The post Ethereum in 2025 – Whale actions, market trends, and other key insights! appeared on BitcoinEthereumNews.com.

Ethereum’s price surged to $3,380, marking a 4.6% hike within just 24 hours Recent whale deposits on Kraken, alongside rising OI, hinted at potential short-term price pressure Ethereum (ETH), the second-largest cryptocurrency by market cap, continues to exhibit dynamic market trends in early 2025. A giant whale recently deposited 20,000 ETH (Valued at $67.6 million) into Kraken, reigniting discussions about large-scale investor activity and its influence on Ethereum’s price movement. This whale, who once withdrew 217,513 ETH from exchanges in September 2022, has been actively engaging with Kraken since March 2024.  Such moves often signal significant shifts in market sentiment and liquidity, prompting traders to evaluate key indicators and prepare for potential price changes. A closer look at Ethereum’s market performance On the back of weaker-than-expected CPI data, Ethereum’s price climbed to $3,380 after gains of almost 5% in 24 hours. Its 24-hour trading volume hit an impressive $26.2 billion, highlighting robust market activity and significant interest from both retail and institutional investors. Similarly, the altcoin’s market cap sat at $407.2 billion – A sign of steady investor confidence despite periods of heightened volatility.  The aforementioned whale’s latest 20,000 ETH deposit seemed to be in line with Ethereum’s latest price peak, hinting at potential profit-taking or anticipation of a price correction. Historically, large-scale deposits by whales have preceded bouts of sell pressure on ETH’s price due to greater sell-side liquidity. However, this pattern is not always definitive.  External factors such as macroeconomic developments and Bitcoin’s price correlation also play a crucial role in Ethereum’s trajectory. As Bitcoin stabilizes above $95,000, Ethereum traders can anticipate sustained bullish momentum. Additionally, the expansion of ETH staking and the deflationary effect of EIP-1559 further bolsters its long-term appeal.  ETH’s price action and key indicators Ethereum’s price has seen significant volatility, shaped by both technical factors…

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Filed under: News - @ January 17, 2025 5:24 am