Ethereum Surges to $3.3K: Is a 100% Rally on the Horizon?

Ethereum surges to $3.3K: Is a 100% rally on the horizon?

Summary:
Ethereum has rallied, climbing 7% in recent days to reclaim its 50-week moving average near $3,300. This move suggests that the cryptocurrency may have established a local bottom around $2,800, with historical data indicating potential significant gains ahead.

Key Takeaways:

Ethereum might be experiencing a support level at around $2,800.
Historical trends show Ether is capable of doubling in price after surpassing the 50-week moving average.
Nearly 1 million ETH have been accumulated by major investors over the last three weeks.

A Promising Turnaround: Ethereum's Recent Gains

Ethereum may have found a solid support level at approximately $2,800, indicating a possible local bottom for the asset. In the past, when Ether managed to reclaim its 50-week moving average, it often experienced a price increase of up to 100%. Furthermore, significant accumulation by Ethereum whales, who have bought nearly 1 million ETH in a span of three weeks, further signals bullish sentiment among larger market players.

Historical Breakouts and Significant Rallies

Data from Cointelegraph Markets Pro and TradingView illustrate that the ETH/USD trading pair rebounded from a support level of $2,800, climbing 20% to its current price of $3,362. This upward movement has enabled Ether to reclaim the crucial trendline defined by the 50-week exponential moving average (EMA), suggesting that a more substantial price increase could follow in the coming days or weeks.

Related: Ethereum ‘smart’ whales open $426M long bets as ETH price targets $4K.

Historically, when ETH closes above the 50-week EMA (indicated by the purple line), it tends to surge significantly. For instance, from October 2023 to March 2024, ETH saw gains of 147%, while in Q3 2025, the increase was 97%.

BTC/USD weekly chart. Source: Cointelegraph/TradingView

Investor StockTrader_Max noted, “$ETH is back above its 50-day MA, and I’d like to see it break the 200-day MA at $3,500 soon, with bulls using this area as support.” Analyst CyrilXBT agreed, emphasizing that maintaining above the 50-week MA is essential for enhancing the chances of hitting the $4,000 mark.

As reported by Cointelegraph, Ethereum's price has ended a five-month downtrend against Bitcoin, which could lead to potential gains of 170% to 0.09 BTC within the next two months.

Whale Activity and Price Movements

Ethereum's bullish trend on Wednesday was bolstered by a notable increase in purchases from significant investors. According to market intelligence firm Santiment, “Ethereum is a leading gainer with a rise of 8.5%, showing an encouraging accumulation pattern from whales and sharks.”

Recent charts indicate that these larger investors acquired approximately 934,240 ETH valued at around $3.15 billion over three weeks, while smaller holders have sold 1,041 ETH in the last week.

Ethereum whales holding 100+ ETH. Source: Santiment

Additional analysis from CryptoQuant reveals that wallets holding between 10,000 and 100,000 ETH are reaching record levels, with those containing over 100,000 ETH also increasing their stakes. This trend indicates continued bullish sentiment among institutional investors and larger holdings.

ETH Balance by Holder Value. Source: CryptoQuant

The renewed interest from these large players coincides with a surge in demand for spot Ethereum ETFs, which saw inflows of $177 million on Tuesday, marking the highest rate since October 28, as reported by SoSoValue. Moreover, the ETH Coinbase Premium Index, which gauges U.S. investor interest, has remained positive for the past week after being negative for nearly a month, indicating a potential return of U.S. investors that could drive ETH prices higher.