Ethereum (ETH) Price: Bulls Eye $2,000 Target as Accumulation Hits 2025 High

TLDR

Ethereum accumulation addresses purchased over 1.11 million ETH in the past week, signaling bullish sentiment ETH price currently trading around $1,760, facing resistance at $1,800 and the 50-day SMA Exchanges saw net inflows of 178,900 ETH on Thursday as investors took profits Declining net taker volume suggests seller exhaustion despite recent price drops ETH rejected at $1,800 but maintains support above $1,720 with a bullish trend line forming

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Ethereum’s price dipped 1% to $1,760 on Friday as sellers dominated exchange activity in the past 24 hours. Despite this recent selling pressure, several key metrics point to growing bullish momentum in the second-largest cryptocurrency by market cap.

Ethereum (ETH) Price

The most recent data shows a surge in accumulation address activity, with these wallets purchasing over 1.11 million ETH between April 17 and 23. Nearly half of these purchases came after Tuesday’s price surge, marking the highest weekly inflow into accumulation addresses in 2025.

Accumulation addresses, which track wallets that have never spent funds, serve as a reliable indicator of long-term investor confidence. This recent buying spree suggests strong belief in Ethereum’s future prospects despite the current price consolidation.

Source: CyptoQuant

Exchange Flows Reveal Mixed Sentiment

Thursday saw one of Ethereum’s largest single-day exchange net inflows in 2025, with investors moving approximately 178,900 ETH (worth about $317 million) onto exchanges. This typically indicates increasing selling pressure as traders prepare to liquidate holdings.

Source: CryptoQuant

As a result, ETH briefly fell below $1,750 before seeing a slight recovery. This selling activity during a price increase often comes from short-term traders or investors cutting losses as prices rise back to their entry points.

However, Ethereum’s net taker volume tells a different story. This metric, which shows the difference between futures contracts’ buying and selling volume, has been gradually decreasing since January.

While short positions have dominated ETH futures for the past six months, the shrinking negative net taker volume suggests seller exhaustion. This trend may point to the April 11 drop to $1,473 as a potential price bottom.

Technical Outlook Reveals Key Levels

ETH faced rejection at the psychologically important $1,800 level, which coincides with the 50-day Simple Moving Average. This double resistance has proven difficult to overcome in recent trading sessions.

The cryptocurrency sustained $40.22 million in futures liquidations in the past 24 hours. Long positions accounted for $27.07 million of these liquidations, while short positions made up $13.16 million.

Source: TradingView

On the hourly chart, Ethereum has formed a bullish trend line with support near $1,780. The price remains above $1,720 and the 100-hourly Simple Moving Average, suggesting underlying strength.

If ETH can bounce from the $1,688 support level, it might retest the $1,800 psychological barrier and potentially break through the upper boundary of its descending channel pattern.

Such a move could open the path toward reclaiming the $2,000 level and challenging the resistance range between $2,100 and $2,200. However, failure to hold above $1,688 might send Ethereum looking for support at a key descending trendline.

Technical indicators show mixed signals. The Stochastic Oscillator has retreated from overbought territory after spending two days there. The Relative Strength Index remains above its neutral level, while the Awesome Oscillator shows receding histogram bars below its neutral level.

On July 30, Ethereum will celebrate its 10th anniversary since the genesis block. The Ethereum Foundation announced plans to work with community members to support “a series of global meetups, on-chain artifacts, and a live stream to ring in the next decade of Ethereum together.”

ETH faces immediate resistance at $1,820, followed by $1,840 and $1,880. If it breaks above these levels, a push toward $1,920 or even $2,000 becomes possible.

Support levels to watch include $1,780, followed by $1,740 and $1,700. Any break below these levels could push ETH toward $1,665 or even $1,620 in the near term.

For now, Ethereum continues to consolidate after its recent surge, with market participants watching closely for a decisive move in either direction.

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