Ethereum may have recently cooled off in price, but the enthusiasm among analysts and investors remains red-hot. Despite a short-term dip, experts are still eyeing a rally toward the $4,000 mark, pointing to both strong technical indicators and strategic whale accumulation as signs that ETH’s bullish momentum is far from over.
Short-Term Setback, Long-Term Momentum
Ethereum, the world’s second-largest cryptocurrency by market cap, has seen a bit of a pullback following its impressive performance earlier this year. However, a broader look at the charts reveals resilience. Over the past month, ETH has posted an impressive 57.2% gain, suggesting that the recent correction may be just that—a temporary pause in a longer-term uptrend.
Well-known crypto analyst Michaël van de Poppe weighed in, sharing his belief that this price dip presents a strategic buying window. In his view, ETH slipping below the $2,400 level offers an “accumulation opportunity” ahead of a potential breakout. “This is not a trend reversal, it’s a reset,” van de Poppe noted, suggesting that the market could soon gear up for a major leg upward.
Technical Analysis: Bulls Still in Control
Another respected figure in the crypto technical community, Titan of Crypto, took a closer look at ETH’s structure using the Ichimoku Cloud—a technical tool popular for predicting momentum and trend shifts. According to Titan, Ethereum remains in a bullish structure as long as the Kijun line holds firm.
“There’s no need to overthink it,” he said. “From an Ichimoku perspective, the uptrend is intact.” This simple yet confident statement reinforces the idea that the current correction hasn’t done enough damage to derail Ethereum’s broader bullish narrative.
Whale Activity: Accumulation vs. Capitulation
Meanwhile, on-chain data is painting an intriguing picture of what Ethereum’s biggest holders are up to. According to analysis from Crypto Rover, large wallets holding between 10,000 and 100,000 ETH have been increasing their positions—a clear sign of confidence from some of the market’s most influential players.
However, not all whales are swimming in the same direction. Blockchain analytics firm Lookonchain reported that a prominent Ethereum whale recently offloaded 7,000 ETH, worth around $16.88 million, at a loss. The same address had previously accumulated over 13,400 ETH from Binance when prices were higher—some trades reaching as much as $3,622 per coin. After the recent sell-off, the whale still holds approximately 6,479 ETH, but their position is now sitting at a substantial unrealized loss of over $16 million.
This divergence among whale behavior suggests that while some are cutting their losses, others are doubling down—possibly betting that the next leg of Ethereum’s bull run is just around the corner.
Looking Ahead: $4K in Sight?
The mixed market signals haven’t dampened broader optimism. Analysts and traders remain focused on key support levels, with the $2,400 range emerging as a potential launchpad for the next rally. The expectation of a $4,000 price tag isn’t just speculative chatter—it’s grounded in technical momentum, historical price patterns, and a shifting macro landscape that increasingly favors digital assets.
Adding fuel to the fire is the Ethereum Foundation’s recent announcement of a “Trillion Dollar Security” initiative, designed to boost confidence in Ethereum’s long-term viability. While details are still emerging, it has added yet another bullish narrative to the mix.
For now, all eyes remain on Ethereum’s next moves. Whether it consolidates further or begins the climb to $4K, one thing is clear: investors and analysts alike are treating this correction not as a setback, but as a strategic pause on the road to potentially much higher ground.
