- Ethereum trades between $2,650 and $2,750, struggling to break $2,800 amid sustained selling pressure and market uncertainty.
- Whales accumulated 430,000 ETH in 72 hours, signaling confidence in current price levels as a potential buying opportunity.
Ethereum trades between $2,650 and $2,750, a range maintained for seven consecutive days. This consolidation follows repeated failures to breach the $2,800 resistance, a level last tested in early February. Sellers have dominated since mid-March, keeping ETH below $3,000. Investors now watch whether current support near $2,600 holds or breaks, a decision point that could shape Ethereum’s trajectory for weeks.
Data from Santiment reveals an unexpected trend: addresses holding 10,000 or more ETH added 430,000 coins in three days. This mirrors accumulation patterns seen during prior corrections, such as January’s dip below $2,200.
ETHNews analysts note that large-scale buying often precedes price rebounds, though timing remains unclear. “Whales are positioning while retail hesitates,” says trader Ali Martinez, citing the on-chain activity.
Whales bought 430,000 #Ethereum $ETH in the last 72 hours! pic.twitter.com/s2ExKFRbgF
— Ali (@ali_charts) February 19, 2025
The $2,800 level remains critical. A good close above it could trigger short-covering, potentially propelling ETH toward $3,000. Conversely, a drop below $2,600 risks activating sell orders clustered near $2,550, a zone last tested in October 2023. Technical charts show thinning liquidity between $2,500 and $2,800, suggesting volatility may spike once price exits this range.
Derivatives data shows open interest rising alongside price stagnation, signaling unresolved bets on direction. Meanwhile, spot trading volumes have dipped 18% this week, reflecting caution. For now, Ethereum’s hinges on two factors: whether whales continue absorbing supply and if macroeconomic conditions stabilize.
Longer-term, Ethereum’s fundamentals stay intact. The network processes over 1.1 million transactions daily, and developers confirm upgrades to reduce gas fees later this year. However, these factors may take months to influence price. In the immediate term, ETH remains a tug-of-war between whale confidence and broader market uncertainty. Traders await a breakout—or breakdown—to dictate their next moves.
The current price of Ethereum (ETH) is $2,734.16 USD, reflecting a 0.30% increase in the past 24 hours. Over the last week, ETH has gained 2.15%, showing steady upward momentum. Over the past month, Ethereum has risen 17.8%, and in the last year, it has increased 9.3%, demonstrating resilience despite market fluctuations.
Ethereum’s market capitalization currently stands at $329.71 billion USD, ranking it as the second-largest cryptocurrency by market cap. The 24-hour trading volume is approximately $14.95 billion USD, indicating strong liquidity and investor interest. The circulating supply is 120.56 million ETH, with no maximum supply cap, reinforcing Ethereum’s role as the leading smart contract platform.
From a technical perspective, Ethereum has been fluctuating within a 24-hour range of $2,712.37 to $2,767.69 USD. The key support levels to watch are $2,700 and $2,650 USD, where buyers might step in to prevent further declines. On the upside, resistance levels are found at $2,770 and $2,800 USD. If ETH successfully breaks through these resistance levels, it could target the $3,000 USD psychological level in the near future.
