{"id":841270,"date":"2025-04-16T09:11:41","date_gmt":"2025-04-16T14:11:41","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/16\/whales-12-6m-5x-eth-bet-sparks-bullish-momentum-is-a-rally-next\/"},"modified":"2025-04-16T09:11:41","modified_gmt":"2025-04-16T14:11:41","slug":"whales-12-6m-5x-eth-bet-sparks-bullish-momentum-is-a-rally-next","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/16\/whales-12-6m-5x-eth-bet-sparks-bullish-momentum-is-a-rally-next\/","title":{"rendered":"Whale\u2019s $12.6M 5x ETH bet sparks bullish momentum \u2013 Is a rally next?"},"content":{"rendered":"<div id=\"single-post-wrapper\">\n<p><img width=\"1200\" height=\"675\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/Evans-18-min-1200x675.png\" alt=\"Whale\u2019s $12.6M 5x ETH bet sparks bullish momentum - Is a rally next?\" decoding=\"async\" fetchpriority=\"high\"  >\n\t\t\t\t\t\t<\/p>\n<div>\n<div>\n<div>\n<p><img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" alt=\"Avatar\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/WhatsApp-Image-2025-01-03-at-17.22.02_8ffa9e09-80x80.jpg\" height=\"48\" width=\"48\"><\/p>\n<p>Journalist<\/p>\n<\/p><\/div>\n<div>\n<h4>Share this article<\/h4>\n<\/p><\/div>\n<\/p><\/div>\n<div>\n<ul>\n<li><em><span>Whale placed a $12.6M long as Ethereum broke below $1,800 on the charts<\/span><\/em><\/li>\n<li><em><span>A delay in the SEC\u2019s decision and overbought signals have been shaping ETH\u2019s market sentiment<\/span><\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/ethereum-news\/\" data-wpel-link=\"internal\"><span>Ethereum [ETH]\u2019s<\/span><\/a> <span>price action continues to stir attention as whale activity intensifies. A notable $12.6 million 5x long position recently entered the market, showing that some big players remain bullish. This, despite ETH\u2019s structural breakdown on the charts.\u00a0<\/span><\/p>\n<p><span>In fact, Ethereum lost its EQoS support at $1,800 and at press time, was trading at $1,642.60. Its price shift has traders eyeing $1,600 as the next crucial support zone.<\/span><\/p>\n<p><span>On the 4-hour chart, Ethereum failed to hold above its BOS level, triggering a series of lower highs and a CHoCH, suggesting trend weakness. However, Ethereum managed to bounce off the $1,600-range, hinting that buyers are not entirely out of the picture.\u00a0<\/span><\/p>\n<p><span>Therefore, this zone could act as a short-term accumulation area unless sellers force a drop towards $1,400. With the price trapped in a narrow range, the market could wait for a confirmation of the next directional move.<\/span><\/p>\n<div id=\"attachment_483014\">\n<p><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/be4c275c35ec42749274f4f0872b5303.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-483014\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/be4c275c35ec42749274f4f0872b5303.jpg\" alt width=\"2229\" height=\"963\"   data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%202229%20963'%3E%3C\/svg%3E\" data-lazy-srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/be4c275c35ec42749274f4f0872b5303.jpg 2229w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/be4c275c35ec42749274f4f0872b5303-300x130.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/be4c275c35ec42749274f4f0872b5303-1024x442.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/be4c275c35ec42749274f4f0872b5303-768x332.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/be4c275c35ec42749274f4f0872b5303-1536x664.jpg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/be4c275c35ec42749274f4f0872b5303-2048x885.jpg 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/be4c275c35ec42749274f4f0872b5303-1200x518.jpg 1200w\" data-lazy-src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/be4c275c35ec42749274f4f0872b5303.jpg\"><\/a><\/p>\n<p id=\"caption-attachment-483014\">Source: TradingView<\/p>\n<\/div>\n<h2>Can delayed ETF approval ignite Ethereum\u2019s next bull run?<\/h2>\n<p><span>The SEC has delayed its ruling on Grayscale\u2019s proposal to include Ethereum staking rewards in ETFs. No rejections have surfaced yet, only silence. However, this delay stretches the uncertainty until 1 June, leaving room for speculation.\u00a0<\/span><\/p>\n<p><span>If approved, the impact could be transformative \u2013 Higher staking yields, greater institutional flows, and stronger long-term investor confidence.