Ethereum to $5.140? Analysts outline two scenarios

Ethereum to $5.140? Analyst Outlines Two Scenarios for ETH Target Price

31 July 2025 on 07: 33

Reading time: 2 minutes

Ethereum, the second-largest cryptocurrency by market capitalization, is currently trading above $3.749 amid a general market decline as investors await the Federal Reserve's interest rate decision. In recent weeks, Ethereum nearly reached $4.000, peaking at $3.941 on July 28th, before falling back. Analysts consider this mild decline a consolidation phase, which often precedes Ethereum's next significant move.

Crypto analyst Ali outlines two potential price targets for ETH: $4.220 and $5.140. These projections are based on two key factors: maintaining a crucial support level and the MVRV Pricing Bands, a key on-chain metric that evaluates market conditions. According to Ali, the crucial support lies at $3.300; as long as ETH holds this level, the outlook remains positive. In a recent tweet, he stated that if the support at $3.300 holds, Ethereum could be on track to rise to $4.220 and possibly even $5.140.

A key indicator in this regard is Glassnode's +1σ Active Realized Price band, which marks a significant upside threshold for the current rally at $4.500. This level served as resistance in March 2024 and throughout the 2020-2021 cycle. Breakouts above this level often signal market euphoria and an increasing likelihood of structural instability.

Accumulating Ethereum whales

Ethereum's appeal is growing, especially as institutional investors become increasingly active in accumulating ETH. Data from Lookonchain shows that a new wallet, simply named "0x3dF3," received another 12.000 ETH worth $45 million from the Galaxy Digital OTC wallet just hours ago. Furthermore, Lookonchain revealed that since July 9th, a total of nine new wallets have accumulated 640.646 ETH, worth $2,43 billion. Another whale, identified as "0x4352," recently withdrew 20.000 ETH worth $75,56 million from Binance.

In a recent tweet, Ali reported that some of the biggest whales on the network have purchased over 220.000 ETH worth $840 million. The BlackRock Ethereum ETF (ETHA) now holds over three million ETH, worth a total of $11,36 billion, after accumulating 1,25 million ETH worth $4,73 billion since July 1.

Frequently Asked Questions

What are the short-term expectations for the Ethereum price?
Analysts expect that if Ethereum can hold firm above $3.300, it could potentially move towards $4.220 and even $5.140.

Why is the MVRV pricing model important for investors?
The MVRV Pricing Bands provide insight into market conditions and help investors determine when it's appropriate to enter and exit the market, which is crucial in a volatile crypto environment.

What does the whales' accumulation of ETH mean for the market?
The whale accumulation could indicate increasing interest and confidence in Ethereum, which has historical precedent for price increases and could potentially drive market momentum.

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