Will Ethereum Hit $3K? $110M Whale Move Sparks Bullish Momentum
As of May 30, 2025, Ethereum (ETH) — the second-largest cryptocurrency by market capitalization — is trading at approximately $2,636.61, reflecting a slight 0.03% decline over the past 24 hours. Despite the minor dip, investor sentiment around ETH remains overwhelmingly bullish, fueled by significant on-chain activity, ecosystem expansion, and recent technical upgrades.
Whale Activity Ignites Bullish Sentiment
A massive $110 million crypto acquisition, including 30,000 ETH (worth around $54 million), has drawn attention from analysts and traders alike. This strategic move by a single large investor — often referred to as a whale — is widely interpreted as a vote of confidence in Ethereum’s near-term price potential.
Supporting this trend, wallets holding between 10,000 and 100,000 ETH have collectively accumulated 190,000 ETH in recent days. Historically, such accumulation phases by large holders have preceded upward price movements, further stoking optimism in the market.
Technical Outlook: Bullish Patterns in Play
From a technical analysis perspective, Ethereum appears to be forming a bullish flag pattern — typically a continuation signal that follows a strong price rally. ETH is currently consolidating just above $2,545, with resistance levels looming at $2,730 and $3,000.
A decisive breakout above these levels could trigger a wave of new buying, potentially leading to a fresh rally. Traders often view such breakouts as confirmation signals, driving additional momentum in the price.
Ethereum Ecosystem Sees Strong Growth
Ethereum’s underlying network continues to show robust fundamentals. The Total Value Locked (TVL) in Ethereum-based platforms has surged 26% over the past month, highlighting increased usage across DeFi applications and smart contracts.
Additionally, Ethereum-focused exchange-traded funds (ETFs) have seen over $2.7 billion in inflows. These instruments allow institutional investors to gain exposure to ETH without directly holding the asset, indicating rising mainstream interest.
The Pectra Upgrade: A Major Milestone
Ethereum recently implemented its Pectra upgrade, a significant network enhancement that merges two prior updates — Prague and Electra. Pectra introduced 11 technical improvements, aimed at boosting network speed, reducing transaction costs, and improving usability for developers and users.
The upgrade delivered immediate market impact, with ETH’s price surging over 12% in a single day, crossing the crucial $2,000 mark. The enhanced performance has further strengthened investor confidence in Ethereum’s long-term viability.
Shrinking Exchange Supply Hints at Long-Term Holding
Between May 18 and May 20, over 89,000 ETH (worth more than $220 million) were withdrawn from major exchanges such as Coinbase, Binance, and Kraken. Such withdrawals typically indicate that holders plan to store their ETH long-term, reducing the liquid supply available for trading.
With supply on exchanges dropping and demand remaining strong, this dynamic could contribute to upward price pressure in the weeks ahead.
Ethereum Price Predictions: What Lies Ahead?
Market analysts remain bullish on Ethereum’s future price potential. Here are a few notable forecasts:
-
High-end projection: ETH could reach $5,925 by the end of 2025, with an average yearly price of around $4,392.
-
Mid-range outlook: Price range between $1,669 and $4,905, depending on broader crypto market conditions.
-
Conservative estimate: ETH may top out near $3,750 in 2025.
While the range varies depending on macroeconomic and regulatory factors, the consistent expectation that ETH will remain above $2,000 underscores strong long-term confidence.
Final Thoughts
Ethereum’s current market position is being bolstered by multiple converging factors: large-scale institutional purchases, whale accumulation, a successful network upgrade, ecosystem expansion, and a reduced exchange supply.
The launch of the Pectra upgrade, rising ETF inflows, and increased TVL in DeFi protocols all point toward growing adoption and investor confidence. If these trends persist, Ethereum could be well on its way to surpassing $3,000 and potentially revisiting all-time highs later in 2025.
While short-term volatility is a given in the crypto space, Ethereum’s fundamentals suggest that it remains a strong contender for sustained growth in the months and years ahead.
Disclaimer and Risk Warning
coinweck does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. coinweck should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.