Ether (ETH) is up 7% over the past day and has reclaimed its 50-week moving average (MA) near $3,300, an event that has preceded strong price increases up to now.
Key Takeaways:
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Ethereum can have found a floor around $2,800, indicating a neighborhood floor.
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Ether price previously surged 100% after reclaiming the 50-week moving average.
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Ethereum whales have amassed almost 1 million ETH in three weeks.
Past breakouts resulted in a 97-147% increase in ETH price
Data from Cointelegraph Markets Pro and TradingView shows that the ETH/USD pair rebounded from the support at $2,800 and rose 20% to the present price of $3,362.
This breakout has caused Ether's price to reclaim a key trendline – the 50-week exponential moving average (EMA) – increasing the likelihood of a steeper rise in the approaching days or even weeks.
Previous examples show that ETH tends to rise sharply when the worth closes above the 50-week EMA (purple wave). The altcoin's gains were 147% between October 2023 and March 2024 and 97% within the third quarter of 2025.
BTC/USD weekly chart. Source: Cointelegraph/TradingView
“$ETH is back above its 50-day MA. I would really like to see a break above the 200-day MA at $3,500 in the approaching days with bulls using this area as support,” investor StockTrader_Max said in a Tuesday post on X, adding:
“Once support is reached, the ATHs at $5,000 will turn out to be the following goal!”
Fellow analyst CyrilXBT said that “the 50-week MA is now a very important line to carry” to extend the likelihood of a push towards the $4,000 area.
As Cointelegraph reported, ETH price has ended its five-month downtrend against Bitcoin and is forecasting a 170% increase to 0.09 BTC in lower than two months.
Ethereum whales buying is bullish for ETH price
Ether's uptrend on Wednesday was preceded by an increased accumulation of huge investors.
“Ethereum is a standout gainer today, climbing +8.5% and seeing an encouraging accumulation pattern from whales and sharks,” market research firm Santiment said on Tuesday.
The accompanying chart shows that these investors have amassed roughly 934,240 ETH over the past three weeks, price $3.15 billion at current prices, while small holders have sold 1,041 ETH over the past seven days.
“Ethereum rallies back to $3,400 with a really perfect gathering of whales and sharks, but retail traders are selling out.” 
Additional data from CryptoQuant shows that whale wallets with values between 10,000 ETH and 100,000 ETH have reached record highs, with those holding greater than 100,000 ETH also increasing their holdings, indicating an upward trend among the many larger cohorts and institutions.
The revival of interest in whales coincides with a surge in demand for spot Ethereum ETF inflows, which recorded $177 million in inflows on Tuesday, the most important since October 28, in accordance with data from SoSoValue.
The ETH Coinbase Premium Index, a measure of US investor interest, remained positive last week after being negative for a couple of month. This indicated a return of demand from US investors, which could drive ETH price higher.
This article doesn’t contain any investment advice or recommendations. Every investment and trading activity involves risks and readers should conduct their very own research when making their decision.
This article doesn’t contain any investment advice or recommendations. Every investment and trading activity involves risks and readers should conduct their very own research when making their decision. While we attempt to supply accurate and up-to-date information, Cointelegraph doesn’t guarantee the accuracy, completeness or reliability of the knowledge in this text. This article may contain forward-looking statements which can be subject to risks and uncertainties. Cointelegraph is not going to be responsible for any loss or damage arising out of your reliance on this information.
