Crypto analyst Doctor Profit, who called the Ethereum price dump, is now providing a bullish outlook for ETH. Based on his analysis, now might be a great time to buy Ethereum, which has so far underperformed other top cryptocurrencies. 

Analyst Says ETH Is Now Undervalued Following Ethereum Price Dump

In an X post, Doctor Profit stated that ETH is undervalued now following the Ethereum price dump. He noted that the leading altcoin is sitting at a historical support at $1,800, the same support he had predicted that ETH would dump to. With this massive correction and fear in the market driving Ethereum to this support level, the analyst claimed that the altcoin is undervalued now. 

Related Reading

His analysis suggests that now might be a great time to accumulate ETH as the Ethereum price could rebound from this historical support. Indeed, some investors are already using this massive correction as an opportunity to stack up more coins. IntoTheBlock data shows that Ethereum’s ‘Concentration’ metric is currently bullish, indicating that ETH whales are adding to their positions.  

Besides Doctor Profit, crypto analyst Astronomer also believes that ETH is currently undervalued and predicts that the Ethereum price could revisit $4,000. He highlighted several technical signals that indicate that the leading altcoin could reach these highs. The analyst also alluded to the $1,800 support, noting that this range has historically been a launch pad for price recoveries. 

However, crypto analyst Kledji has predicted that the Ethereum price could still drop to as low as $1,400 before rebounding. He stated that ETH will likely consolidate around this range for a while before it rallies to this $1,400 target later this month. His analysis suggested that the altcoin’s downtrend depended on Bitcoin’s performance. Therefore, if BTC recovers from this range, ETH will unlikely drop to that $1,400 level. 

ETH’s Dominance Is On The Decline, But History Could Repeat Itself

In an X post, crypto analyst Rekt Capital revealed that ETH’s dominance has dropped from 20% to 8% since June 2023 as a result of the Ethereum price dump. He then noted that Ethereum’s dominance has historically reversed this 8% zone to become more market-dominant. The analyst then raised the possibility of history repeating itself, with ETH recovering well and enjoying a higher market dominance. 

Crypto analyst Crypto Patel is also confident that the Ethereum price will rebound soon. His accompanying chart showed that ETH could bounce from this $1,800 support and enter phase 3 of the Wyckoff chart, sending its price to as high as $6,800, a new all-time high (ATH). 

Related Reading: Ethereum Price: Analyst Predicts ‘Most Hated Rally In Crypto’

At the time of writing, the Ethereum price is trading at around $1,800, up over 1% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Unsplash, chart from Tradingview.com

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

On-chain data shows the large Ethereum investors have been adding to their holdings recently, a sign that could be bullish for the ETH price.

Ethereum Large Holders Netflow Has Turned Positive Recently

In a new post on X, the market intelligence platform IntoTheBlock has talked about the trend in the Large Holders Netflow for Ethereum. This metric measures the net amount of the cryptocurrency that’s moving into or out of the wallets controlled by the Large Holders.

The analytics firm defines three categories for investors: Retail, Investors, and Whales. Members of Retail hold less than 0.1% of the supply in their balance, that of Investors between 0.1% and 1%, and that of Whales more than 1%.

At the current exchange rate, 0.1% of the ETH supply, the cutoff between Retail and Investors, is worth over $214 million, a very substantial amount. This means that the addresses who are able to qualify for Investors are already quite large, let alone those who have made it to the Whales.

As such, the Large Holders, the actual cohort of interest in the current discussion, includes both of these groups. Thus, the Large Holders Netflow keeps track of the transactions related to Investors and Whales.

When the value of this metric is positive, it means the big-money investors on the network are receiving a net number of deposits to their wallets. On the other hand, it being under the zero mark suggests these key holders are participating in net selling.

Now, here is the chart shared by IntoTheBlock that shows the trend in the Ethereum Large Holders Netflow over the past week:

The value of the metric appears to have been positive in recent days | Source: IntoTheBlock on X

As is visible above, the Ethereum Large Holders Netflow has remained almost entirely in the positive territory for the period of the graph, which implies that the Investors and Whales have been accumulating. On the second of the month alone, these key entities loaded up on a net 130,000 ETH (about $230 million).

