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Andy Watson
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Whales are predicting a major bullish move in the Ethereum ETH $1 802 24h volatility: 2.1% Market cap: $217.48 B Vol. 24h: $12.71 B price. On February 21st, prominent analyst Ali Martinez revealed that whales purchased over $370 million worth of $ETH in just 24 hours.
A wide range of Ethereum price predictions from analysts reveals that the bottom is in for the second-largest cryptocurrency. It is not without any reason why ETH is green against Bitcoin BTC $81 957 24h volatility: 1.4% Market cap: $1.63 T Vol. 24h: $16.94 B and particularly, Solana SOL $125.7 24h volatility: 0.1% Market cap: $64.39 B Vol. 24h: $2.28 B over the past week, despite the $1.5 billion Bybit hack – already Bybit are close to 100% on their ETH reserves.
A golden cross in the weekly timeframe hints that sidelined investors may have one final chance to gear up for the upcoming rally.
Smart money investors have already rotated their capital from Solana to the Ethereum ecosystem, investing in ETH and beta plays like PEPE, BRETT and new ETH meme coins.
What Does the Ethereum Golden Cross Mean for Holders?
The Ethereum price formed a golden cross in the weekly timeframe in December 2024, with the 100-week moving average surpassing the 200-week MA.
The last time this golden cross formed was in February 2021, just before the historic altseason.
Typically, this golden cross leads to an initial correction and subsequent consolidation. For instance, the Ethereum price fell from $2040 to $1293 in February 2021, followed by weeks of consolidatory price action, before the “up only” rally to $4,800.
Similarly, ETH fell from $4,097 to $2,198 following the golden cross and is now consolidating above the $2600 support level. A parabolic rally to new all-time highs is next.
The ETH/BTC trading pair has also hit the same support level which started the 2021 bull run, suggesting that a major upside move could just be days away.
$ETH is looking amazing.
Send it to $9,000. pic.twitter.com/F1PYFbJa2i
— CryptoGoos (@crypto_goos) February 24, 2025
Ethereum Price Prediction: When Will the Parabolic Rally Start?
There are a range of bullish signals for the Ethereum price.
For instance, ETH is forming a bullish wedge in its two-week timeframe while its Relative Strength Index (RSI-14) continues to bounce above an ascending trendline.
$ETH is testing the RSI trendline for the third time & forming a bullish wedge.
This is not the time to be bearish.
A massive pump is coming soon! pic.twitter.com/7suKaljkOq
— Mister Crypto (@misterrcrypto) February 24, 2025
Similarly, Ethereum has formed another golden cross in its 2-day timeframe, along with a MACD cross in the daily timeframe.
With a plethora of bullish signals, it is no surprise that most analysts are giving bullish Ethereum price predictions. Sidelined investors may have just days to load up for the next big move while holders need to survive the shakeout.
After all, Ethereum has never had a red first quarter in a post-halving year. An extremely bullish March could be on the horizon.
On the other hand, swing traders should wait for a flip of the $2760 resistance level before opening a long position, which would pave the way for a rally to $3,200.
Smart Money Investors Also Bet on Ethereum Meme Coins
Ethereum meme coins act as excellent beta plays on ETH. Savvy investors have already capitalized on profits from Solana meme coins and are now reallocating capital to Ethereum meme coins.
Now could be an excellent opportunity for sidelined investors to buy Pepe, Floki and Brett as well as Layer-2 coins like Arbitrum and Optimism.
Smart money investors are also buying low-cap ETH coins hunting for outsized returns. For instance, a trending Ethereum-based AI agent coin, Mind of Pepe ($MIND), is in high demand and has already raised nearly $7 million in its ICO.
The AI agent space is dominated by Solana coins like AI16Z and AIXBT. Following the Ethereum breakout, there is expected to be a strong demand for ETH-based AI coins like MIND.
Considering it is still in the early stages of its presale, smart money investors are eying 10x returns from Mind of Pepe.
Similarly, BTC Bull is another Ethereum meme coin that has caught the attention of investors. While tapping into the vast ETH holder base, it is also capitalizing on the strong demand for BTC.
As a result, BTCBULL holders will be airdropped free Bitcoin when the BTC price hits certain milestones.
The promise of free Bitcoin has resulted in significant demand, with BTCBULL raising nearly $3 million in its ICO in just over a week. Many early buyers are even calling it the next 100x crypto.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
