Whales Are Buying Ethereum — Is a Massive Q2 Explosion Coming?

Ethereum (ETH) is showing strong technical and on-chain signals that suggest a major move could be brewing in Q2 2025. After trading in a well-defined range between $1,810 and $1,780 on the 5-minute chart, ETH briefly dipped below support before bouncing back sharply. This recovery was driven by oversold RSI conditions, and price action now follows a rising channel, targeting $1,830 and potentially $1,880 if bullish momentum continues.

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The MACD indicator has flashed multiple golden and death crosses, highlighting short-term volatility. RSI is nearing overbought territory, which could lead to a pullback, but as long as ETH holds above the key $1,780 support zone, buyers remain in control.

According to popular analysts like Mister Crypto and CryptoGoos, ETH may have already bottomed. Mister Crypto compared ETH's current setup to its 2020 cycle, pointing out that whales are aggressively accumulating while retail investors exit. Wallets holding over 10,000 ETH are increasing, indicating strong confidence from large holders.