The post ETH Price’s Road To $12K: Historic RSI Lows Signal This appeared on BitcoinEthereumNews.com.

Ethereum whales purchased 470,000 ETH, while the RSI indicator reached its lowest level in years. While ETH price continues in its consolidation phase, technical indicators and institutional activity point to an upcoming rally. Whales Add 470,000 ETH in a Week Amid Price Consolidation Large Ethereum holders have demonstrated robust buying activity during the previous week. Santiment data indicates that Ethereum wallets with holdings between 10,000 and 100,000 ETH purchased a total of 470,000 ETH in seven days. The rise in whale purchases occurred as the token maintained its price between $1,850 and $2,150. Ethereum wallets (10,000- 100,000 coins). Source: Santiment Moreover, large investors have been accumulating Ethereum during its March price dip, which indicates they might be planning for a longer-term market shift. Wallet balance increases show that investors have become more optimistic about the market despite ongoing market volatility. Whale accumulation patterns frequently serve as market direction predictors, thus future accumulation activity might shape market trends during upcoming weeks. ETH/BTC Chart Patterns Suggest Potential Breakout for ETH Price Looking at price action, the trading relationship between Ethereum and Bitcoin has gained substantial market interest. The ETH/BTC pair shows the potential formation of an Adam & Eve pattern, according to analyst Ali_charts, through his post on X. This pattern indicates that an ETH price increase may occur if it is validated. The pattern has formed over multiple years and could trigger a test of its important resistance point soon. ETH/BTC adam & eve pattern. Source: X The current ETH/BTC ratio stands at 0.0235, but Ali predicts a successful breakout could drive it up to 0.0019 BTC. The historical data indicates that such a breakout would redirect capital from Bitcoin to Ethereum. The pattern’s confirmation requires a neckline breakout accompanied by consistent buying activity. Furthermore, according to analyst Crypto Patel, the…

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Filed under: News - @ March 25, 2025 9:16 pm