Ethereum Price Prediction: Post-Rally 13% Drop – Is ETH Eyeing Deeper Correction or New Highs?

Ethereum’s latest retreat, a 13% drop from recent highs, marks its first weekly loss in over a month, breaking a steady uptrend that saw ETH testing multi-week highs. The correction, which briefly dragged prices below $3,400, has sparked debate: Is this a pause before a breakout, or the start of a more profound decline?

A fascinating counter-narrative has emerged: a whale bought $300 million of ETH, indicating they believe this dip is temporary.

Someone is playing big on $ETH.

Instead of bloodbath whale loading their bags with only ETH.

In the last 3 days, he purchased $300M ETH from Galaxy Digital OTC.

What a confidence, zero hesitation.

Now, its current worth $264M is currently down 8.7%.

While you are selling,… pic.twitter.com/iHUTRAuNKH

On-chain data from Arkham Intelligence shows the massive purchase happened as prices were dropping – a “buy the dip” strategy from a high-conviction entity. This, as the broader market is reeling from macro pressures: a strong US dollar and weak non-farm payroll data, which triggered risk-off sentiment.

• ETH price drop: -13% from July highs
• Whale purchase: $300 million in ETH
• Market cap: $422B
• Trading volume: $28.8B (past 24h)

This divergence between price action and whale behavior suggests a potential reversal. While many traders are exiting on fear, the aggressive accumulation indicates a medium to long-term recovery outlook. It also comes as Ethereum is an institutional asset tied to upcoming ETFs and on-chain upgrades.

Ethereum price prediction is turning bullish as ETH is trying to recover from $3,374 – its lowest since early July. Price is testing the 0.236 Fib at $3,491, a level that was both support and resistance before.

A clean break above this could lead to $3,564 (38.2% Fib) and $3,623 (50%), with ultimate recovery at $3,681 (61.8%), which is also the 50-period SMA at $3,711.

#Ethereum Price Prediction
ETH bounces from $3,374 support but faces major resistance at $3,564 (Fib 38.2%). RSI still weak at 39.5.
Watch:
Break above $3,681 = bullish continuation
Rejection = drop to $3,267 likely
Whale bought $300M ETH – confidence or trap?#ETH #Crypto pic.twitter.com/S7h4jBgF32

Momentum is still weak. The 4-hour RSI is at 39, just below the 50 neutral zone. Without bullish divergence or volume confirmation, the price may stall at resistance.

A reversal candle (bullish engulfing) above $3,564 would add to the recovery. But rejection at $3,491 or $3,564 would be bearish and could drag ETH back to $3,374 or even $3,267.

If ETH breaks above $3,564 with volume and a bullish candlestick, traders can target $3,681 and $3,765. This is Fibonacci and historical resistance, a high probability setup.

Trade Levels:

• Entry: Above $3,565
• Stop-Loss: Below $3,480
• Targets: $3,681 / $3,765
• Invalidation: $3,491 fails to hold

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