Ethereum Breaks Resistance, Whales Accumulating Ahead of Potential Dip

The crypto market’s Fear & Greed Index currently sits at neutral, reflecting a cautious outlook as traders await clarity. However, Ethereum (ETH) is pushing towards the $4,000 resistance level, attracting attention from both whales and seasoned investors alike. Despite some analysts warning of a potential price plunge, large players are strategically accumulating ETH while anticipating strong returns in the future. 2025 could hold significant gains for Ethereum thanks to its role in the next growth cycle in crypto. This accumulation is driven by bullish signals, including an influx of $1.8 billion into ETH-based exchange-traded funds (ETFs) over just five trading days. Additionally, the data from Lookonchain’s whale wallet activity reveals a Bitcoin whale with net worth exceeding $11 billion has moved his holdings to Ethereum, selling a significant portion of Bitcoin to buy more ETH at an average price of $4,367. This accumulation comes as market experts predict short-term dips before the prices surge higher. Ethereum’s technical analysis paints a picture of potential volatility with resistance near $4,000 and support around $3,800.