The post Ethereum Price Struggles, Top Analysts Predict ETH To Rally To $5K appeared first on Coinpedia Fintech News
Ethereum, the second-largest cryptocurrency by market value, has been under pressure for months. After peaking near $4,953 in August, ETH has fallen almost 40% and is now trading close to the $3,000 mark.
This long decline has tested investor patience, especially as the overall crypto market searches for a clear direction.
ETF Outflows and Whale Selling Add Pressure
One major reason behind Ethereum’s weak price action is continued selling pressure. Spot Ethereum ETFs recorded seven straight days of outflows , signaling reduced institutional demand. Meanwhile, leading this outflow charge was BlackRock ETHA with almost $558.1 million in just the past 5 days.
Although on 22nd Dec alone Eth ETF recorded an inflow of $84.6 million after 7 days of outflow.
At the same time, on-chain data shows that whales sold nearly $360 million worth of ETH in just one week. This steady selling has made it harder for Ethereum to push higher, even when the market shows brief signs of recovery.
$3.8B of ETH Options Expiry this Week
Beyond this, traders are closely watching December 26, when a record number of crypto options will expire on the Deribit exchange. Nearly $28.5 billion in options contracts are set to roll off, including about $3.8 billion in Ethereum options.
According to a CoinPedia report, Ethereum’s max pain level is near $3,100, meaning price action could become volatile as expiry approaches.
BitMine Immersion Buy $88.1 ETH
While many investors are selling, not everyone is stepping away. BitMine Immersion Technologies, led by Fundstrat’s Tom Lee, recently added 29,462 ETH worth $88.1 million to its treasury.
This came shortly after a much larger $300 million purchase earlier in the week. These moves suggest that some long-term players see value at current levels.
Analysts See Massive Breakout, Eyeing $7000
Ethereum has struggled to move back to its earlier highs and has failed several times to break above the $3,200 level. This area has now become a strong resistance, keeping the ETH price capped in the short term.
Top crypto trader Michael van de Poppe believes this repeated testing of resistance is actually a positive sign. According to him, when a price tests the same level many times, it usually means selling pressure is getting weaker.
If ETH finally breaks above resistance, he expects the next move toward the $3,650–$3,700 zone.
Supporting this view, another analyst, Bitcoinsensus, sees a bullish chart pattern forming on the daily timeframe. He notes that Ethereum is building a right-angled descending broadening wedge, a structure that often breaks upward. Based on this setup, he believes Ethereum could first target $5,000, with a further move toward $7,000 if market conditions remain strong.
Still, some crypto experts warn that if Ethereum fails to break higher, the chart could point toward a deeper pullback into the $2,100–$2,300 zone.
