Key Insights
- The latest Ethereum price prediction suggests a price rally to $3,700 is on the cards.
- This comes after the altcoin broke out of a bull pennant pattern on the four hour chart.
- Meanwhile, another bullish signal was Ethereum’s recent test of the 50-week moving average.
The latest Ethereum price prediction suggests a price rally to $3,700 is on the cards after the altcoin broke out of a bull pennant.
Moreover, the cryptocurrency also reclaimed the 50-week moving average after a 7% rally that saw it test 3,300.
Whenever this has happened throughout Ethereum price history, the market has often activated a follow-through rally.
Ethereum Price Prediction: ETH Eyes $3,700 After Bullish Pennant Breakout
The latest Ethereum price prediction shows ETH broke out of a bullish pennant on the 4-hour chart, as per an analysis by TA_traderAlan.
As per the trader, the pattern now points toward a target near $3,700, and the price action so far supports that view.
The breakout followed a strong run that formed the pole. After that, Ether spent a short period consolidating, creating the pennant structure.
When buyers finally pushed through the upper boundary, the follow-through came quickly and with conviction.
Ethereum (ETH) is now trading comfortably above the breakout area. Market watchers say this keeps the $3,700 objective firmly in play.
The move also lines up with a broader shift on the weekly chart. ETH bounced sharply from the $2,800 zone and climbed more than 20%, reclaiming the 50-week EMA in the process.
That level has mattered before. Each time Ether closed above it — whether in late 2023 or mid-2025 — the coin went on to post large rallies.
Some analysts think the same kind of setup may now be forming again. On the daily chart, Ethereum (ETH) has also regained its 50-day moving average.
Investor StockTrader_Max pointed out that the next level to watch is the 200-day MA near $3,500.
According to his Ethereum price prediction, a clean break above it could turn this area into support and reopen the path toward the all-time high near $5,000.
Analyst CyrilXBT highlighted the 50-week EMA as the key line to protect. In his view, staying above it keeps the door open for a push toward $4,000 and supports the broader uptrend.
Whale Buying Spree Push ETH Price
Ether’s bullish move on Wednesday came after a surge in accumulation by large investors.
Market intelligence firm Santiment reported that Ethereum had climbed 8.5% and showed a strong accumulation pattern from whales and sharks.
According to Santiment, these investors had gathered roughly 934,240 ETH over the past three weeks, valued at about $3.15 billion at current prices.
In contrast, small holders had sold 1,041 ETH over the previous seven days.
The firm noted that the setup highlighted a clear divergence in market behavior.
Whales and sharks were accumulating aggressively, while retail investors were offloading their positions, as Ether surged back toward $3,400.
Moreover, CryptoQuant data shows a clear shift among large ETH holders. Wallets with 10,000 to 100,000 ETH just hit new record balances, and the biggest wallets.
Those holding more than 100,000 ETH, have also been adding aggressively.
Analysts say the steady accumulation from these groups points to rising confidence among deep-pocketed investors, hence providing a positive future outlook for Ethereum price prediction.
The rise in whale interest coincided with a surge in spot Ethereum ETF flows. SoSoValue reported inflows of $177 million on Tuesday, the largest since October 28.
Crypto market watchers suggested that this reflected renewed demand for Ether from institutional buyers.
The ETH Coinbase Premium Index, which tracks US investor interest, remained positive over the past week after staying negative for about a month.
Analysts said the return of US demand could support higher Ethereum price in the near term.
Source: https://www.thecoinrepublic.com/2025/12/11/ethereum-price-prediction-3-7k-in-sight-heres-what-signals-rally/
