Is Ethereum (ETH) About to Make Bullish Reversal? Whale Moves and Key Patterns Point to a Rally
Date: Sunday, March 09, 2025 | 01:50 PM GMT
Ethereum (ETH) has been in a sharp downtrend since its December 2024 high of $4,091. Over the past 90 days, the price has dropped by 44%, bringing it to its current level of $2,113. This correction has shaken investor sentiment, but recent whale activity and historical price patterns suggest a potential reversal could be on the horizon.

Whale Accumulation
While retail investors are showing signs of panic, Ethereum whales have taken advantage of the recent price dip. According to crypto analyst Ali Martinez , wallets holding over 100K ETH have accumulated approximately 330,000 ETH in the past 48 hours.

This massive buying spree suggests that institutional and large-scale investors see the current price as an opportunity, potentially signaling an upcoming rally.
Key Patterns Point to a Rally
Several technical indicators and historical patterns suggest Ethereum may be preparing for a bullish breakout.
Wyckoff Reaccumulation Phase
According to an analysis by @CryptoCaesarTA , Ethereum appears to be in a Wyckoff reaccumulation phase. The chart pattern suggests that ETH has gone through phases of distribution and correction and is now entering the “Spring” phase—typically the final shakeout before a strong move higher.
The chart illustrates a possible jump above the “Creek” resistance, which would confirm a breakout and lead to a sustained uptrend.
Ethereum 2016-2017 vs. 2024-2025 Cycle Comparison
Another critical insight comes from analyst Merlijn , who compares Ethereum’s current price action with its 2016-2017 market cycle.
The 2017 rally followed a similar consolidation phase, marked by a fake-out before an explosive upward movement. If history repeats itself, Ethereum could be poised for a breakout that mirrors its previous bull run, potentially sending it to new all-time highs.
What’s Next for Ethereum?
Ethereum is currently at a critical level. If the price holds above the $2,100 support and confirms a breakout above resistance levels, we could see a strong rally in the coming weeks. On the other hand, failure to hold key levels could lead to further downside before a confirmed reversal. With increasing whale accumulation and historical patterns favoring a breakout, Ethereum investors are closely watching for the next major move.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
APT and RENDER Testing Key Support Amid Major Decline – Will This Pattern Spark a Recovery?

Movement (MOVE) Gains Momentum with Key Breakout – Will it Carry Upside Momentum?

Pi Network (PI) Suffers Double-Digit Decline – What to Expect Ahead?

Is Dogecoin (DOGE) Gearing Up for Rebound? Whales Move and Key Patterns Point to a Rally

Trending news
MoreCrypto prices
More








