Ethereum’s Next Move Hinges on $2,525—Will Range-Highs Follow?

Ethereum must reclaim $2,525 to retest the range-highs.

Whales bought $10M in ETH, signaling growing investor confidence.

ETF inflows rise, but price action remains muted for now.

Ethereum — ETH, is at a cliff’s edge, one step away from flight or freefall. The $2,525 level isn’t just another line on a chart—it’s the launchpad bulls are watching. Whales are circling, wallets are swelling, and whispers of a breakout echo through the market. Still, the question hangs heavy in the air: will Ethereum rise to the range-highs, or will it stall once again under the weight of doubt?

Whale Moves Ignite Bullish Hopes

Ethereum follows the plan so far, hugging the rangelow with eerie precision. Meanwhile, $2,525 emerges as the next battlefield. If reclaimed, traders expect a swift return to the top of the range. Momentum is building, not only in charts but deep on-chain. Ethereum whales just poured nearly $10 million into the asset within hours. One wallet grabbed 1,989 ETH, worth around $4.8 million.

Another wallet followed closely, picking up 1,888 ETH for $4.56 million. These aren't just purchases—they’re bold statements.On-chain data confirms the wave. Whale accumulation just touched an all-time high. That level of confidence doesn't go unnoticed. But surprisingly, the ETH price hasn’t responded much. At the time of writing, Ethereum trades around $2,427—flat, quiet, almost indifferent.

$3,000 Resistance Holds the Key

Meanwhile, Ethereum ETFs are seeing larger inflows. Investors aren't waiting for the spark—they’re prepping for the fire. The market's silence feels less like weakness and more like suspense. Despite strong demand, Ethereum remains undervalued, with prices struggling to reclaim higher levels. The market cap stands at $293.06 billion, yet the token moves sluggishly. ETH fell 31% in Q2.

That’s not just a dip—it’s a drag on confidence. However, some believe the current lull hides massive potential. One analyst, Ted, noted how Ethereum retests the bottom channel every cycle. In past cycles, these retests led to wild rallies—400x in 2017, 50x in 2021. This time, even a modest 6x would send ETH soaring to $10,000.

The $3,000 level looms above as the next serious test. For now, Ethereum must break above $2,525 to even attempt it. Once momentum returns, the path toward range-highs becomes clear. Until then, the pressure builds like steam behind a dam. Ethereum may appear quiet, but every dip, every whale move, and every ETF inflow is fuel. The only question is: when does the fuse catch?