Ethereum Shows Bullish Signs with Potential $3,250 Target in Sight

Cryptocurrency enthusiasts and investors are buzzing with excitement as Ethereum (ETH) displays promising bullish patterns, hinting at a potential breakout from its current bearish trend. Here’s a closer look at what’s driving this Optimism and what the future holds for ETH.

Bullish Setup Forms On Ethereum Price With $3,250 Target

Ethereum (ETH) price chart is displaying bullish patterns suggesting a breakout from the current bearish trend. On-chain data and analyst insights indicate that ETH might be ready for an upswing over the short term. JavonTM1 points out that Ethereum currently mirrors a pattern from 2023, where it formed rounded bottoms followed by significant price increases. The difference is that the current trend is happening on a larger scale, potentially paving the way for a stronger price surge.

Ethereum Whales Dump 500K ETH, Dominance Crashes to 5-Year Low

In the past 48 hours, whales have offloaded over 500,000 ETH, intensifying selling pressure. ETH’s dominance has plunged to 8%, marking a 60% drop since mid-2023. Record-low fees and burn rates post-Dencun upgrade have worsened ETH’s inflation problem. Despite a brief 1.55% price increase to $1,797.07, the context remains alarming as the asset faces systemic issues.

Ethereum (ETH) Potentially to Gain 250% Amid Market Shifts and Tariffs

Ethereum (ETH) price went up 1.6%, trading close to $1,820 during a wider crypto rally. Despite some struggles, with its price falling 5% in response to a market correction, Ethereum whales are accumulating as wallets holding 10,000-100,000 ETH have been increasing since February 2025. Fresh uncertainty stemming from China’s 34% tariffs on U.S. goods could drive significant capital inflows into crypto markets, potentially boosting ETH’s price. On April 5, ETH was trading close to $1,811 with a small 0.38% gain, while other cryptocurrencies such as Bitcoin (BTC), Solana (SOL), and XRP rallied.

Whales Accumulate $65M ETH as Ethereum Hits 2018-Like Bottom

Ethereum (ETH) is attracting significant buying from whales, with over $65 million worth of ETH accumulated in a 10-day period. Despite weak price action and the lowest transaction fees in four years, whales are scooping up ETH. The accumulation comes as Ethereum posts its fourth consecutive red monthly candle, a sequence last seen in the 2018 bear market—just before ETH rallied over 4,200%. Analysts remain cautious due to macroeconomic uncertainty and declining network activity, but some suggest that ETH’s current setup could mirror that historical bottom.