Ethereum's Price Surges 3% Amid Whale Sell-Off, Macroeconomic Uncertainty

Ethereum has been under significant pressure, with its price hovering around the $1,600 mark, marking a 10% decline for the week and a 54% drop from its December 2024 peak. This downturn has sparked widespread concern among investors, including Ethereum whales who are increasingly worried about their losses. One notable whale recently sold off more than 3,700 ETH at a substantial loss, adding to the market's uncertainty. However, not all whales are exiting the market. Market experts suggest that macroeconomic factors, such as inflation data and tariff decisions, could influence the next move for Ethereum, potentially driving its price upward.

As Ethereum continues to face market challenges, short-term holders have experienced steep losses, while long-term holders remain optimistic. Despite the recent sell-off by a whale, Ethereum's price has increased by 3% over the past 24 hours, reaching $1,859.51. This slight recovery indicates a glimmer of hope for a potential rebound. Investors are closely monitoring upcoming macroeconomic events that could alter Ethereum's price trajectory.

In the coming months, several significant macroeconomic events, including the impact of tariffs and inflation reports, are expected to influence cryptocurrency markets. Some analysts predict that declining inflation could encourage investors to allocate risk capital into assets like cryptocurrency, potentially leading to a substantial price rally for Ethereum. According to the analyst's forecast, Ethereum could see its price surge back toward $5,000 by the end of the year, assuming favorable market conditions.

On March 31st, Ethereum's trading session began within a narrow range of $1,820–$1,770. The MACD indicator recorded an early golden cross, signaling an initial bullish shift, while the RSI remained within a neutral zone, indicating balanced market sentiment without extreme buying or selling pressure. This technical setup suggests that while bullish momentum was gradually building, the market was not yet in an overextended state. The interplay of these indicators points to a cautious buildup rather than a radical reversal.

Currently, Ethereum has established a more pronounced uptrend channel with critical support near $1,800 and resistance around $1,870. Continued golden crosses on the MACD further underscore the prevailing bullish trend, while the RSI maintains steady readings that confirm controlled upward momentum. This consolidation near key levels sets the stage for a decisive breakout, as sustained buying pressure develops. Traders should monitor momentum indicators and volume trends, as any unexpected divergence could signal an impending reversal. A clear move past resistance is expected to pave the way for additional gains.

Ethereum's recent price troubles, driven by macroeconomic uncertainty, have created a heightened state of market tension. The ongoing activity of Ethereum whales, along with short-term losses and the unwavering faith of long-term holders, presents a slow bid uptrend. Investors are awaiting macroeconomic circumstances, such as tariffs and inflation reports, to potentially shift the market. Continued movements above $1,800 and respect for active market structure support levels could drive an upward trend, potentially leading to significant price swings.

Market momentum is gradually building, and with a catalyst on the way, Ethereum may see prices closer to $4,000 before the end of the year. Investors should monitor important breakouts and sustained buying pressure for confirmation of the rally. The Ethereum price prediction indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action.