The net inflows for the Large Holders have come while the cryptocurrency has been declining, so it’s possible that this cohort believes the recent prices have been offering a profitable entry into the asset. It now remains to be seen whether this accumulation would be enough to help ETH attain a bottom or not.

In some other news, the Ethereum fee is down to the lowest level since 2020 this quarter, as the analytics firm has pointed out in another X post.

The changes that occurred in key ETH metrics during the first quarter of 2025 | Source: IntoTheBlock on X

Following a sharp drop of 59.6%, the Ethereum total transaction fees is down to $208 million. According to IntoTheBlock, this trend is “primarily driven by the gas limit increase and transactions moving to L2s.”

ETH Price

Ethereum saw recovery above $1,900 earlier in the week, but it seems bullish momentum has already run out as the coin’s back to $1,770.

Looks like the price of the coin has plunged recently | Source: ETHUSDT on TradingView

Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Ethereum is trading below the $1,900 level, facing ongoing selling pressure as the broader crypto market continues to weaken. After a sharp rejection from the $2,500 mark in late February, bulls have failed to regain momentum, and ETH has steadily declined — disappointing many investors who entered the year with high expectations for a bullish trend. The loss of key support levels has further damaged sentiment, and Ethereum’s price action remains bearish in the short term.

Related Reading

Despite the negative outlook, there are signs of accumulation beneath the surface. According to data from IntoTheBlock, Ethereum whales are buying the dip. The largest ETH wallets added over 130,000 ETH to their holdings just yesterday — a move that suggests confidence from long-term players even as retail sentiment wavers.

This accumulation could signal a shift in momentum if sustained, especially if whales continue to absorb supply while prices remain low. However, for any real recovery to take hold, Ethereum must reclaim critical resistance levels and show stronger buying activity across the board. For now, the market remains under pressure, but whale behavior could offer a hint of what’s to come once the current downtrend begins to ease.

Ethereum Big Players Buy Amid Market Uncertainty

Ethereum is currently down 55% from its December high, reflecting the broader pain across the crypto market. The selloff has been fueled in large part by rising macroeconomic uncertainty, with U.S. President Donald Trump’s aggressive trade policies and unpredictable tariff announcements adding to global financial instability. As traditional markets struggle to find footing, high-risk assets like Ethereum have been among the hardest hit.

Bulls are having a difficult time defending key support levels, and price action suggests the downtrend may continue in the short term. With Ethereum trading well below the $1,900 mark and no clear signs of bullish momentum, the outlook remains fragile.

Still, not all signals are bearish. According to data from IntoTheBlock, Ethereum whales appear to be accumulating. On a single day, the largest ETH wallets added over 130,000 ETH to their holdings — a move that suggests quiet confidence among major players. This level of accumulation, especially during periods of fear and weakness, often hints at a long-term bullish outlook.

While price continues to trend lower, the behavior of these large holders adds to the speculative environment, signaling that some investors may be positioning early for a potential surge. If macro conditions begin to stabilize or sentiment shifts, Ethereum could benefit from this quiet accumulation phase — but for now, the market remains in correction mode.

Related Reading

Technical Analysis: ETH Bulls Defend Critical Support

Ethereum is trading at $1,830 following a wave of heavy selling pressure that pushed the price sharply below the key $2,000 level. Panic selling has gripped the market, with bulls struggling to regain control amid a broader downturn across the crypto space. The breakdown below $2,000 marked a significant shift in sentiment, turning what was once viewed as a consolidation phase into a deeper correction.

At this stage, bulls must hold the $1,800 support level — a critical threshold that, if lost, could lead to a further decline toward $1,750 or lower. Holding above $1,800 would allow for stabilization and the chance to build a foundation for recovery. However, to signal a meaningful reversal, Ethereum needs to reclaim the $2,100 level, which now acts as short-term resistance.

Related Reading

Only a decisive push above that mark would confirm renewed strength and potentially reestablish bullish momentum. Until then, ETH remains vulnerable to further downside. With broader market conditions still uncertain, Ethereum’s next move around these support levels will be crucial in determining whether it can recover in the near term or slide deeper into correction territory.

Featured image from Dall-E, chart from TradingView