Ethereum Price Prediction – Why ETH Could Retest $2000 Soon

Highlights:

• Ethereum is trading below a critical resistance level
• Breach of resistance could trigger a rally to $2000 
• Rising whale buying could trigger an Ethereum rally through resistance

Ethereum (ETH) whales are back in the market, which has led to Ethereum recording a 4.02% increase intra-day. At the time of going to press, Ethereum was trading at $1,685.02. This rally comes amid shifts in investor sentiment toward riskier assets. Trading volumes have risen to $17.32 billion, a 27.90% increase, a further indicator of growing investor confidence in Ethereum.  

Investor Interest Rises as Ethereum on Perceived Undervaluation  

Ethereum’s price surge can be attributed to the growing belief held by investors and analysts that the digital asset is undervalued. Although ETH is the second-largest digital asset, it hasn’t been able to outperform Bitcoin or even Solana in the past year. These developments are being noticed by seasoned investors who are seizing the opportunity, believing that Ethereum can’t go any lower.  

Analysts Correlate Ethereum’s Price Action Now and in March 2020

One of the observers is crypto analyst Carl Moon, who highlighted Ethereum’s setup as similar to what was seen in March 2020. Ethereum went from a low of  $109 before embarking on a historic rally to $4,800 by the end of the subsequent two years. Moon cites several technical and sentiment indicators that suggest, as historical patterns have shown, that a relatively explosive recovery might be imminent.  

This hypothesis is primarily supported by the performance of Ethereum’s trading pairs, ETH/BTC and ETH/SOL. Both pairs have demonstrated Ethereum’s relative weakness with sustained downtrends. Nevertheless, these ratios are stabilizing, resulting in an increasing consensus that Ethereum’s bearish slide may end. 

Whale Accumulation Suggests Possible Breakout for Ethereum

Whale activity is another indicator that investor interest in Ethereum is rising. A major Ethereum whale, for example, moved 15,953 ETH, approximately $26 million, from OKX to the decentralized lending platform AAVE. The whale then collateralized the ETH and borrowed $15.4 million in USDT (Tether). Analysts consider this a precept of “smart money” accumulation in which stablecoins are borrowed while ETH is held onto. The expectation is Ethereum price appreciation. 

$26M $ETH Moved in the Shadows — Mysterious Whale Makes Bold Aave-OKX Play

A mysterious whale — or perhaps an institution — just made a massive and ca… https://t.co/oGiqM8V4UL pic.twitter.com/K3bi0oK0nd

— EyeOnChain (@EyeOnChain) April 14, 2025

This whale behavior also points toward a reduction in selling pressure, which is interesting for a different reason. Removing ETH from exchanges and locking it into DeFi platforms increases the deficit supply, which may raise prices. 

Ethereum’s Roadmap Builds Investor Confidence

Ethereum’s roadmap also hints at a bullish future. Expansions like proto-dank sharding, a significant stepping stone towards scalability, showcase Ethereum’s potential and value. Moreover, the incredible development of Layer 2 solutions, including Optimism and Arbitrum, increases usage, reduces congestion, and enhances the efficiency of the Ethereum mainchain, marking a step further towards broader adoption.

Ethereum is shifting gears.

The new @ethereum roadmap puts performance, modularity, and autonomy at the center – with faster hard forks and long-term AI.

What this means for devs, $ETH infra, and the future of #L1: https://t.co/imMDGmahxl pic.twitter.com/JjGP4ozCx6

— NOWNodes (@NOWNodes) April 14, 2025

These developments have profound economic impacts that go beyond user experience. Adopting these changes shifts the Ethereum landscape, enabling developers to create more applications as Ethereum becomes more valuable and cost-effective. This dynamic positions Ethereum as the fundamental building block of a mainstream decentralized internet and enhances its value accordingly. 

Chart Patterns Point to Potential Ethereum Breakout

Technical chartists also see Ethereum’s price action as a bullish signal, as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) point upward. A break in the current resistance levels is expected to send Ethereum soaring, with estimates as high as $8,000, once a distant milestone just a few months ago.

Ethereum is showing signs of weakness below the $1678.6 resistance. If bears take control, there is a high chance that Ethereum could drop to $1582.9 support in the short term. 

Conversely, if bulls take control and push Ethereum through the  $1678.6 resistance, a short-term rally to $1800 could follow. 

Conclusion

Ethereum’s price action hints at a possible bullish breakout. Fundamental factors like the rising whale interest in Ethereum indicate that big money expects Ethereum to rally in the short to medium term. If momentum increases, Ethereum could soon be headed for a retest of $3000 in the short term.