Key Points
- Ethereum’s price rebounds after a significant drop, with increased activity from dormant ETH whales.
- An Ethereum whale deposits 2,000 ETH to Kraken after seven years of inactivity.
After a significant fall to $1,400, the price of Ethereum has shown resilience, bouncing back to trade at $1,594 levels, marking a 3.2% increase.
The first quarter of 2025 saw Ethereum’s value plummet by more than 50%, prompting investors to keep a close eye on the cryptocurrency’s performance. Notably, previously inactive Ethereum whales have recently become active, selling off large quantities of their holdings.
Activity from a Long-Dormant Ethereum Whale
Blockchain analytics platform Lookonchain reported that an Ethereum whale, inactive for seven years, has re-entered the market. This investor, referred to as an “Ethereum OG,” deposited 2,000 ETH, equivalent to $3.11 million, into the cryptocurrency exchange Kraken.
This deposit has led to speculation about the investor’s intentions, particularly whether they plan to liquidate part of their holdings. The Ethereum whale initially bought 10,001 ETH back in November 2017, with each ETH costing an average of $352, amounting to a total investment of $3.52 million.
Despite Ethereum’s price reaching a record high of $4,878 during the 2021 bull run, which brought the value of this investment to $45 million, the whale chose not to sell. With Ethereum currently trading well below its record highs, the wallet still holds an unrealized profit of $12.3 million based on current market prices.
Ethereum’s Price Volatility
Ethereum’s performance in 2025 has been challenging for investors, as its price has not respected any support levels. Although Ethereum’s price has risen above the $1,500 support level, it remains susceptible to current macro uncertainties.
The technical chart for Ethereum suggests a wait-and-watch setup. If the volatility surrounding Trump tariffs subsides, Ethereum’s price could enter a consolidation period before the next move.
In contrast, noted Bitcoin critic Peter Schiff has given a bleak prediction for Ethereum, suggesting that its price could drop below $1,000.
