Ethereum (ETH) Surges 40% in 7 Days, Will the Uptrend Continue?

Updated

May 13, 2025

Gambar Ethereum (ETH) Surges 40% in 7 Days, Will the Uptrend Continue?

Jakarta, Pintu News – The Ethereum market showed significant strength as trade talks between the US and China progressed on Sunday.

With a 40% gain in the past week, institutional interest and Ethereum whale activity is back on the rise, signaling large fund flows back into this altcoin.

Last week’s rise has changed the market narrative from “Ethereum is dead” to predictions of Ethereum reaching $10,000.

Check out the full analysis here!

Ethereum Price Increase Driven by Whale Accumulation

Along with positive talks about a US-China trade deal, the price of Ethereum (ETH) today rose another 2.5%, reaching the $2,600 level. Renowned crypto analyst Rekt Capital stated that Ethereum closing above $2,200 could trigger further gains up to $3,900.

$ETH

Ethereum is positioned favourably for a Weekly Close in its $2200-$3900 Macro Range

Weekly Closes above $2200 have historically set off uptrends across the Range (blue circle)

Any dips, if needed at all, would solidify $2200 as Range Low support#ETH #Crypto #Ethereum https://t.co/mxWiHcSvXl pic.twitter.com/LDRNLVOjoc
— Rekt Capital (@rektcapital) May 11, 2025

According to the analyst, historically, a weekly close above $2,200 has triggered a sustained uptrend across the range. “Weekly closes above $2,200 have historically triggered uptrends across the range,” Rekt Capital said.

Also read: Uniswap Sets Record with $3 Trillion Trading Volume!

Technical Analysis and Price Predictions

Another popular analyst, Henry, stated that “Ethereum is not dead. It is preparing.” Through the X platform, he added that from technical analysis, Ethereum formed an Ascending Triangle between $2,109 and the low of $1,385! It is expected that there will be a big surge after the breakout.

fter a three-day rally, Ethereum hit the first resistance at $2,578 and is currently testing the $1,800-$2,578 zone. The next resistances are $3,073, $3,316, $3,700, and $4,013.

Henry added that he expects Ethereum price to reach $12,000 by the end of the year. Key factors supporting this rally include staking for Ethereum ETFs, token burn after the Pectra upgrade, and other fundamental aspects.

Ethereum Whale Activity Increases

A prominent Ethereum whale who has been accumulating ETH for the past three months has turned a $21 million investment into profit. Blockchain analytics firm LookonChain reports that today, the whale just withdrew 1,687 ETH, worth $4.2 million, from crypto exchange Gate.io.

Since February 15, the investor has withdrawn a total of 50,165 ETH, worth approximately $104.5 million, at an average price of $2,084 per ETH. This strategic accumulation has turned a loss of $21 million into an impressive profit of $21.7 million. This strong activity from Ethereum whales suggests that the ETH price could continue to move forward without any major corrections in sight.

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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.

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