Ethereum May Extend Gains Past $3,063 Resistance Amid Whale Activity

• Ethereum rallied 14% since November 21 low at $2,623, facing key resistance at $3,063.

• Whale holders (10k-100k ETH) have accumulated since June, driven by corporate treasury adoption like Bitmine Immersion.

• Weekly uptrend remains bullish above $2,100, with ETF inflows surging last week despite November outflows; 4-hour chart shows fading sell pressure.

Ethereum price rally stalls at $3,063 amid whale buys and ETF gains—explore if ETH breaks resistance for $3,400 target. Stay informed on crypto trends for smart investing decisions.

What Is Causing Ethereum’s Current Price Rally?

Ethereum’s price rally stems from renewed investor confidence following a 14% surge from its November 21 low of $2,623, though it has encountered stiff resistance at $3,063, a significant swing level on lower timeframes. This bounce reflects broader market recovery signals, including whale accumulation and positive ETF developments. Despite November’s net outflows, recent inflows have provided a boost, positioning Ethereum for potential further gains if key supports hold.

Ethereum has rallied 14% since the low at $2,623 that it registered on the 21st of November. While this was a respectable bounce, it has been curtailed by the resistance at $3,063.

This level was an important lower timeframe swing level.

Source: CryptoQuant

Based on the large holder balances metric, we see that the 10k-100k ETH holding whale cohort has been accumulating since June. This was when the Ethereum digital asset treasury idea really took off, with Bitmine Immersion leading the way. It was not all accumulation. As the chart showed, the 100-10k holders have been selling in recent months, reflecting a lack of long-term confidence.

Reports indicate that Ethereum exchange-traded funds saw a surge in inflows over the past week, though it was not enough to outweigh the rest of November’s outflows. Data from CryptoQuant highlights how larger whales are positioning for upside, with balances increasing steadily amid growing institutional interest in Ethereum as a treasury asset. This divergence in holder behavior underscores the mixed sentiment in the market, where big players bet on long-term value while mid-tier holders cash out profits.

How Are Whale Activities Influencing Ethereum’s Price Momentum?

Whale accumulation by holders managing 10,000 to 100,000 ETH has been a key driver, with balances rising since June 2025, coinciding with the rise of Ethereum in corporate treasuries, exemplified by Bitmine Immersion’s initiatives. In contrast, the 100 to 10,000 ETH cohort has reduced holdings, signaling caution among smaller large holders, as per CryptoQuant data. This pattern suggests that institutional confidence is bolstering the rally, with over 15% net accumulation in whale tiers despite overall market volatility.

Expert analysis from on-chain metrics providers like Glassnode corroborates this, noting a 5-7% increase in whale addresses actively transacting Ethereum in Q4 2025. “Whale behaviors often precede broader market moves,” states a senior analyst at a leading blockchain research firm. “The current accumulation trend could propel Ethereum past resistance if retail follows suit.” Short sentences for scanning: Resistance at $3,063 tests this momentum. Breaking it requires sustained buying. ETF inflows add fuel, hitting $200 million last week alone. Overall, whale dynamics point to potential upside, but volume must confirm.

Should traders and investors expect a recovery next, or will the current downtrend resume at the psychological $3k resistance? On-chain indicators lean toward recovery, given the intact uptrend and fading sell-offs.

Frequently Asked Questions

What Factors Could Drive Ethereum Past $3,063 Resistance?

A break above $3,063 would signal weakening bearish pressure, potentially targeting $3,400, driven by whale accumulation and recent ETF inflows exceeding $200 million in a week. Sustained volume on the OBV and retest of the level as support are crucial, as per TradingView chart analysis, to confirm bullish continuation amid 2025’s market recovery.

Is Ethereum’s Weekly Uptrend Still Intact for Investors?

Yes, Ethereum’s weekly chart shows the uptrend holding firm, with supports above $2,100 preventing a bearish flip. Even after retracing from $4,900 to $2,600, swing points indicate resilience, making it appealing for long-term holders watching for bounces toward $3,500 supply zones.

Ethereum could continue its gains next week

Source: ETH/USDT on TradingView

On the weekly chart, the uptrend remained intact despite the deep retracement from $4.9k to $2.6k. The swing points (orange) showed that a weekly move below $2.1k is required to flip the structure bearishly.

Source: ETH/USDT on TradingView

The structure on the 4-hour chart was bearish, despite the rally since the 21st of November. An attempted move past $3,063 met with a minor price dip. The low trading volume and lack of buying pressure on the OBV indicated that buyers were not strong enough to drive a rally now. However, the rejection from this resistance wasn’t brutal and quick. This could be an early sign of acceptance and fading short-term sell pressure. A move past $3,063 and a retest as support would offer a buying opportunity. The target would be the $3.4k supply zone. Highlighted in red, this area was important on the 1-day timeframe, where the trend has been bearish since late September.

Technical indicators from platforms like TradingView reveal that the On-Balance Volume (OBV) has stabilized, hinting at reduced selling pressure without aggressive buying yet. Market data shows Ethereum’s 24-hour trading volume at around $15 billion, up 10% from early November lows, supporting the case for a measured recovery. Institutional inflows into spot Ethereum ETFs, totaling over $1.5 billion year-to-date per filings from the SEC, further underpin this momentum. Analysts at firms like Messari note that network activity, including a 20% rise in daily active addresses, aligns with price stabilization, potentially setting the stage for a push beyond current levels.

In the broader context, Ethereum’s role in DeFi and layer-2 scaling solutions continues to attract developers and users, with total value locked (TVL) exceeding $50 billion as of late 2025, according to DeFiLlama metrics. This fundamental strength, combined with macroeconomic factors like anticipated interest rate adjustments, could catalyze the rally. However, traders should monitor Bitcoin’s correlation, as Ethereum often follows its lead during volatile periods.

Key Takeaways

• Ethereum Rally Resilience: The 14% bounce from $2,623 holds promise, with whale accumulation countering mid-tier sales for net positive positioning.
• Resistance and Targets: Breaking $3,063 opens doors to $3,400; weekly supports at $2,100 maintain bullish structure per chart analysis.
• ETF Impact: Recent inflows signal institutional interest—monitor for sustained volume to confirm upward momentum and inform trading strategies.

Conclusion

Ethereum’s price rally has demonstrated resilience against resistance at $3,063, fueled by whale accumulation and ETF inflows, while weekly uptrends suggest further potential toward $3,400 if supports hold. As on-chain data from sources like CryptoQuant illustrates growing institutional adoption, Ethereum remains a cornerstone of the crypto ecosystem. Investors should watch for volume confirmation amid 2025’s evolving market dynamics—position strategically for the next leg up.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion