Ethereum Whale Moves Signal Price Surge Incoming – Will ETH Hit $3,000 Soon?
Ethereum price is heating up. In the past seven days, ETH has gained over 4.5%, and in just the last 24 hours, it's jumped more than 2.3%. Now, whale activity and exchange data suggest something bigger may be coming.Ethereum Whales Make Bold MovesAccording to on-chain reports, a major Ethereum whale has withdrawn 6,989 ETH (worth around $17.5 million) from Binance over the past three weeks. Just recently, the same wallet removed 1,900 ETH, valued at nearly $4.86 million, from the exchange.This kind of large-scale withdrawal reduces exchange liquidity, and if demand surges while supply dips, it could lead to a supply shock—a classic recipe for a price rally.Ethereum Exchange Reserve DropsThe latest data shows that Ethereum exchange reserves are steadily falling:Total exchange reserve now: 18,962,692 ETHOn May 1: 19,576,503 ETHBinance ETH reserve: 4,947,990 ETHThis drop suggests more ETH is being moved to cold wallets or DeFi platforms—an indicator of long-term holding sentiment among investors.Ethereum Price Performance: Steady ClimbETH price on July 1: $2,405.08ETH price now: $2,562.977-day growth: 4.5%24-hour surge: 2.3%For weeks, ETH has been consolidating between $2,400 and $2,700. A breakout above this range could confirm bullish momentum.[post_titles_links postid="479395"]Ethereum Technicals: Bullish Signs in Play50-day SMA: $2,532.12100-day SMA: $2,211200-day SMA: $2,492.99RSI: 54.49 (neutral)The 50-day SMA is above the 100 and 200-day SMAs—indicating short- to mid-term bullish momentum. The neutral RSI means ETH still has room to grow without entering overbought territory.What's Next for Ethereum?If the current whale accumulation trend continues and ETH breaks above $2,700, analysts expect a move toward $3,000 and possibly beyond. A shrinking exchange supply and bullish technicals could fuel that breakout.[article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]FAQsIs Ethereum a good investment? As the altcoin season begins, the short-term gains make Ethereum a lucrative buying option. However, the long-term promises of this programmable blockchain make it a viable long-term crypto investment. Where do you see ETH by December 2025? As per our Ethereum price forecast 2025, the ETH price could reach a maximum of $5,925. Is it better to buy Bitcoin or Ethereum? While Ethereum is trusted for its stout fundamentals, Bitcoin continues to dominate with its widespread adoption.