Ethereum (ETH) Price Prediction: Whale Activity and Market Sentiment Amid Volatility

Ethereum has been under pressure, hovering around the $1,600 price territory, down 10% for the week and a whopping 54% from its December 2024 peak.

Ethereum (ETH) has been struggling to gain traction, trading at around $1,600, down 10% for the week and a whopping 54% from its December 2024 peak. The recent drop has sparked fear throughout the market, and even the Ethereum whales are getting nervous about their ongoing losses.

One Ethereum whale sold off more than 3,700 ETH at a significant loss. However, not every whale is flying out of the shallow end of the pool. Market experts believe dealing with macroeconomic facts - particularly inflation data and tariff decisions - could bring about the next move (likely up in price action) for ETH.

Ethereum Whale Activity and Market Sentiment Amid Volatility

As Ethereum endures the burdens of the rest of the market struggling, it has been a hard time for many investors, and especially short-term holders who have suffered steep losses. One extremely large whale selling over $6 million worth of ETH only adds to the uncertainty, but long-term holders still have their adds.

Ethereum has also increased by 3% from 24 hours ago with a current price of $1,859.51, which suggests there may still be a glimmer of hope for recovery. Investors are also now watching macroeconomic events that might just change the course of Ethereum’s price action.

Macroeconomic Events Could Drive ETH Price Rally

In the coming months, many experts are hopeful that several significant macroeconomic events, including the impact of tariffs imposed by Trump, inflation reports, and possibly others, will lead to a change in sentiment for cryptocurrency markets. Some analysts have even suggested that the coin could stage a massive ETH price rally, perhaps even back toward $5,000 by the end of the year, assuming history is a guide.

The idea is that declining inflation will spark investors to deploy risk capital into assets like cryptocurrency and that all of this will occur during an ideal market environment for Ethereum to appreciate once again.

With that in mind, let’s dive into a detailed technical analysis of Ethereum’s price movements and the indicators that could point toward a potential rally.

Price Analysis and ETH Price Prediction

The trading session on 31st march for ETH strtarted within a narrow range of $1,820–$1,770. The MACD recorded an early golden cross, signaling an initial bullish shift, while the RSI stayed within a neutral zone, indicating a balanced market sentiment without extreme buying or selling pressure. This technical setup implies that although bullish momentum was gradually building, the market was not yet in an overextended state. The interplay of these indicators suggests that early price movements were more a cautious buildup than a radical reversal.

Chart 1, Analyzed by Alokkp0608, published on April 1st, 2025.

Currently, ETH has established a more pronounced uptrend channel with critical support near $1,800 and resistance around $1,870. Continued golden crosses on the MACD further underscored the prevailing bullish trend, while the RSI maintained steady readings that confirmed controlled upward momentum. This consolidation near key levels sets the stage for a decisive breakout, as sustained buying pressure developed when a golden cross was constructed. Traders should keep an eye on momentum indicators and volume trends, as any unexpected divergence could signal an impending reversal. A clear move past resistance is expected to pave the way for additional gains.

Conclusion: Ethereum Price Could Surge as Market Dynamics Shift

Ethereum has recently faced price troubles based on macroeconomic uncertainty, creating a heightened state of market tension. The ongoing Ethereum whale activity, alongside short-term losses and long-term holders’ unwavering faith, is presented with a slow bid uptrend.

Investors are awaiting macroeconomic circumstances, such as tariffs and inflation reports, to potentially shift the market. Continued movements above $1,800 and respect for active market structure support levels could drive an upward trend, potentially leading to significant price swings.

Market momentum is gradually building, and now, with a catalyst on the way, Ethereum may see prices closer to $4,000 before the end of the year. Investors should monitor important breakouts and sustained buying pressure for confirmation of the rally. The ETH price prediction indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action.