Ethereum Plunges 3% Today (April 22) After Whale Moves $3 Million — What Happens Next?
Jakarta, Pintu News – On April 21, Ethereum (ETH) showed signs of revival, recording a 2.5% price increase in the last 24 hours.
This spike coincided with the appearance of a buy signal from the TD Sequential indicator, as shared by renowned crypto analyst, Ali Martinez.
Then, how will Ethereum price move today?
Ethereum Price Drops 3.21% in 24 Hours
As of April 22, 2025, Ethereum (ETH) was trading at approximately $1,576, or around IDR 26,637,309, after experiencing a 3.21% decline over the past 24 hours. During this time, ETH reached a daily high of IDR 27,825,308 and a low of IDR 26,273,800.
At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $190.43 billion, with daily trading volume rising 49% to $15.79 billion in the last 24 hours.
Read also: Top 5 Cryptos Surging Today (April 22, 2025): This #1 Altcoin Skyrocketed 66%!
Ethereum (ETH) Bounces Back, Whale Starts to Make a Move
Crypto analyst Ali Martinez predicts that this week could be a pivotal moment for the world’s second-largest cryptocurrency, Ethereum.
Ethereum’s increased whale activity reinforces this view. According to data from LookonChain, a large whale recently withdrew 1,897 ETH (worth over $3 million) from the Bitget exchange to a personal wallet, indicating a move towards self-storage.
Since April 3, the same whale has withdrawn a total of 3,844 ETH worth approximately $6.51 million, demonstrating long-term confidence in Ethereum’s upside potential.
Data from CryptoQuant also noted a decline in the amount of ETH held on crypto exchanges, now at its lowest level since October 2024, before Ethereum briefly surged near $4,000. A decrease in supply on exchanges usually signals reduced selling pressure and a potential price spike.
Additionally, popular crypto trader Merlijn via the X platform also gave a bullish signal, stating that the ETH price is “ready to slide.” He warned that ignoring this accumulation phase could be “the biggest mistake of 2025.”
Read also: Bitcoin Price Climbs to $88,000 Level Today (4/22/25): BTC Whales are Actively Accumulating!
Ethereum Price Ready for a Breakout?
As of April 21, 2025, Ethereum was trading at around $1,648 with a market capitalization of $198.6 billion.
On the daily chart, the RSI stood at 45.49, starting to move out of the oversold zone, but still giving room for further bullish movement.
ETH price is currently testing the middle line of the Bollinger Band (20-day moving average) which is around $1,632. If the price is able to break this midline and move towards the upper band around $1,827, then stronger bullish momentum could be confirmed.
Conversely, if Ethereum fails to maintain a position above the centerline, then the lower band around $1,437 will be the next important support level.
Meanwhile, the MACD indicator is starting to show bullish signals, with the MACD line now above the signal line. In addition, the appearance of a green histogram also signals that buying pressure is starting to increase.
For now, the main resistance levels are at $1,830 and $2,000, with a large supply wall at $2,330. If these levels are successfully broken, analyst Ali Martinez expects a larger bullish rally.
Read also: Dogecoin Teeters at $0.16—Is a Skyrocketing Surge to $0.20 Imminent?
Crypto commentator Tom Tucker also highlighted via the X platform that Ethereum’s price movements are now closely aligned with global liquidity trends – adding to the signals that ETH may be “preparing to take off.”
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Coinspeaker. Ethereum Signals Bullish Momentum as Whale Activity Rises, ETH Price Rally Ahead? Accessed on April 22, 2025