Ethereum Whales Add 1.4 Million ETH as Price Breaks Major Resistance, Nears $3,000
Ethereum’s recent price movements have caught the attention of the crypto market, not just for their strength but for what they reveal beneath the surface. Over the past several weeks, major Ethereum holders known as whales have significantly increased their positions, indicating strong conviction in the asset’s future.
These whales, each holding between 10,000 and 100,000 ETH, have been aggressively accumulating since mid-April, just as Ethereum’s price began a steep climb. This pattern, alongside key technical signals, is raising expectations of a longer-term bullish phase.
According to analyst Crypto Rover, large Ethereum wallets added over 1.4 million ETH between mid-April and mid-May. Their holdings grew from 15.8 million to more than 17.2 million ETH.
This accumulation period closely matches Ethereum’s price rally from around $1,600 to over $3,100. Notably, this surge allowed the token to break major resistance levels near $2,200 and $2,800.
Significantly, these whales began buying before Ethereum’s price spike, suggesting informed confidence. Their entry at relatively low price levels likely contributed to the bullish breakout. Hence, their actions may reflect inside knowledge, or at least a deep belief in Ethereum’s long-term value.
Related: Ethereum (ETH) Shows “Golden Cross”; Analysts See $3,000 Price Target
Further supporting the bullish outlook, technical analyst Ted Pillows highlighted the emergence of a golden cross on Ethereum’s 12-hour chart. The 50-period moving average recently crossed above the 200-period moving average, a technical pattern historically associated with sustained upward momentum and renewed investor interest.
Moreover, the crossover indicates increased buying pressure, reinforcing the idea that Ethereum’s uptrend is gaining strength. However, Pillows noted that Ethereum must hold above $2,200 to keep the momentum intact. A drop below this level could weaken the bullish case.
Ali Martinez, another leading analyst, identified $3,100 as the next major resistance for Ethereum. Meanwhile, the $2,233 mark stands as a vital support.
Related: ETH Faces Resistance at $2,625 While Support at $2,500 Holds
If Ethereum stays above this level, a further rally toward $3,000 could be likely. Conversely, slipping below $2,200 may expose the token to a retest of the $1,900 zone. At the time of writing, Ethereum is priced at $2,478.66 , reflecting a modest 1.29% daily gain. However, the past week shows a 2.74% decline, underlining short-term volatility.
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Solana Approaches Golden Cross – Is a Major SOL Rally Imminent?
Solana has been trading at about $170 over the last week after pausing following an earlier rally that began earlier in the month. The recent price action has caught analysts’ attention as most of them monitor signs of a so-called Golden Cross developing—a technical indicator that, if confirmed, might imply increasing momentum to come.
At the time of writing, the 50-day Solana moving average is higher than its 200-day average. Historically speaking, a crossover in a similar manner has produced strong rallies. With this trend persisting, an even 50% price appreciation is possible, with prices potentially pushing SOL up to $240 over the short term.
Traders have also seen a bullish “cup and handle” formation. This formation is normally seen leading into upward breakouts and lends further validity to the suggestion that prices might go further up. The $200 level is now a critical zone to monitor.
Crypto analyst Ali Martinez says that a close above $200 would validate the present bull chart setup. He has also shown a key area for a major breakout. That level is as much a matter of psychology as it is a wave strike price for an expiring set of call options on June 27. Traders who anticipate more short-term upward pressure have acquired these.
Interest in their options seems to be an indication of wider opinion. Solana rose 57.75% from April 8, outpacing Bitcoin’s advance over the same span. As Bitcoin broke $103,000, Solana’s more rapid progress sees it standing out among large tokens so far in 2025.
In spite of optimism, technical levels on the downside remain in play. Dropping below $160 is likely to reverse recent progress and take SOL all the way to $150. Analysts point out that keeping above $160 for the remainder of 2025 is required for any serious chance of breaching $200.
The Solana optimism is more than about price trends. Two Solana futures ETFs listed in the U.S. slipped into existence quietly in March. On March 20th, Volatility Shares listed the Solana ETF (SOLZ) and the 2x Solana ETF (SOLT). Although they did not compete with the flashy start for the inaugural Bitcoin ETF , they have received a good reception so far.
