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Despite Multiple Rejections At $4000, Here’s Why You Need to be Bullish on Ethereum (ETH) Price Rally in 2025
Ethereum has failed multiple times to sustain above the critical level of $4000. However, it is precisely this point that could mark a turning point for the second-largest cryptocurrency by market capitalization.
At first glance, many may view the repeated rejections at $4000 as a bearish sign, indicating that the token’s price rally has run its course and is now poised to correct further. However, looking beyond the immediate surface-level data reveals a more nuanced picture.
The recent accumulation of ETH by whales without much fanfare could signal an impending explosive breakout. The balance on accumulation addresses has witnessed a steep rise after the price displayed stability above $2000, hinting at a potential upswing in the near future. This lack of noise surrounding these large-scale purchases suggests that traders are quietly positioning themselves for a major move.
Meanwhile, active addresses have been consistently rising since November, signifying growing interest and engagement with the Ethereum blockchain. The dip in balances on exchanges towards the end of last month could be interpreted as profit-taking or a short-term correction before a much-needed upswing. This sudden loss of funds on exchanges indicates that traders are prepared to hold onto their ETH positions and weather any potential market turbulence.
The weekly chart suggests that after a prolonged pullback, Ethereum has been clinging to crucial support levels at $3346. Breaking above this barrier could mark the beginning of a new bullish leg, as it would likely dispel bearish influences and reinvigorate the rally. Conversely, if ETH fails to reclaim this level and instead falls below, targets in the vicinity of $3400 become increasingly important for maintaining an upward trajectory.
In conclusion, despite numerous failed attempts at reaching $4000, I firmly believe that Ethereum’s price rally is far from over. With whales quietly accumulating shares and active addresses growing by the day, all signs point to a strong bullish case unfolding in 2025.
Source: coinpedia.org
