Key Notes
- ETH gained over 7% after briefly dipping to $2,131.
- Whale/establishment purchased over $8.9 million value of ETH on Tuesday.
- Buying and selling quantity jumped 18%, reaching $28 billion in 24 hours.
Ethereum
ETH
$2 445
24h volatility:
3.8%
Market cap:
$295.11 B
Vol. 24h:
$22.42 B
has rebounded sharply from Sunday’s low of $2,131, now buying and selling at $2,409 with a 7% day by day achieve.
The second-largest cryptocurrency has additionally seen an 18% soar in its 24-hour buying and selling quantity, which presently stands at $28 billion.
The uptick coincides with a major whale activity. Knowledge from LookonChain revealed that on Tuesday morning, a whale, probably linked to ConsenSys, acquired 3,704 ETH value round $8.91 million through Galaxy Digital’s over-the-counter (OTC) desk.
The whale/establishment (most likely linked to ConsenSys) purchased one other 3,704 $ETH($8.91M) by means of Galaxy Digital OTC ~20 minutes in the past.
They’ve purchased a complete of 161,112 $ETH(422M) by means of Galaxy Digital OTC up to now 3 weeks. https://t.co/cW8EvzSFxt pic.twitter.com/7K7o4EOXNu
— Lookonchain (@lookonchain) June 24, 2025
It’s fascinating to notice that the identical entity has gathered 161,112 ETH valued at over $422 million over the past three weeks by means of Galaxy Digital OTC.
ETH Value Outlook
On the time of writing, Ether is buying and selling round $2,409 with a market cap of $290.86 billion.
On the day by day ETH worth chart, the RSI has bounced from near-oversold territory to round 48. This means a neutral-to-bullish sentiment and if RSI strikes additional upwards, it could affirm constructing power.
ETH worth chart with RSI and Bollinger Bands | Supply: Buying and selling View
Bollinger Bands present that ETH is now approaching the midline (20-day SMA), indicating a restoration from oversold situations. A sustained shut above the higher band round $2,800 might set off a transfer towards the highly-anticipated $3,000.
In the meantime, the MACD continues to be within the bearish area with the MACD line beneath the sign line, however the hole is narrowing. This hints at a possible bullish crossover in coming classes. Nonetheless, within the short-term, ETH should maintain the $2,350 assist to forestall one other pullback towards $2,100.
ETH worth chart with MACD | Supply: Buying and selling View
Whereas ETH faces volatility within the short-term, analysts are expressing optimism in the long-term. Widespread analyst Mister Crypto said on X that ETH seems to be consolidating inside a five-year sample and is more likely to escape quickly. He urged buyers to stay affected person.
$ETH will escape of this 5-year lengthy consolidation sample.
You simply want persistence! pic.twitter.com/APDrrmyENI
— Mister Crypto (@misterrcrypto) June 24, 2025
One other distinguished dealer, Christiaan, echoed the sentiment, predicting a worth transfer past $3,000 within the mid-term, a 25% achieve from present ranges.
$ETH is prepared for $3000+, don’t be sidelined! pic.twitter.com/r2xwCQxyHq
— Christiaan (@ChristiaanDefi) June 24, 2025
Notably, Ethereum is presently 50% beneath its all-time excessive of $4,891 from November 2021.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm data by yourself and seek the advice of with an expert earlier than making any choices primarily based on this content material.
A crypto journalist with over 5 years of expertise within the business, Parth has labored with main media retailers within the crypto and finance world, gathering expertise and experience within the area after surviving bear and bull markets over time. Parth can also be an writer of 4 self-published books.
