Key Insights:
- Ethereum (ETH) is poised for a massive upside rally. It was on the verge of a bullish breakout, and if this occurs, it could reclaim the $1,800 mark.
- Ethereum whales have purchased 20,156 ETH worth $33 million in the past 24 hours. This indicated a strong buying opportunity.
- Rising Open Interest (OI) with a 1.05 long/short ratio suggests that traders heavily bet on the long side.
In the face of market uncertainty, ETH price prediction remains a key focus for traders and investors alike. It’s essential to gauge whether Ethereum will rally or continue its downtrend in the coming days.
Present forecasts paint a bullish outlook for ETH, backed by favorable chart patterns and robust on-chain metrics. Rising whale interest further strengthens the case for an impending upward trajectory.
Whale Activity & ETH Price Prediction Point to Bullish Sentiment
On April 14, 2025, blockchain-based transaction tracker Lookonchain posted on X. Per their post, whales had purchased 20,156 ETH worth $33.03 million from various exchanges over the past 24 hours.
This significant purchase by industry giants indicates strong confidence in ETH’s future growth. ETH price prediction trend suggested that this level would be a good place to enter before a possible rally.
Ethereum Price Action and Technical Analysis
According to expert technical analysis, the ETH price prediction remains optimistic despite ongoing price consolidation. The daily chart reveals that ETH has been consolidating near a crucial support level.
An ascending triangle pattern formed during the four-hour timeframe, and the price was on the verge of a breakout. It may gain momentum if the ETH price breaks out of its current pattern.
Closing a four-hour candle above $1,700 is crucial for this move. If successful, ETH could soar by 6% and reach $1,800 in the coming days. If this upside momentum continues, the price could soar by 18% and reach $2,150.
However, ETH price may fail to break above and remain below the $1,700 level. Moving ahead, the token could open the path for a downside move.
The four-hour chart shows that closing a candle below $1,600 could lead to a decline. If this happens, ETH might drop to $1,500 in the coming days.
At press time, ETH was trading near $1,670 and registered a surge of over 6% in the past 24 hours. During the same period, trader and investor participation skyrocketed due to its bullish price action. This resulted in a 50% surge in trading volume.
Bullish Sentiment Prevails: ETH Price Predictions and Market Dynamics
Looking at the bullish outlook for ETH, traders are strongly betting on the bullish side. The on-chain analytics firm Coinglass revealed it.
Ethereum’s long/short ratio stood at 1.033, indicating strong bullish sentiment among traders. This metric further revealed that the number of traders betting on the long side is higher than those on the short side.
The primary liquidation levels were around $1,607.4 on the lower side, serving as support. Resistance was near $1,697 on the upper side, with traders appearing over-leveraged at these levels.
The sentiment may shift, and the price may move toward the downside, surpassing the $1,607 level. Nearly $546 million worth of long positions could be liquidated if this occurs.
Conversely, the sentiment might remain unchanged, and the ETH price could cross the $1,697 mark. In that case, approximately $122 million short positions could be liquidated.
Combining these on-chain metrics with technical analysis shows that bulls are in control of the market. Their dominance is driving ETH’s sustained upside momentum. Meanwhile, short sellers seem to be exhausted.