The price of Ethereum continues to climb, reaching a significant mark of $4000. This surge is primarily fueled by whale accumulation, creating positive market expectations.
Whale Accumulation
Recent blockchain analytics reveal that wallets holding between 10,000 and 100,000 ETH have added over 1.8 million coins to their balances in the last 30 days. This buying spree often precedes significant price moves, as seen in previous Ethereum rallies.
Short-Term and Long-Term Price Outlook
Analyst Ali Martinez noted that if Ethereum holds above $4000, the next major target could be $6400, which has acted as a key resistance level in past cycles. Current market data shows strong bullish momentum, with the RSI hovering near 72, suggesting slight overbought conditions but still room for growth.
Future Upgrades and Their Market Impact
The upcoming Fusaka upgrade, scheduled for November 2025, will raise gas limits to 150 million and introduce parallel EVM processing. These changes aim to enable faster transactions and lower fees. Additionally, the SEC is reviewing proposals for ETH staking in ETFs, which could lead to significant supply constraints in the market.
The rising price of Ethereum and the active accumulation by whales may signal the onset of another bullish cycle in the market. With upcoming upgrades and potential ETF approvals, ETH could potentially reach new highs.
