Ethereum Price Poised For Reversal As Whales

 

Ethereum price took a bounce from a lower support of $1,756 and broke above the $2000 mark. ETH showcased a robust bullish momentum in the last 24 hours surging by almost 5%. 

According to Lookonchain an on-chain analytical platform, whales are returning to Ethereum. The platform reported that recently three whales withdrew 14,217 ETH worth $29 million from Binance and deposited it into Aave. They then borrowed 12 million USDT from Aave and transferred it to exchanges, likely to buy more Ethereum. 

Moreover, experts are also looking bullish on the Ethereum price. In an X post, famous crypto analyst Ali Martinez highlighted that ETH smashed $2,000. But conquering the $2,400 zone is a must for a bullish flip.

Ethereum’s on-chain data signal strategic whale repositioning where 25 top wallets relocated $100M from CEXs. This data suggests a potential liquidity shift and positive whale activity. However, despite the positive whale activity, Ethereum’s options market points to negative sentiment, with current prices around $1,895, down from $2,032.9. 

Ethereum Social Engagements Increased 

According to the on-chain analytics platform Artemis, the activity on X has increased in recent times. In January 2025, Ethereum had 3.6 million followers and currently, it increased to 3.8 million. 

Moreover, According to social analytics platform Lunar Crush Ethereum (ETH) is among the top coins with the most social engagements. ETH have 62.27 million of engagement on all social media platforms. The data shows ETH engagements increased by 4.4 million in recent times.

Ethereum’s recent whale activity, rising social engagement, and strong price momentum suggest the potential for a rebound. However, conquering the $2,400 resistance is crucial to sustaining bullish sentiment and overcoming lingering options market negativity.