Ethereum Price Forecast: $900M Whale Accumulation Suggests 20% Surge Toward $4,000 
Key Highlights:
- Current Price Movement: Ethereum (ETH) is trading at $3,326.2 as of 1 PM, reflecting a nearly 20% recovery from its January 13 low of $2,900. The surge coincides with Bitcoin’s milestone of reaching $100,000.
- Whale Activity: On-chain data from Santiment indicates significant whale accumulation. Addresses holding 1,000–10,000 ETH increased their holdings from 14.17 million to 14.44 million ETH since January 7, equating to $900 million worth of tokens. This activity signals strong demand, supporting further price gains despite short-term volatility.
Technical Analysis: Falling Wedge Pattern
- Bullish Setup: Ethereum’s price has formed a Falling Wedge pattern since December 16, characterized by three lower highs and two lower lows. This technical setup projects a potential 17% price rally targeting $4,000, calculated by adding the wedge’s height to the breakout point.
- Key Levels: Ethereum could test the support zone between $3,132 and $3,057. This area is a critical accumulation zone for buyers and a profit-taking level for short sellers. A breakout above the upper wedge trendline around $3,400 would confirm bullish momentum, with profit targets at $3,592, $3,975, and $4,069.
Risk Factors:
- Bearish Scenario: If Ethereum breaks below the $3,132–$3,057 support zone, it could trigger a 13% decline to $2,657, with potential further downside to $2,341 under intense selling pressure.
Outlook: With $900 million in whale buying and a bullish technical setup, Ethereum appears poised for a strong rally toward $4,000. However, investors should monitor key support levels to manage risks associated with potential bearish moves.
