ETHUSD Consolidates After 30% Surge: Whales Repositioning, $3000 Target in Sight?

ETHUSD  is consolidating after gaining more than 30% in past 3 weeks.It hits an high of $1857 previous week and currently trading around $1811.37.

As of April 2025, there are around 5,300-5,350 Ethereum whale wallets that have a 1,000-10,000 ETH capacity. Although there were more wallets somewhat since mid-April, in late March 2025, there was a one-month low of about 5,329. These wallets collectively contained a total ETH of about 12.5 to 14 million at the start of 2025, and they shed some 200,000 ETH in March, which is repositioning or profit-taking. The quantity of whale wallets is limited but the positions are shifting based on market forces.

Overall trend remains bullish  as long as support $1500 remains intact. The key near-term resistance is at $1875 (trend line joining $4109 and $3746) any breach above targets $2000/$2300/ $2500/$2770/$3000/$3400/$3600/$3800/$4000. A robust bullish trend will only materialize above $4100.

Immediate support is around $1675. Any violation below will drag the price down to $1620/$1500/$1200/$1000. A breach below $1000 could see Ethereum plummet to $800/$500.

It is good to buy above $1875 with SL around $1500 for a TP of $2770/$3000.