Inflows for SOLZ have been $13 million and $21 million for SOLT. With Solana’s recent success, assets under management now total $17 million and $32 million, respectively. That is small but significant, particularly when contrasted with Ether futures ETFs that could barely draw more than $30 million combined soon after their release in 2023.
Early numbers paint a picture of increasing investor optimism, even if Solana is far behind behemoths such as Bitcoin , whose market cap stands at $2 trillion. Ether, for its part, is at $300 billion, while Solana is at about $90 billion.
Dogecoin (DOGE) Technical Analysis Predicts 30% Upside
The price of Dogecoin (DOGE) is caught up in the current market selloff, which has seen it lose some of its gains in the past 24 hours. The coin’s setup is, however, indicative of a potential breakout in the long term. Despite the broader uncertainty, many now seek answers to whether the DOGE price can jump by 30% or more soon.
At the time of writing, DOGE price has buckled amid intense selling pressure on different timelines. In the past 24 hours, Marketcap shows its price has dropped by 3.18% to $0.2157. The trading volume is, however, up 95% within the same period.
The price outlook over the past two weeks differs, with the meme coin jumping by more than 25% during this time. Despite the close trading range, volatility has been so strong that it has become uncertain how much or when a breakout will occur.
Analysts have spotted a technical setup that may support a sustainable price revival. As it stands, Dogecoin is trading below both the resistance level at $0.225 and the 100-day Simple Moving Average (SMA). This price setup shows that, given the right triggers, there is enough room for a breakout.
According to Ali Martinez, Dogecoin is forming a declining wedge pattern, which is a bullish reversal trend. Based on our earlier news coverage , the DOGE price is expected to return to $1. Current positioning from analysts suggests this current setup may trigger the breakout.
However, the current technical setup is not a yardstick for discounting Dogecoin prices from more potential trend reversals. According to CryptoQuant contributor Burak Kesmeci, the top memecoin is combating the influx of retail traders into the futures market.
According to our recent analysis , this futures setup typically marks a cycle top. With the DOGE price fluctuating below the critical resistance level of $0.24, this offers more likely distress for the memecoin.
Important support and resistance levels have emerged amid expectations of a price rebound. The first major resistance is $0.232, and the immediate support level is $0.22.
To fuel the market’s strength, key fundamentals in the Dogecoin market include the push for an Exchange Traded Fund (ETF) in the United States. Several asset managers, including Grayscale and Franklin Templeton, have filed for a DOGE ETF.
As we discussed earlier, the US SEC recently pushed back the decision on these products. While no outright denial or approval has been given, the market remains optimistic about what to expect.
Other products are also likely to fuel the broader Dogecoin price rebound. As featured in our recent coverage, Coinbase has plans to launch the cbDOGE product on the Base network. This will further help drive liquidity to the memecoin, setting it up for more rallies ahead.
A DOGE breakout this month has long been predicted, and the current setup is making it more realistic.
Crypto News: 3 Altcoins Poised for a Breakout This Week
After experiencing a rally last week, Bitcoin’s (BTC) dominance has slightly increased by 0.62% to 62.91%, and the Bitcoin exchange balance has decreased by 0.06%. A decline in exchange balances typically suggests that investors are moving their assets off centralized platforms and into self-custody or cold storage.
Supporting this sentiment is the Fear and Greed Index, which currently reads 71, placing the market firmly in the “Greed” zone. This metric, which ranges from 0 (extreme fear) to 100 (extreme greed), reflects growing bullish sentiment among market participants. Monday kicks off with the cryptocurrency market keenly observing Bitcoin (BTC), Ripple (XRP), and Solana (SOL).
Bitcoin currently trades at around $102,463, having dipped slightly by 1.27% in the last 24 hours. Its volume has increased by 90.77%, to $ 65 billion, and as of now, analysts are eyeing the 105,600 resistance level with the expectation that a solid breakout above it would assure the continuation of the trend.
