Ethereum dropped about 30% last week during a risk-off stretch linked to trade tensions. Analysts cited on-chain flows and trend support suggested Ethereum price prediction through renewed accumulation after the sell-off.
Ethereum Price Prediction After a 30% Pullback
The ETH price hovered around $3,830 at the time of writing. That level stood well below its all-time high near $4,953 but above the recent panic low.
The decline followed broad selling across risk assets as tariff headlines intensified. Liquidity thinned, and traders reduced leverage across major tokens.
Analysts reviewed on-chain flows and exchange balances to gauge demand. They tracked withdrawals from exchanges, a behavior that often signals accumulation rather than distribution.
As per Ethereum price prediction by analyst Merlijn The Trader compared current structure with the 2016–2017 advance. He shared a fractal view that matched the present base to that earlier setup.
A fractal described a recurring price pattern that appeared across cycles and timeframes. Traders used such comparisons to test whether current behavior echoed prior expansions.
Under this view, Ethereum sat in a pre-breakout phase after a deep reset. That interpretation relied on sustained demand and steady trend support over coming weeks.
Accumulation and Trend Support ETH Price
Blockchain records showed BitMine bought about 27,000 ETH, worth roughly $104 Million. Transfers moved from a Kraken hot wallet to custody over several hours.
Large prints like this can reveal how institutions positioned during stress. Analysts said the scale and timing aligned with accumulation during weakness.
Benjamin Cowen said Ethereum completed a roughly 30% correction into a key trend zone. According to his Ethereum price prediction, a path toward $5,000 remained possible if support continued to hold.
Cowen referred to the “bull market support band,” a widely watched trend area. The band combined the 20-week EMA and 21-week SMA, two long-term moving averages.
Traders often used this band to separate trending phases from deeper drawdowns. During prior advances, price frequently pulled back into the band before resuming higher.
The current retest fit that playbook, according to several chart watchers. They noted that weekly closes above the band helped sustain trend momentum.
Merlijn’s historical comparison reinforced that framework. His chart suggested that a base of similar depth preceded the 2017 surge.
Such parallels did not guarantee outcomes, but they defined risk markers. Analysts watched exchange flows and weekly closes for confirmation rather than headlines alone.
Ethereum Price Prediction: Next Leg in the Weeks Ahead
Analysts outlined simple markers that could validate the constructive read. First, continued net outflows of ETH from exchanges would support the accumulation case.
Second, a clean weekly close above the support band would bolster trend strength. That signal would show buyers defended the zone that guided prior bull phases.
Third, a series of higher highs and higher lows on the daily chart would help. That structure would confirm demand absorbed supply from the recent drawdown.
If exchange balances rose sharply or the band failed, the thesis would weaken. Price action around that zone, therefore, carried extra weight in this cycle.
Ethereum Price Prediction: On-Chain Measures Matter Beyond Raw Flows
Analysts tracked the share of long-term holders, staking participation, and liquidity depth. Rising long-term holder balances often reduced immediate sell pressure.
Stable staking and deeper order books reduced volatility into resistance. These data points, combined with the trend band and the BitMine purchase, framed the outlook.
The market still faced macro risks, but the technical map set clear checkpoints. In short, the market treated the 30% drawdown as a major reset. If accumulation persisted and the band held, Ethereum’s uptrend could resume into year-end.