Ethereum Price Prediction: ETH Stabilizes Above $3,100 as H&S Pattern and FVG Zone Shape Market Outlook

The cryptocurrency has attracted renewed attention from whales and treasury firms, including BitMine Immersion (BMNR), which increased its Ethereum holdings last week. Coupled with a critical Fair Value Gap (FVG) support zone, these factors suggest that ETH could consolidate before attempting a larger upward move. This analysis draws from on-chain data, exchange flow monitoring, and publicly available blockchain analytics, combined with short- and medium-term technical chart observations.

Institutional Buying Boosts Ethereum Price

According to FXStreet, BitMine purchased 138,452 ETH last week, raising its total holdings to 3.86 million ETH, approximately 3.2% of the circulating supply. The firm now ranks as the largest Ethereum treasury after Michael Saylor’s strategy.

Top crypto whales are collectively going long on ETH, holding positions worth over $425 million combined, signaling strong bullish sentiment. Source: Lookonchain via X

“Our stepped-up buying activity reflects our confidence that ETH prices should strengthen in the months ahead, given multiple catalysts,” said BitMine Chairman Thomas Lee.

Lee cited Ethereum’s Fusaka network upgrade, potential Federal Reserve interest rate adjustments, and ongoing adoption trends as key drivers behind the accumulation strategy. Other significant holders, including SharpLink Gaming (859,395 ETH) and The Ether Machine (496,712 ETH), maintained steady positions. On-chain analytics platforms like Lookonchain report additional whale long positions on Hyperliquid, further bolstering ETH’s short-term momentum.

Institutional accumulation can influence price behavior because large holders control substantial portions of the circulating supply, potentially affecting liquidity and market structure. This context is important for understanding near-term Ethereum price dynamics.

Technical Analysis: Head & Shoulders (H&S) Pattern and FVG Support

Ethereum’s price charts have highlighted a Head and Shoulders (H&S) pattern on the 4-hour timeframe. The right shoulder currently peaks near $3,100, with a downward-sloping neckline at $2,500. Analyst Pepesso noted that a confirmed breakdown could lead to a 30–40% decline toward $2,000, though historical success rates of H&S patterns in volatile crypto markets are lower than in equities.

@0xPepesso spots a bearish H&S on ETH, signaling a possible drop to $2,000, though crypto volatility makes the pattern less reliable. Source: Pepesso via X

Despite this potential bearish signal, ETH is supported by a Fair Value Gap (FVG) in the $2,600–$2,800 range, which historically serves as a reactive support zone where buying interest has previously emerged. Crypto educator Ali Charts highlighted that ETH recently tested this zone, providing a potential floor for a rebound.

“Watching how price reacts inside this FVG zone over the next few weeks will indicate whether this is just another bounce or the formation of the final shoulder before a larger upward move,” Ali Charts stated.

Technical indicators provide additional context:

• The Relative Strength Index (RSI) is testing its neutral line, signaling potential bullish momentum if it rises.

• The stochastic oscillator is approaching overbought conditions; a crossover could accelerate recovery.

• Moving averages (20-day and 50-day EMA) indicate immediate resistance near $3,250–$3,470.

ETH recently tested the $2,600–$2,800 FVG zone, potentially forming the right shoulder of an inverse H&S pattern, with key resistance near $5K and downside risks below $2K. Source: KarimMohsen on TradingView

This combination of indicators suggests that while ETH faces resistance, a sustained hold above $3,100 could support further upside attempts. Conversely, a break below this key level may lead to retracements toward $2,800 or lower.

Short-Term Trading Insights (Informational)

The following observations are presented for educational purposes only. They are not personalized financial advice:

• Swing-trading perspective: Historically, ETH shows reactive buying near $3,100–$3,150. Traders using swing strategies may consider entering positions only after confirmation signals such as rising volume or stabilization in RSI.

ETH’s Dec 8 trade plan highlights $3,100–$3,150 support and $3,250–$3,350 resistance, focusing on trend-aligned long setups with clear stops. Source: BTC_ETH_Intra on TradingView

• Intraday perspective: Short-term moves reclaiming $3,150–$3,190 may indicate temporary upward momentum, but caution is warranted due to volatility.

• Scalp trading perspective: Aggressive intraday trades could monitor $3,100–$3,110 for minor reversals, contingent on micro-level volume patterns and order flow.

Providing historical context and indicator rationale helps readers understand why these zones matter, without presenting guaranteed outcomes.

Market Outlook and Ethereum Price Prediction 2025

Considering whale accumulation, institutional interest, and key technical zones, Ethereum’s near-term outlook appears cautiously optimistic. Analysts observing ETH price behavior suggest that maintaining recovery above $3,100 could set the stage for attempts at higher resistance levels, including previous peaks around $3,470 and longer-term zones near $4,800.

@ali_charts highlights ETH testing a $3,100 support on the 12-hour chart, suggesting a potential reversal amid low-volatility trading around $3,110. Source: Ali Martinez via X

Key uncertainties remain:

• Federal Reserve policies and macroeconomic shifts may influence crypto liquidity.

• Broader market volatility can trigger unexpected retracements.

• Technical patterns like H&S carry historical probabilities but do not ensure outcomes.

Readers are encouraged to monitor ETH price news, on-chain whale activity, and technical indicators such as EMAs, RSI, and FVG zones for informed decision-making.

Final Thoughts

Ethereum (ETH) trades near $3,100, balancing bullish institutional accumulation against potential bearish technical signals. While charts indicate a possible short-term rebound supported by FVG zones and whale activity, traders and investors should approach ETH movements with caution, understanding the inherent volatility of cryptocurrency markets.

Ethereum was trading at around 3,292, up 5.5% in the last 24 hours at press time. Source: Coingecko

All observations are for informational purposes and reflect historical behavior and on-chain data trends, not guaranteed predictions.