Additionally, BTC is gaining broader acceptance with Strategy, formerly Microstrategy, buying 7,390 BTC at a cost of about $764.9 million at a mean exchange rate of $103,498. Strategy had a year-to-date Bitcoin return of 16.3%, and according to the announcement, the company now possesses 576,230. This just spurred Metaplanet, a Japanese investment firm, to increase its BTC holding to 78,00. At the same time, Analyst Ali Martinez has reported that “BTC ETFs weekly inflows have cooled off from $2.72 billion in late April to roughly $277 million!”
Solana is also picking up some steam this week. One thing to note is that several asset managers, including Grayscale, Bitwise, Canary, 21Shares, Franklin Templeton, and VanEck, have also submitted applications for spot Solana Exchange Traded Funds (ETFs) to the Securities and Exchange Commission (SEC). Additionally, JPMorgan projected a price target of $500 for SOL by 2026, backed by the growing institutional interest SOL is getting and the potential of ETF approvals.
Currently, Solana is a meme coin juggernaut, but most of them have recorded double-digit losses in the past week. The Trump meme coins TRUMP, BONK, and FARTCOIN are down 11.8%, 19.2%, and 15.0%, respectively. Hopefully, this week will be different, and Solana can bust through the high of $184 we saw last week and hit the $200 level. Its trading volume is up by 125.83%, at $17.17 billion, which indicates heightened market activity.
Ripple is making major moves toward the mainstream. As reported by Crypto News Flash , the fourth-largest crypto by market cap, now at $135 billion, is gaining traction with banks, financial institutions, and everyday users. A major milestone in this push is the launch of XRP futures on the CME Group, the world’s largest derivatives exchange. This has sparked fresh optimism, with many in the industry believing it could pave the way for an eventual XRP ETF approval from the SEC.
XRP’s price, however, has seen some pressure lately. It’s currently trading at $2.30, down 9.12% over the past week and 3.40% in the last 24 hours. Analyst Ali Martinez weighed in , noting that if XRP loses its $2.30 support, it could slip back to $2.
United States: Bitcoin ETFs See Record Inflow Over 5 Weeks
Bitcoin stabilizes above 100,000 dollars, trading recently around 103,000 dollars. Meanwhile, Bitcoin ETFs listed in the United States are showing impressive momentum. Recent inflow statistics have reignited investor interest. Indeed, the price movement of BTC now appears to be closely correlated with these financial instruments. This synchronicity is no longer a coincidence: it is a market signal.
Since their launch in January 2023, Bitcoin ETFs have experienced a zigzag progression. After a mixed start, the market is now witnessing a fifth consecutive week of positive inflows . The last week, in particular, left an impression with over 603 million dollars injected.
On Friday, May 16, the figures were unequivocal: 260 million $ flowed in a single day. Notably, no ETF recorded outflows that day. These performances confirm increasing institutional mobilization.
Key figures:
Despite this apparent strength, the pace is slowing. The last week of April crossed the billion-dollar mark, compared to only 600 million recently. Yet institutional support remains massive, structured, and strategic.
The BTC price remains calm, but this calm hides a strategic accumulation. Bitcoin oscillates within a narrow range, around 103,362 $. On the surface, everything seems frozen. In reality, ETF data strongly influence price expectations.
Analyst Ali noted :
A massive rejection at 105,900 $. The crucial support for bitcoin is now at 103,400 $ and 101,300 $.
In other words, the market remains technically tense. A 5% drop or a 13% rise are possible depending on the direction taken. Rekt Capital, for his part, warns: “2025 will be the year of the peak of bitcoin’s bull market.”
Thus, even in the absence of immediate volatility, bullish fundamentals are accumulating.
Meanwhile, ETF flows reveal ongoing institutional consolidation. Data shows ETFs have experienced only one negative day out of five, a clear sign of resilience despite general caution.
While prices stagnate, whales accumulate between 93,000 and 95,000 dollars. Why? Because on-chain data indicates real, spot demand, far from derivative products. Coinbase recorded buying pressure, Binance reduced its sales. This precise signal drives large holders to buy massively . It is a disciplined buy-the-dip strategy that could well foreshadow the next bullish cycle.