going forward.

For context, ELR ETH briefly touched its highest level of the year at 0.686 on March 21, before dropping slightly. Currently, ELR ETH is at 0.683.

ELR itself measures the average use of leverage by traders when making transactions on the exchange, and is calculated by dividing the open interest value of an asset by the amount of the asset’s reserves on the exchange.

The rise in ETH’s ELR reflects the increased risk appetite among traders, even though ETH’s price has not performed strongly since the beginning of the year. This trend suggests that many ETH holders remain optimistic about the potential for price increases in the near future, and are willing to use leverage to increase their profit opportunities.

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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:

• BeInCrypto. Ethereum Supply Dries Up on Exchanges as Leverage Spikes-Bullish Signs for ETH? Accessed on March 25, 2025
• Coinspeaker. Whales Buy Almost $1B in Ethereum in Past Week, ETH Reclaims $2K. Accessed on March 25, 2025