Ethereum (ETH) is trading at its lowest levels since late 2023, down over 57% since December 2024.
Whales have moved over 130,000 ETH off exchanges in the past week, indicating a growing accumulation trend.
Whale activity suggests that smart money is positioning itself for the next move, potentially signaling a future market rebound.
For Ethereum to regain a bullish outlook, bulls must reclaim the $2,000 level. Overall market sentiment and macroeconomic conditions remain critical factors in ETH's trajectory.