ETH rose 7% in the past day, breaking back above the 50-week moving average (MA) near $3300, with historical data showing that this phenomenon typically signals strong price momentum.
Key Points:
Ethereum may have established support around $2800, indicating a local bottom formation.
The ETH price previously surged 100% after breaking back above the 50-week moving average.
Ethereum whales have accumulated nearly 1 million ETH in three weeks.
Data from Cointelegraph Markets Pro and TradingView shows that the ETH/USD trading pair strongly rebounded from the $2800 support level, rising 20% to the current price level of $3362.
This breakout has allowed the price of Ether to regain a key technical indicator—the 50-week exponential moving average (EMA)—significantly increasing the likelihood of a steeper rise in the coming days or weeks.
Historical data indicates that when the price closes above the 50-week EMA (purple wavy line), ETH tends to experience significant increases. This altcoin saw a rise of 147% from October 2023 to March 2024, and recorded a 97% increase in the third quarter of 2025.
Investor StockTrader_Max stated in a post on the X platform on Tuesday: "$ETH has reclaimed the 50-day moving average. I hope to see it break the 200-day moving average at $3500 in the coming days, with bulls turning this area into support." He added:
Analyst CyrilXBT pointed out, "The 50-week moving average is now a key line that needs to be held to increase the chances of advancing towards the $4000 area."
As reported by Cointelegraph, the ETH price has ended a five-month downtrend against Bitcoin, with expectations of a 170% increase to 0.09 BTC in less than two months.
The bullish trend for ETH on Wednesday was actually driven by the accumulation activity previously increased by large investors.
Market intelligence firm Santiment noted on Tuesday: "Ethereum performed excellently today, up +8.5%, showing an encouraging accumulation pattern from large whales and shark investors."
Attached charts show that these large investors have accumulated approximately 934,240 ETH over the past three weeks, valued at $3.15 billion at current prices, while small holders sold 1,041 ETH in the past seven days.
Further data from CryptoQuant shows that whale wallets holding 10,000 to 100,000 ETH have reached an all-time high in balance, while wallets holding over 100,000 ETH have also increased their holdings, indicating a bullish sentiment among large investor groups and institutional investors.
The resurgence of whale interest coincides with an upward trend in spot Ethereum ETF inflows. According to SoSoValue, $177 million was recorded in inflows on Tuesday, marking the largest single-day inflow since October 28.
The ETH Coinbase premium index (a key indicator of U.S. investor interest) has remained positive for the past week after experiencing about a month of negative values. This indicates a return of demand from U.S. investors, likely to further drive up ETH prices.
Related: Ethereum network fees drop 62%: Is the ETH price at risk?
Original: “Ethereum Rising to $3300 Proves Bottom is Formed: Is ETH About to See a 100% Surge?”
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