Ethereum price is quietly setting up for its next major move. After last week’s volatility, ETH has stabilized around $3,880, logging a slight 1.3% daily gain.
Beneath the surface, however, there’s growing tension. On-chain data shows that large investors, or “whales,” are buying hundreds of millions of dollars’ worth of ETH.
Technical traders see a notable area of liquidity between $4,400 and $4,800 that could be tested soon. Currently, the price of ETH is caught between uncertain market conditions and strong resilience.
Price movements are tightening, liquidity is changing, and market sentiment is shifting faster than the charts can show.
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Ethereum Price Prediction: Whales Signal $4,800 Target
Whales appear to be positioning early. Since July 19, over 138,000 ETH (~$503M) has been accumulated, including a $116 million purchase this week alone.
Exchange reserves have dropped from 4.94B to 4.58B ETH, the lowest since 2018, a sign that supply is being pulled off exchanges faster than traders can reload it.
That backdrop has analysts leaning cautiously bullish. Ted, an analyst and investor with over 200k followers on X, highlighted a massive liquidity cluster between $4,400 and $4,800, noting the Ethereum price could “tap this region” if the US–China trade deal materializes and risk appetite improves.
On the charts, Ethereum’s momentum remains neutral-to-bearish, with 13 out of 26 technical indicators flashing “sell.” Oscillators like RSI and MACD are cooling off, hinting that Ether may need more consolidation before any sustained breakout.
Meanwhile, Gordon, another popular chartist with almost a million followers on X (formerly Twitter), compared the recent ETH price structure to Bitcoin’s 2024 recovery setup, suggesting “bears are about to learn a painful lesson.”
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