Ethereum (ETH) is experiencing significant market activity, driven by large-scale sales from whales and new price forecasts from analysts.
Whale Sales of Ethereum
Recent market activity for Ethereum has been driven by the sales of a large whale group known as the '7 Siblings,' who offloaded $88.2 million worth of ETH in just 15 hours. According to analytics platform Lookonchain, this group holds approximately 1.21 million ETH valued at $5.6 billion, having sold 19,461 ETH at an average price of $4,532.
The history of these whales shows aggressive accumulation earlier in the year with 103,543 ETH purchased for $229.7 million, contributing to the profit-taking pressure initiated primarily by short-term holders.
Analysts' Price Predictions for Ethereum
Analysts, including Arthur Hayes, see potential for ETH to climb above $8,500 if Bitcoin hits $150,000. Analyst Yashasedu projected that ETH could trade between $5,376 and $8,656 depending on historical ratios between these assets.
Standard Chartered's Strategy for 2025
Standard Chartered has raised its Ethereum price forecast for 2025 to $7,500, up from its previous $4,000 target, citing strong institutional buying and regulatory changes for stablecoins. The GENIUS Act is expected to enhance Ethereum's market position significantly.
The situation in the Ethereum market continues to develop under the influence of large holders and institutional investors. Price forecasts for ETH in the coming years indicate potentially positive trends if current conditions persist.
