Ethereum price is showing relative strength amid broader market consolidation, holding above the $3,000 support level, as whale buying rises.
Amid the broader crypto market consolidation, Ethereum ETH $2 822 24h volatility: 6.0% Market cap: $340.40 B Vol. 24h: $37.95 B is showing strength with a 1.35% gain today, trading around $3,153.
Latest data indicates that whale entities have been rotating capital from BTC BTC $84 579 24h volatility: 5.0% Market cap: $1.69 T Vol. 24h: $71.06 B to ETH. If this trend continues, it could set the stage for the next altcoin rally.
Ethereum Price Shows Strength Above $3,000
Following a drop to $3,050 earlier today, Ethereum price has shown strength amid strong buying interest. As ETH flirts with $3,150, the daily trading volumes have surged 125% to more than $20.5 billion.
Popular market analyst Ted Pillows noted that ETH is showing strength after holding above the key $3,000 support level. The largest altcoin has since staged a quick recovery.
Pillows noted that as long as the current support zone remains intact, ETH could rebound toward the $3,300-$3,400 range. However, the analyst warned that a breakdown below $3,000 could trigger a rapid decline toward levels below $2,800. So far, investors have been actively buying the Ethereum price dips.
$ETH is still holding above the $3,000 level.
It dropped below the $3,050 level but recovered quickly.
As long as the support zone holds, I think Ethereum could rally towards the $3,300-$3,400 level again.
If ETH loses the $3,000 level, expect a quick dump below the $2,800… pic.twitter.com/ALUMVoAYkz
— Ted (@TedPillows) December 15, 2025
Another popular X handle, Bitcoinsensus reported that the ETH/BTC trading pair has generated a bullish signal on the monthly chart.
The MACD indicator flashes a bullish signal. The analyst noted that this type of signal is rare and usually appears only once per market cycle.
$ETH vs $BTC Ratio Turning Bullish 📈💥
The ETH/BTC pair has printed a monthly bullish cross on the MACD.
That's an extremely rare signal that only flashes once per cycle. 🔥
Last time this happened we saw a huge Altcoin rotation the year after. 🎯📈
(Past price performance… pic.twitter.com/UBqMCk2X6k
— Bitcoinsensus (@Bitcoinsensus) December 14, 2025
According to Bitcoinsensus, the last time a similar setup occurred, it triggered a significant capital rotation into altcoins over the following year. This suggests a notable shift in market dynamics from BTC to ETH.
ETH Mega Whale Buys 38,576 Coins
The whale activity surrounding Ethereum has spiked once again. On-chain data shows that during the recent market dips, a mega whale dubbed 66kETHBorrow has turned active again, buying the dips.
The wallet, which previously acquired around 489,696 ETH valued at approximately $1.5 billion, has resumed buying activity over the past several hours.
As the market dropped, the #66kETHBorrow Whale — who previously bought 489,696 $ETH($1.5B) — has started buying $ETH again.
Over the past 8 hours, he borrowed 85M $USDT from #Aave to #Binance, and then withdrew 38,576 $ETH($119.3M) from #Binance.https://t.co/lFa4hVdnH8 pic.twitter.com/ZOx5fNcQFk
— Lookonchain (@lookonchain) December 15, 2025
Data shows that within the last 8 hours, the whale borrowed $85 million in USDT from the Aave AAVE $147.2 24h volatility: 7.9% Market cap: $2.24 B Vol. 24h: $436.40 M lending protocol, transferred the funds to Binance, and subsequently withdrew 38,576 ETH valued at roughly $119.3 million.
The renewed accumulation comes as the broader market consolidates. It suggests continued conviction from large holders despite short-term volatility.
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