After a sharp decline in October and November, Ethereum has finally stabilized and the chart structure is starting to resemble the early stages of a trend reversal rather than a simple bailout rebound. Gaining momentum, the price is heading towards the 20-day moving average after recovering the $3,100 mark.
break out of the whale’s position
But the whale’s off-chart location is the most notable development. Unanimously, some of the smartest and best-behaved whales in the ecosystem are holding ETH longer and getting bigger. BitcoinOG is a trader with a total profit and loss of $105 million and holds 54,277 ETH, or approximately $169.48 million. The “anti-CZ” whale is long 62,156 ETH, with a position worth approximately $194 million, and a total profit/loss of $58.8 million. Pension-usdt.eth, another steadily profitable company with a P&L of $16.3 million, went long 20,000 ETH (approximately $62.5 million).
According to the short-term structure, ETH has risen from its $2,800 base, formed higher lows, and stabilized above the initial breakdown level. The 50-day moving average and 100-day moving average remain strong resistance lines, but the downward slope is becoming more gradual. If ETH can break out of the $3,350-$3,450 range, it could move towards $3,800 and eventually reach the psychological $4,000 barrier.
Potential targets for Ethereum
This is the point where the location of the whale becomes important. Significant accumulation at these levels indicates that the whales may eventually regain the $3,500-$4,000 range, the threshold needed to resume the macro uptrend. If the price can break through, a path to $5,000 will be possible. It’s not because of the hype, it’s because the market will finally rally behind the players with deep pockets and precision.
Investors should expect increased volatility, increased upside momentum, and a shift in sentiment as the whale conviction permeates broader market behavior. Ethereum has not yet reached $5,000, but the foundation for it is now established.
