Ethereum Holds $2,500 as Whales Keep Buying — Is a Massive ETH Breakout Coming?

Jakarta, Pintu News – Ethereum (ETH) has been in the spotlight of investors this week as it struggles to break back through the $3,000 price level, despite whale accumulation and positive long-term fundamentals.

Currently trading at $2,525, ETH is experiencing a slight increase, indicating a clear hesitation just below an important breakout level.

Ethereum Price Up 0.29% in 24 Hours

As of June 19, 2025, Ethereum was trading at approximately $2,525, or around IDR 41,340,866 — marking a modest 0.29% gain over the past 24 hours. Within that timeframe, ETH dipped to a low of IDR 40,502,831 and climbed to a high of IDR 41,651,629.

At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $304.52 billion, with daily trading volume falling 16% to $20.81 billion in the last 24 hours.

Read also: Crypto Fear & Greed Index Turns Cautious — Calm Before the Crypto Storm?

50-Week EMA: ETH Platform to $4,000?

According to crypto analyst İbrahim COŞAR, the 50-week exponential moving average (EMA) is the main obstacle holding Ethereum back.

Historically, when ETH manages to break this level, it usually sees a price spike of between 25% and 135%, with an average increase of around 58%.

If this historical pattern is repeated, then the breakout has the potential to push ETH prices towards the $4,000 level – which also coincides with the upper trendline of the bullish flag formation on the weekly chart.

The long-term bullish flag consolidation structure, with the lower support trend line already established since early 2022, has revived optimism among Ethereum supporters.

The Fibonacci retracement from the $1,397 low to the $4,867 peak shows that ETH is currently in the 0.5-0.618 retracement zone ($2,276-$2,683), which is technically known as an accumulation zone in a bullish market structure.

The RSI (Relative Strength Index) indicator on the weekly chart is around the 51.97 level, signaling neutral conditions but still leaving room for upward movement.

Meanwhile, the MACD (Moving Average Convergence Divergence) indicator is starting to show bullish signals, although it is still not entirely convincing, with the histogram starting to reduce bearish momentum.

Whale Accumulation Increases

Big investors or “smart money” seem to be gaining confidence in Ethereum. According to on-chain data from Lookonchain, Whale with the address 0xd8d0 – who has previously made more than $30 million in profits from ETH trading – bought another 15,000 ETH worth $37.15 million at $2,477.

Over the past week, this whale has accumulated a total of 85,465 ETH (worth about $221 million) at an average price of $2,584. In addition, another address, 0xf680, was also recorded buying 11,500 ETH (worth $29 million) in the last four days.

Read also: Ethereum Staking Breaks All Records — 35 Million ETH Locked! Could This Trigger the Next Price Surge?

These movements suggest that large players in the market are taking large positions amid price uncertainty, which is often an early signal of a potential spike in asset values.

Supply Crisis: ETH Staking and Accumulation Reach Record Highs

More than 35 million ETH have now been staked on the Ethereum network, accounting for more than 28.3% of the total circulating supply.

In just the first half of June, more than 500,000 ETH was staked. In addition, accumulated addresses – wallets that have never sold ETH – now hold a total of 22.8 million ETH, the highest amount in history. This fact shows that long-term investors are further strengthening their positions.

Based on Fibonacci extensions projections, potential price targets in a prolonged bull scenario are around $5,817 (Fib 1,618 level) and even $8,549 (Fib 2,618 level).

However, if ETH fails to break the 50-week EMA (which is in the range of $2,650-$2,700), the price is likely to retest the lower trendline support zone around $2,000-$2,050. This region also coincides with the 0.786 Fib level and the previous historical reaction zone.

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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:

• Coinspeaker. Ethereum Breakout Soon? Whales Buy, Rally Halts Ahead of Major Barrier. Accessed on June 19, 2025