Sunday, August 3, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

Whale Purchases Spark Ethereum Surge: Is $10K On the Horizon?

Jonathan Carls by Jonathan Carls
January 16, 2025
in Market News, Price Analysis
Reading Time: 4 mins read
Whale Purchases Spark Ethereum Surge Is $10K On the Horizon
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • Whale buys 10,000 ETH and deposits $9M USDT, signaling long-term confidence.
  • Ethereum faces resistance at $3,360-$3,450 and support at $3,066-$3,160.
  • Surge in Ethereum derivatives, with a notable 112% rise in futures volume.

Ethereum (ETH) has seen a surge in whale activity recently, with a notable whale purchasing 10,000 ETH worth approximately $31.5 million on Binance after a market dump. The whale has also deposited an additional $9 million worth of USDT into Binance, likely preparing for further Ethereum purchases. 

This aggressive accumulation has fueled speculation that ETH could be on the verge of significant price movement. As a result, many analysts are adjusting their price forecasts, with some predicting Ethereum could reach $10,000 in the coming months.

Related articles

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?

August 2, 2025
Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback

Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback

August 2, 2025

Ethereum’s Market Resistance and Support Levels

Ali Martinez, a well-known cryptocurrency analyst, has highlighted key resistance and support levels for Ethereum. According to Martinez’s analysis, the most critical resistance for ETH lies between $3,360 and $3,450. 

This range represents a strong barrier that the price needs to break for a more significant rally. On the downside, the key support levels are found between $3,066 and $3,160. If ETH’s price falls to these levels, traders may look to buy, anticipating a potential bounce.

The most critical resistance level for #Ethereum $ETH lies between $3,360 and $3,450, while key support is found between $3,066 and $3,160. pic.twitter.com/gE0vEW35vb

— Ali (@ali_charts) January 13, 2025

Despite the ongoing market fluctuations, Martinez also points out that Ethereum’s network growth has slowed considerably. Over the past week, the number of new Ethereum addresses has dropped by 9.32%. 

#Ethereum network growth has slowed notably over the past week, with the number of new $ETH addresses declining by 9.32%! pic.twitter.com/2Xrv2YwjBf

— Ali (@ali_charts) January 13, 2025

This decline in adoption could indicate that Ethereum’s growth momentum is waning, which might affect the price in the short term. However, the whale activity suggests that large investors are still confident in Ethereum’s future.

Ethereum Derivatives Market Shows Increased Activity

As of press time trading at $3,247.39, Ethereum’s derivatives market is experiencing significant activity. As per Coinglass data, Ethereum’s 24-hour trading volume stands at $37.7 billion, with an impressive surge in derivatives trading. The trading volume for Ethereum futures and perpetual swaps has increased by 112.08%, reaching a total of $66.53 billion. 

This spike suggests that interest in Ethereum’s derivatives is on the rise. However, open interest, which tracks the number of outstanding derivative contracts, has decreased by 4.99%, indicating some profit-taking or reduced positions by traders.

Additionally, Ethereum’s options market has witnessed substantial growth. The options volume surged by 192.78%, totaling $1.18 billion. This indicates that speculative trading and hedging strategies are gaining popularity. 

The options open interest also grew by 5.87%, reaching $7.38 billion. This suggests that market participants are increasingly betting on Ethereum’s price movements.

Technical Indicators Point to a Bullish Outlook

ETH/USD daily price chart, Source: Trading view

Technically, Ethereum is showing signs of mixed momentum. The Relative Strength Index (RSI) currently sits at 46.29, just below the neutral 50 level. This suggests that ETH is neither overbought nor oversold. However, the slight recovery in RSI hints at improving bullish sentiment. 

Meanwhile, the MACD (Moving Average Convergence Divergence) remains below the signal line, with smaller bearish bars on the histogram. This suggests that while bearish momentum is slowing, a bullish crossover could occur if Ethereum’s price maintains upward movement.

Tags: Ethereum (ETH) NewsPrice Analysis

Related Posts

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?

by Munene Timothy
August 2, 2025

XRP trades above key $2.95 support with bearish MACD and neutral RSI; price action suggests short term consolidation. Price remains...

Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback

Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback

by Veronicah Peninah
August 2, 2025

ETH currently trades at $3,489.96, with recent price action forming a discount zone of 10%–30% from local highs. Ethereum’s price...

Analyst Predicts Critical Bitcoin Support Between $107K and $105K as Sellers Dominate

Analyst Predicts Critical Bitcoin Support Between $107K and $105K as Sellers Dominate

by Munene Timothy
August 2, 2025

BTC broke below $116K support, exposing downside toward the $108K–$112K demand zone amid rising bearish pressure. CME gap around $114K...

XRP price prediction for Aug 02 Can $2.90 Hold as Support

XRP Price Prediction for Aug 02: Can $2.90 Hold as Support?

by Jonathan Carls
August 1, 2025

XRP drops 6.25% as high volume fails to counter strong selling momentum Key support at $2.90 under pressure as technical...

XRP Price Prediction for AUG 1 — Signs of Cooling as Bulls Eye $3.65 Rebound

XRP Price Prediction for AUG 1 — Signs of Cooling as Bulls Eye $3.65 Rebound

by Munene Timothy
July 31, 2025

XRP surged from $2.20 to $3.65 in July, gaining 44% monthly before consolidating around $3.16 with cooling momentum. RSI and...

Load More

Recent News

  • XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?
  • Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback
  • Paul Atkins Unveils Project Crypto to Reinvent U.S. Capital Markets
  • XRP Market Cap Model Suggests $10B in Buy Orders Could Skyrocket Price to $90
  • Analyst Predicts Critical Bitcoin Support Between $107K and $105K as Sellers Dominate

Popular News

  • KEKIUS Price Prediction for June 2025 Signs of Weak Momentum and Accumulation Battle

    KEKIUS Price Prediction for June 2025: Signs of Weak Momentum and Accumulation Battle

    202 shares
    Share 81 Tweet 51
  • Bitcoin and Ethereum Face Pressure as 2,500 BTC and 80,000 ETH Hit Exchanges Amid Political Fallout

    200 shares
    Share 80 Tweet 50
  • Market Analyst say XRP Could Finally Break Out of Its Current Consolidation in 2-4 weeks If It’s Following 2017

    199 shares
    Share 80 Tweet 50
  • SUI Price Breakout or Fakeout? What Chart Patterns Are Saying

    199 shares
    Share 80 Tweet 50
  • SEC Approves Nasdaq Crypto Index Update to Include SOL, ADA, XLM, and XRP

    200 shares
    Share 80 Tweet 50

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup
XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?
August 2, 2025
Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback
Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback
August 2, 2025
Paul Atkins Unveils Project Crypto to Reinvent U.S. Capital Markets
Paul Atkins Unveils Project Crypto to Reinvent U.S. Capital Markets
August 2, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact