Ethereum eyes $2,000 as whales re-enter market

Ethereum (ETH) price has climbed to $1,680, up 5,12% since the week’s open, driven by renewed whale activity and optimism following Donald Trump’s tariff pause on countries excluding China. A mysterious whale reportedly purchased 15.953 ETH (~$26,45 million), with the assets deposited on Aave. While this move doesn’t directly spike ETH’s price, it signals improving market sentiment.

Technically, Ether remains bullish. The MACD shows a buy signal, and the RSI is testing a descending trendline resistance, hinting at further upside. However, ETH continues to trade within a descending channel since mid-December, with critical resistance levels at the 50-day EMA ($1,990), 100-day EMA ($2,325), and 200-day EMA ($2,609).

Traders eye a breakout above $2,000, but macro uncertainty — especially Trump’s unresolved trade war with China — continues to fuel market volatility, as highlighted by K33 Research.

Interesting insights! The technical indicators are definitely something to watch. Keeping an eye on those resistance levels and market sentiment will be crucial for upcoming trading decisions. 