Ethereum Price at Critical $1,600 – Whale’s Massive Accumulation Could Trigger 25% Rally

A long-silent Ethereum whale has just made a major move, snapping up millions worth of ETH after nearly three years of inactivity. The timing raises eyebrows, especially as Ethereum’s price trades near multi-year lows. While some see the buy as a sign of long-term confidence, others point to rising volatility and mixed on-chain activity. With whales stirring and market sentiment fragile, Ethereum finds itself in a key moment, caught between renewed Ethereum accumulation and the threat of deeper downside.

Ethereum Whale Moves and Market Implications 

The reactivation of a dormant wallet and a fresh multi-million dollar ETH purchase have injected new energy into Ethereum’s narrative. Coming after a sharp price drop in early 2025, the move suggests that smart money may view current levels as undervalued. This isn’t just speculative buying; it’s a patient investor re-entering during a stretch of widespread caution.

But the market isn’t all green lights. At the same time, this whale bought ETH, and large inflows from other addresses, particularly one linked to Galaxy Digital, moved thousands of tokens to exchanges. That kind of activity usually signals incoming sell pressure, especially in times of thin liquidity.

Ethereum is now at a decision point. If buyers like this whale continue to accumulate, it could trigger broader demand and stabilize prices. But if exchange inflows continue and volume dries up, ETH may test even lower levels. For now, the whale’s return hints at confidence, but the market needs follow-through before any reversal is confirmed. Let’s take a look at the Ethereum Price prediction to see how this will impact Ethereum.

Ethereum Price Prediction for April 19, 2025

On the 1-hour timescale, the ETH/USDT graph shows a consolidation phase as prices move side by side from the $1,560 support and $1,600 resistance levels. Ethereum has been trading within a tight range since dropping following denial from the $1,680 resistance level. The low volatility experienced recently shows market indecision, probably indicating accumulation or expectations of a breakout. At 52.41, the RSI shows neutral momentum without obvious overbought or oversold signals.

Chart 1: Analysed by vallijat007, published on TradingView, April 19, 2025

Earlier levels show consolidation; formerly, RSI peaks and dips precisely matched price reversals. Furthermore, the MACD indicator underpins the absence of a trend since the MACD and signal lines meet close around the zero line, and the histogram displays little momentum. A movement above $1,600 could suggest bullish continuation toward the $1,680 area; a drop below $1,545 could provoke a more severe correction. Until then, price action holds in a holding pattern, waiting for a definitive breakout either way.

 A Whale’s Bet Against the Odds

The dormant whale’s return signals long-term confidence in ETH, but the market remains fragile. With mixed on-chain signals and weak price action, Ethereum’s near-term trajectory hinges on whether Ethereum accumulation outweighs sell pressure. A breakout above $1,600 could validate the whale’s move, while failure risks retesting lower supports. For now, traders should watch for a decisive shift because when Ethereum whales wake up, markets tend to listen.

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