Ether (ETH) is currently trading at $1990 as of March 23, 2025. According to crypto analyst Rekt Capital, breaching the $2,200 mark is necessary for regaining bullish momentum.
Current Price and Its Significance
Ether is experiencing pressure from global macroeconomic changes and has dropped 51% from its December 2024 peak of over $4,100. However, signs of recovery are emerging.
Whale Activity
Ether whales, particularly those holding between 10,000 to 100,000 ETH, have been accumulating since early March, according to analysts from Nansen. The number of addresses holding at least $100,000 worth of Ether increased from 70,000 on March 10 to over 75,000 on March 22. Since the start of 2025, whales have increased their reserves by 12%.
Market Sentiment and Predictions
Open interest in Ether has reached an all-time high, suggesting that large traders anticipate a rally above $2,400. Despite positive regulatory news such as the SEC dropping its lawsuit against Ripple, Ether has struggled to regain upward momentum. VanEck predicts a cycle top of $6,000 for Ether in 2025. A recent price prediction estimates that the price of ETH is expected to decrease by -6.5% by March 25, 2025, but is forecasted to average $2,559.27 in April 2025, potentially reaching a maximum of $2,596.70.
Despite recent challenges, whale activity and optimistic forecasts fuel hopes for an Ether recovery in 2025.
