- Ethereum price surges towards $4,000 as whales accumulate 1,000–10,000 ETH, boosting market confidence.
- Market volume rises 50.99%, with options volume up 77.41%, signaling increased volatility ahead for Ethereum.
- Ethereum price tests key resistance at $3,700, with potential to break toward $4,200 if bullish momentum continues.
With more action by the whale, Ethereum price is rapidly surging towards the level of $4,000. Since late May 2025, large investors (1, 000 to 10,000 ETH) have been accumulating, along with the price-up. It speaks volumes about the post-BTC future of Ethereum and aligns whales towards additional returns, solidifying the $4,000 target.
Whale Accumulation Drives Ethereum Price Surge
Between December 2024 and June 2025, the Ethereum price rose above $1,000 to almost $4,000, with extensive whale accumulation. A sudden rise in whale net position change in May and June indicates whales were buying significantly before the price pump, stimulating market confidence.
Ethereum price is testing key resistance at $3,700. A continued break beyond this level would be aimed at $3,880, and $3,950 and possibly $4,200.
Source: MerlijnTrader/X
Nevertheless, if the price action fails to break through the $3,700 level, there is a tendency to move to the downside, supported at the level of $3,300 and further by the levels of $2,910 to $2,925.
Ethereum is trading above its 50-day EMA at $3,460 and above its 200-day EMA at $2,990, indicating that the bullish momentum is still favorable. The escape of the $3200-$3400range in June suggests additional potential upside so long as Ethereum remains above these critical support levels.
Market Liquidity and Volatility Concerns for Ethereum Price
The on-chain indicators show that the volume has grown sharply by 50.99% to $96.33B, so there is a significant activity on the market. The open interest has increased by 0.78% to 48.39B, reflecting increased activity among traders.
Additionally, the volume based on options skyrocketed by 77.41% to $1.37B, indicating a stronger expectation of dramatic pricing action.
Source: Coinglass
There is a supplementary liquidation data stirring volatility. The liquidation of long positions within the last 24 hours was at 9.86M, surpassing short liquidations. With Ethereum approaching the value of $4,000, the concentration of ETH among whales, the increased volume, and the open interest may result in significant price mov
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