Ethereum Price Prediction: Investor Snaps Up $127 Million in ETH – Contrarian Play?

Ethereum (ETH) is currently trading around $2,540, buoyed by a dramatic $127 million whale purchase of 48,825 ETH at an average price of nearly $2,605. This savvy move, especially during a recent dip triggered by geopolitical unrest and options expiry, reveals long-term confidence from large-scale buyers. Notably, this whale previously netted $30 million in Ethereum profits, suggesting a data-driven strategy. Crypto markets took a hit after escalating tensions in the Middle East rattled risk assets. ETH fell nearly 0.75% in 24 hours, reaching $2,524, as over 242,000 ETH in Deribit options expired, contributing to increased volatility. Happening now: Israel has officially launched a second wave of airstrikes on Iran after first targeting their nuclear facilities. Not one America soldier should be in this fight, do you agree? pic.twitter.com/i65oxL7bZ0 — Jay ARREST Gavin Newsom! (@MasterArborists) June 13, 2025 The put-call ratio stood at 1.20, with maximum pain around $2,700, indicating a bearish position bias. However, the whale purchase serves as a counterweight, supporting sentiment and offering a confidence boost amid uncertainty. Ethereum Technical Setup: Tight Range Between EMAs Ethereum’s price prediction remains neutral as the cryptocurrency consolidates in a critical price range between its 23.6% Fibonacci retracement level ($2,518) and the descending 50-period exponential moving average (EMA) ($2,580) on the 2-hour chart. The appearance of a Doji candle near the Fibonacci line highlights short-term indecision. While ETH broke through a rising wedge, prompting a sell-off, momentum indicators are quietly shifting. Ethereum Price Chart – Source: Tradingview MACD lines are converging toward a bullish crossover RSI is low, near 29, hinting at oversold conditions No multiple-candle bearish patterns like “Three Black Crows” Although ETH traded below its 20-day, 50-day, and 100-day EMAs, there is growing potential for a bounce if it can reclaim the $2,550–$2,580 range. Failure to do so could drag prices toward $2,440 and possibly $2,300, but renewed buying momentum might unlock higher targets. Ethereum Trade Plan: Balance Risk and Reward For those new to trading, here’s a simple and straightforward trade setup based on current chart activity and whale behavior: Bullish Scenario (Buy-the-Dip): Entry : Close above 38.2% Fib at ~$2,568 and 50-EMA Stop-loss : Just below today’s low (~$2,500) Targets : $2,607 (50% Fib), then $2,647 (61.8% Fib) Bearish Scenario (Breakdown Play): Entry : Close below trendline and $2,518 Stop-loss : Above $2,540 Target : $2,440, with downside risk toward $2,300 This balanced plan positions you for upside precision and downside protection. Final Take: Ethereum sits at a pivotal point, technical indicators suggest a pause after recent losses, but whale buying hints at sustained interest. A breakout above approximately $2,580 could pave the way for prices to reach $2,650–$2,700. Conversely, failure to hold current support might lead to pressure dropping to $2,440. Watch those zones closely and manage risk accordingly. BTC Bull Token Nears $8.1M Cap as 58% APY Staking Attracts Last-Minute Buyers With Bitcoin trading near $105K, investor focus is shifting toward altcoins, especially BTC Bull Token ($BTCBULL) . The project has now raised $7,141,005.09 out of its $8,216,177 cap, leaving less than $1 million before the next token price hike. The current price of $0.00256 is expected to increase once the cap is hit. BTC Bull Token links its value directly to Bitcoin through two core mechanisms: BTC Airdrops reward holders, with presale participants receiving priority. Supply Burns occur automatically every time BTC increases by $50,000, reducing $BTCBULL’s circulating supply. The token also features a 58% APY staking pool holding over 1.81 billion tokens, offering: The token also features a 61% APY staking pool holding over 1.73 billion tokens, offering: No lockups or fees Full liquidity Stable passive yields, even in volatile markets This staking model appeals to both DeFi veterans and newcomers seeking hands-off income. With just hours left and the hard cap nearly reached, momentum is building fast. BTCBULL ’s blend of Bitcoin-linked value, scarcity mechanics, and flexible staking is fueling strong demand. Early buyers have a limited time to enter before the next pricing tier activates. The post Ethereum Price Prediction: Investor Snaps Up $127 Million in ETH – Contrarian Play? appeared first on Cryptonews .

Source: cryptonews