Ethereum Price Eyes $4,000 After Whales Accumulate and $2,400 Hold
Ethereum price is consolidating near $2,450, with traders watching the critical $2,400 support level. On-chain data shows whales bought nearly 1 million ETH in a single day—the largest single-day purchase since 2018—while spot ETH ETFs recorded over $200 million in inflows this week. Analysts including Michaël van de Poppe and Degen Hardy expect that holding above $2,400 builds momentum for a breakout toward the $2,720–$2,860 resistance zone and potentially $4,000. Key technical indicators support this view: Ethereum price remains close to the Bollinger Bands’ midline, the RSI hovers around neutral, and MACD shows signs of a bullish crossover. Traders should monitor support at $2,400 and $2,233 for short-term stability. Meanwhile, Subbd’s presale of its ERC-20 token SUBBD has raised $699 K so far, positioning the project as an AI-powered Web3 subscription platform. Ethereum price momentum and whale accumulation suggest bullish prospects for both ETH trading and related token launches.
Bullish
Whale accumulation of nearly one million ETH in a single day and strong spot ETF inflows indicate renewed institutional and retail interest, building significant buying pressure. Technical analysis shows Ethereum price holding above the $2,400 support and testing the $2,720–$2,860 resistance zone multiple times, suggesting momentum for an upward breakout. Key indicators such as Bollinger Bands midline support, a neutral RSI poised to rise, and a narrowing MACD gap reinforce the potential for a rally toward $4,000. Similar past events—like large whale buys preceding major rallies in 2021—demonstrate how concentrated accumulation can trigger bullish squeezes. The concurrent success of the Subbd presale adds positive sentiment around the Ethereum ecosystem, further underpinning a bullish outlook in both short-term trading and long-term network growth.