Ethereum Price Faces Key Resistance As US Government Adds $281M ETH

Key Insights:

• Ethereum price posted gains of over 70% in the last quarter.
• Support between $4,500 and $4,700 was decisive for the next move.
• US government wallets held more than $281 million in ETH.

Ethereum recorded its best quarter in more than three years. At the same time, the ETH price tested critical resistance while new blockchain data showed that the US government’s Ethereum holdings increased to more than $281 million.

What factors shaped this performance, and what might they mean for the next move?

Ethereum Price Showed Sharp Quarterly Swings

Ethereum moved through three distinct phases in the past year. In one quarter, the ETH price dropped more than 45%.

The following quarter, the token recovered by about 36%. Most recently, it advanced more than 70%, according to data reported by analyst Daan Crypto Trades.

He said these results marked the strongest quarter since early 2021. At that time, Ethereum price was entering a broader bull cycle. The latest period stood out because such gains rarely appeared in succession.

Daan said consolidation phases were important. They slowed sudden reversals and created conditions for long-term uptrends.

At press time, the Relative Strength Index (RSI) was near 70, showing that momentum remained strong but stretched.

These swings also showed how volatile Ethereum continued to be in 2025. Large gains followed deep losses, and analysts described this as a sign of a still-maturing market.

Each phase reflected different levels of market participation and liquidity.

Ethereum Price Tested Resistance Near $4,500

The ETH price traded near a key range between $4,000 and $4,700. Analysts said this area represented the most important support band on the chart.

As Ethereum price had broken and held above the zone, traders projected a possible move toward $7,500 to $8,000.

A weekly chart also showed what analysts described as a bullish continuation pattern. Continuation patterns often appear during pauses before a new leg in the same direction.

However, if resistance rejected the token, a pullback to around $3,500 support remained possible. Support levels were prices where demand historically absorbed selling pressure.

In that case, analysts said the market would need fresh volume to resume an uptrend.

Market participants viewed this setup as a classic test of momentum. The depth of order books and the scale of trading volume would decide whether Ethereum extended gains or consolidated lower.

US Government’s ETH Holdings Increased

Separate blockchain data revealed activity involving US government wallets. Analyst TedPillows said the government received 76.56 ETH linked to the Uranium Finance case.

The transfer, routed through a Coinbase wallet, was valued at about $330,000.

This addition raised the total holdings under government control to more than $281 million in ETH. While the new amount appeared modest, the accumulation highlighted the scale of official involvement in digital assets.

Analysts said the presence of these holdings suggested that authorities were becoming notable participants in the token market.

Although the government did not disclose investment motives, the figures confirmed an expanding role in managing seized digital assets.

Such activity has taken place across several cases in recent years. Tokens linked to investigations or enforcement actions were often transferred into official custody. The Ethereum balances placed the US government among the larger institutional-scale holders.

Outlook Focused on Consolidation and Resistance

Analysts said the short-term path for Ethereum depended on how the ETH price behaved around $4,000 to $4,700.

Sustained trading above that range could confirm a breakout. A rejection could redirect flows back to support near $3,500.

With quarterly performance already showing extreme swings, market participants expected more volatility ahead.

The role of government-controlled holdings and the technical structure of resistance zones would remain key reference points in the weeks ahead.