ETH Bulls Smash Trendline – $4,000 Next as Whale Squeeze Tightens

ETHUSD breaks a significant trend line after a long consolidation. It hits an intraday high of $3398 and is currently trading $3335.

Early-December 2025 Ethereum price rebound to $3,370 has been supercharged by a classic bullish trifecta: whales and sharks (100–100,000 ETH addresses) scooped up 934,240 ETH (~$3.15 billion) in just three weeks led by giants such as BitMine Immersion (now holding 3.86 million ETH) and heavily leveraged players like 0xBADBB, while small retail holders dumped coins into their hands. Spot Ethereum ETFs, meanwhile, saw their first significant inflows since October, drawing in $312.6 million in one week (BlackRock alone snaring $233.5 million on Dec 9), so raising institutional ownership over 5% of total supply. With EIP-1559 burns reducing liquid supply, stakes locking up 29.6% of ETH, and exchange reserves at multi-year lows, this coordinated whale plus institutional buying is producing a strong supply squeeze, historically leading to rapid rallies; sustained ETF momentum post-FOMC could quickly drive ETH towards $4,000–$5,000 in the near term.

Oscillators and moving averages to forecast the trend of ETHUSD

CMP- $3335

EMA (4-hour chart)

55-EMA- $3103

200-EMA- $3184

365-EMA- $3387. The pair trades above short and below the long-term moving average.

Major Support - $3200. Any breach below $3200 will drag the pair down to $3095/$3000/$2900/$2600/$2500/$2300/$2000.

Major Resistance - $3420.  Any break above $3420 confirms minor bullishness, a jump to $3458/$3565/$3700/$4000.

Indicators (4-hour chart)

CCI(50)- Bullish

ADX-  Neutral

5. Investment Strategy for ETHUSD

It is good to buy on dips around $3200 with a stop loss around $2900 for target profits of $3700/$4000.