Ethereum just got a significant vote of confidence. Recent data from CryptoQuant reveals that in the last two days alone, long-term holders, wallets that rarely, if ever, sell, have scooped up over 640,000 ETH, marking the biggest accumulation event of its kind since 2018. This quiet but powerful move comes as Ethereum briefly crossed $1,800 before pulling back, mirroring a wider market dip. But there’s more brewing under the surface. Network activity is heating up too, with active addresses jumping nearly 10% in just a few days. These signs suggest something bigger might be building behind the recent ETH price noise.
Chart 1, Published on CryptoQuant on April 25th, 2025.
While ETH has slipped around 3% in the past 24 hours, these Ethereum whale moves and rising user activity hint at growing conviction, not panic. It seems the smart money is buying the dip, not fleeing it. Let’s dive into the short-term chart to see if the ETH price action is starting to reflect this quiet accumulation.
ETH Price Analysis of 25th April, 2025
The ETH price action on a 5-minute chart on April 24th exhibits a strong bearish trend early in the session, where Ethereum price traded within a descending channel. Selling pressure intensified, dragging the ETH price toward the key support zone at $1,720 by 08:45 UTC. This area coincided with RSI entering oversold territory, confirming exhausted momentum. As price hit support, a sharp reversal ensued, with ETH launching into a clean recovery supported by a series of MACD golden crosses. This uptrend continued steadily, forming an ascending channel and pushing the price to $1,777 by 15:30 UTC. However, near-term resistance at $1,780 capped further upside.
Chart 2, Analyzed by Alokkp0608, published on April 25th, 2025.
ETH faced intraday volatility between 15:30 and 00:00 UTC as it rejected just below resistance and quickly fell to $1,750 by 17:00 UTC. MACD in this range displayed mixed signals with alternating crosses, while RSI briefly entered overbought and then normalized. The ETH price consolidated in a horizontal-to-downward drift through the evening, failing to retest day highs and preserving higher lows along the trendline. Despite repeated short-term pullbacks, support around $1,750 held firm. This consolidation within a rising structure hinted at bullish continuation, especially as buyers gradually absorbed selling pressure without losing key structure.
ETH Price Outlook: What Lies Ahead for Ethereum?
In the early hours of April 25th in UTC, a fresh bullish momentum enveloped the markets again as ETH rose to $1,790 by 01:10 UTC, before falling back to $1,740 by 03:00 UTC. This spike-drop pattern aligned with RSI briefly revisiting overbought levels and then quickly falling toward oversold. However, this dip became another opportunity for bulls, as ETH bounced cleanly off trendline support and re-entered an ascending channel. In this latest Ethereum update, the MACD histogram again turned positive, supporting upward price momentum. As of the latest price action, ETH Price is trading at $1,776, regaining ground with upward bias.
Ethereum Bulls Are Back in Control — Is $1,800 the Next Stop?
Ethereum’s latest bounce from $1,740 and steady climb back to $1,776 shows bulls are far from done. The price still respects the ascending channel, and with MACD turning green again and RSI staying balanced, the momentum is clearly shifting upward. If ETH can break through the resistance zone of $1,780–$1,800, we may see a move toward $1,825 in the short term. As for the downside, $1,750 and $1,740 remain key levels to hold if this rally is going to remain intact amidst volatility.
In this Ethereum update, whale activity adds more fuel to the fire. Over 640K ETH has quietly flowed into long-term holder wallets. That kind of accumulation during a dip says a lot. It looks like smart money is already positioning for what’s next.
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