With the price of Ethereum Back above the $4,000 mark following its recent rebound, crypto participants and analysts are starting to call for the next crucial milestone, which is above $5,000. There was also an increase in accumulation among major investors during the period, reflecting the strategic positioning of these market participants.
Analysts see $5,000 ETH on the horizon
Ethereum has surpassed $4,000, and the next big milestone could be the $5,000 level, according to several predictions emerging within the vibrant crypto community. According to new data that has emerged, the path of major altcoins towards the expected $5,000 mark looks increasingly plausible as the market regains momentum.
Even though ETH has repeatedly attempted to breach this level and failed each time, analysts are confident that it will happen in the current cycle, especially before the end of the year. In an article X, Crypto-Gucci.eth, a crypto expert, highlighted that the altcoin now has a 52% chance of reaching and surpassing the $5,000 threshold in 2025. However, this calculation comes from PolyMarket, a leading prediction market in the world.
Given the high probability of ETH hits $5,000 in 2025, the expert is convinced that the level looks extremely cheap for ETH to reach by the end of the year. “I’m not going to lie to you, it’s perhaps the easiest bet of the year,” added the expert. Other major targets, such as $6,000 and $7,000, now have a 25% and 14% chance, respectively, of Ethereum hitting those levels this year. As ETH cements its place as the leading smart contract platform, it gains ground for what could be one of the largest gatherings in its history.
Ethereum whales pile up persistently
As predictions grow that ETH price will hit the $5,000 mark during this bull market cycle, major investors appear to be positioning themselves strongly for this expected robust rally that could change the course of the market. On-chain data from Alphractal, a leading analytics platform, reveals that the number of large holders or whales is constantly increasing.
This steady accumulation since April is seen among wallet addresses holding between 10,000 ETH and 100,000 ETH. According to the platform, these investors are the ones who accumulated the most during the last ETH bull run. Alphractal shared this optimistic action from major investors after looking at the Address Supply Bands chart.
It should be noted that these major investors have had the strongest connection to changes in the price of Ethereum in the past, as seen in 2017 and 2021. During these periods, the price of ETH saw a rise after supply increased from these investors. With the new loading of the group, Alphractal estimates that the result will not be different in 2025.
At the time of writing, more than 31 million ETH is attached to the group, marking its highest level ever. Buying pressure of this magnitude implies that these major investors have great confidence in the future and potential of ETH.
Featured image from Pxfuel, chart from Tradingview.com
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