Altcoins News

Story: Ethereum Drops 4% But Whale Activity and EMA Signals Point to $3,000 Rebound

By MikeT

1 / 15

Ethereum Drops 4.93% Amid Market Volatility.  Ethereum fell 4.93%, trading at around $2,630 or IDR 43 million. The 24-hour high stood at IDR 45.

2 / 15

Bullish EMA Crossover Suggests $3,000 May Be Next. Ethereum's daily chart has just recorded a bullish crossover between the 20-day and 200-day EMAs,…

3 / 15

RSI Shows Strength as Buying Pressure Grows. Ethereum’s Relative Strength Index (RSI) has also climbed to 71, which typically indicates strong…

4 / 15

Whale Investors Accumulate Over 1 Million ETH. A major bullish driver behind Ethereum’s current outlook is whale accumulation.

5 / 15

Capital Rotation From Solana to Ethereum Adds to Bullish Case. Another factor contributing to Ethereum’s momentum is the capital rotation out of Solana (SOL) and…

6 / 15

What to Watch Next for Ethereum Price. For Ethereum to confirm a move to $3,000, the price must:

7 / 15

Final Thoughts. Despite a sharp 4.9% drop, Ethereum’s current technical structure — including a bullish EMA…

8 / 15

Ethereum slipped by nearly 5% on May 31, 2025, dropping to $2,630. But despite the pullback, signs of a bullish reversal are emerging, supported by technical signals and heavy…

9 / 15

As the crypto market reacts to broader volatility, Ethereum has outperformed Bitcoin over the past week and now sits on the verge of a possible rally toward the key $3,000 mark.

10 / 15

According to CoinMarketCap, Ethereum’s market capitalization currently stands at $317.35 billion, with a 24-hour trading volume of $24.

11 / 15

While Bitcoin saw a modest 2% decline during the same period, Ethereum’s deeper correction is now being interpreted by analysts as a potential setup for a breakout, especially…

12 / 15

The last time a similar crossover occurred, ETH surged from $3,100 to $4,000 in less than a month — a 28% rally.

13 / 15

In addition, the 50-day EMA is converging with the 100-day EMA, reinforcing a strong zone of support. As a result, traders are increasingly eyeing the 123.

14 / 15

If momentum continues, Ethereum may climb toward $3,000, then test resistance around $3,400, which corresponds to previous highs and technical targets.

15 / 15

However, if the bullish momentum fades, ETH may retrace to the 78.6% Fibonacci level at $2,440, which now acts as a critical support.

The Currency Analytics

Want the full story?