<\/span><\/p>\n<p><span>Additionally, Ethereum\u2019s broader narrative has been gaining strength. Former ETH developer Eric Connor recently emphasized Ethereum\u2019s potential role in solving AI-related issues, including transparency and decentralization.\u00a0<\/span><\/p>\n<p><span>He argued that Ethereum\u2019s smart contracts offer a verifiable and ethical foundation for AI systems, reinforcing the asset\u2019s utility beyond speculation. Therefore, social sentiment surrounding ETH is gradually shifting towards innovation and real-world use cases.<\/span><\/p>\n<h2>Ethereum indicators point to relief, but can bulls seize control?<\/h2>\n<p><span>On the daily chart, Ethereum seemed to be stuck in a downtrend, but was showing subtle signs of potential recovery. The asset has been trading between its 9-day and 21-day moving averages, with resistance near $1,732 and support at $1,587.41.\u00a0<\/span><\/p>\n<p><span>This dynamic will keep traders cautious as ETH tries to reclaim momentum. However, the price consolidating may act as a launchpad if bulls capitalize on ETH\u2019s upcoming catalysts.<\/span><\/p>\n<div id=\"attachment_483013\">\n<p><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/ETHUSD_2025-04-15_11-29-23.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-483013\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/ETHUSD_2025-04-15_11-29-23.png\" alt width=\"2114\" height=\"1107\"   data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%202114%201107'%3E%3C\/svg%3E\" data-lazy-srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/ETHUSD_2025-04-15_11-29-23.png 2114w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/ETHUSD_2025-04-15_11-29-23-300x157.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/ETHUSD_2025-04-15_11-29-23-1024x536.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/ETHUSD_2025-04-15_11-29-23-768x402.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/ETHUSD_2025-04-15_11-29-23-1536x804.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/ETHUSD_2025-04-15_11-29-23-2048x1072.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/ETHUSD_2025-04-15_11-29-23-1200x628.png 1200w\" data-lazy-src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/04\/ETHUSD_2025-04-15_11-29-23.png\"><\/a><\/p>\n<p id=\"caption-attachment-483013\">Source: TradingView<\/p>\n<\/div>\n<p><span>Meanwhile, the Stochastic RSI climbed to 93.89 and 90.49, signaling overbought conditions. Although this typically precedes a pullback, it may also suggest that bullish momentum is building. <\/span><\/p>\n<p><span>Therefore, traders should remain alert for a breakout\u2014or breakdown\u2014especially with ETF news and macro trends in play.<\/span><\/p>\n<h2>Conclusion<\/h2>\n<p><span><a href=\"https:\/\/ambcrypto.com\/category\/ethereum-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Ethereum<\/a> finds itself at a technical and narrative crossroads. On one hand, whales are betting big and ETF speculation looms large. On the other, the price structure has broken down and $1,600 is being retested.\u00a0<\/span><\/p>\n<p><span>Therefore, the next few days could be critical for Ethereum\u2019s next big move. If bulls defend current levels and catalysts align, Ethereum may soon ignite a powerful rally.<\/span><\/p>\n<div>\n<h4>Share<\/h4>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/ambcrypto.com\/whales-12-6m-5x-eth-bet-sparks-bullish-momentum-is-a-rally-next\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Evans Boto<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Journalist Share this article Whale placed a $12.6M long as Ethereum broke below $1,800 on the charts A delay in the SEC\u2019s decision and overbought signals have been shaping ETH\u2019s market sentiment Ethereum [ETH]\u2019s price action continues to stir attention as whale activity intensifies. A notable $12.6 million 5x long position recently entered the market<\/p>\n","protected":false},"author":1,"featured_media":841271,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24313,22583],"tags":[],"class_list":["post-841270","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sparks","category-whales"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/841270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=841270"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/841270\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/841271"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=841270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=841270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=841270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}