Ethereum Analyst Predicts Final Hurdle Before Bull Run

Ethereum Nears Critical Resistance as Whale Activity Surges

Ethereum is approaching a pivotal price level that could dictate its next significant market movement, according to prominent cryptocurrency analyst Ali Martinez. With Ether currently trading near $2,696, Martinez identifies a key resistance zone between $2,700 and $2,750 that buyers must overcome.

Whale Transactions Skyrocket Amidst ETF Inflows

Adding considerable support as Ether tests this crucial resistance area is a notable surge in whale activity and robust inflows into spot Ethereum Exchange Traded Funds (ETFs). Martinez observes that Ethereum is nearing the apex of a large symmetrical triangle pattern, suggesting an impending period of consolidation before a potential breakout.

The primary obstacle, Martinez explains, lies within the $2,750 price range. For buyers to solidify their control, Ethereum must not only breach this level but also maintain its position above it. The challenge is amplified by a significant supply area identified between $2,722 and $2,822, where over 13.3 million ETH has previously changed hands. This concentration of holdings means many investors in this range could be inclined to sell if Ether returns to their prior purchase prices.

Large Holders Accumulate Significant ETH Holdings

In contrast to the potential selling pressure, whale activity has shown a dramatic upward trend. Martinez reports that transactions exceeding $1 million on the Ethereum network surged by nearly 500% in the past week, climbing from 1,202 to 7,113.

More significantly, large holders have accumulated over 320,000 ETH in the last seven days, a stake valued at approximately $864 million at current market prices. Martinez views this escalating demand from major investors as a critical indicator, demonstrating their continued accumulation as Ether approaches the key resistance zone. If this buying pressure can absorb the available supply, a breakout could become more probable.

Institutional Demand Bolsters Bullish Outlook

Martinez’s optimistic outlook is further reinforced by strong institutional interest. U.S. spot Ethereum ETFs have experienced six consecutive days of net inflows, accumulating roughly $690 million over the past week. This buying streak commenced with a substantial $270 million net daily inflow, marking the strongest single day for Ether funds since the peak of the October 2025 cycle.

Key Price Targets Identified

Looking beyond the immediate $2,750 hurdle, Martinez has set his sights on $3,400 as the next major target for Ethereum. His analysis indicates resistance levels around $2,970 and $3,366 before Ether can reach this higher objective. Should buying momentum persist beyond $3,400, Martinez suggests that Ethereum could potentially ascend towards the $4,300 range.