Ethereum whales made over 420,000 ETH ($ 811 million) in the last five days. On the other hand, US Spot ETH ETFs saw an output of $ 35.30 million on March 14th. Meanwhile, while Hoodi Test-Net is put into operation on March 17, Pectra is expected to be operational in April.
Ethereum takes whales, ETFs sell!
Despite recent struggles, Ethereum whales are making their moves. Analyst Ali Martinez shared that whales have accumulated more than 420,000 ETH (worth $ 811 million) in the last five days. This emerged from Ethereum (ETH) last week with a low performance in the 2025 crypto market cycle with a decrease of 10.35 %last week.
Meanwhile, in addition to mixed signals, US Spot ETH ETFs recorded $ 35.30 million on Friday. According to Sosovalue, Blackrock’s ETHA saw the highest output with $ 36.37 million.
Pectra upgrade and testnet developments
Ethereum is preparing for the next major upgrade, which aims to improve scalability and stinging flexibility. The new Test-Net, called Hoodi, will be launched on Monday (March 17th). This is especially followed by Houlesky and Sepolia, the previous test networks, which face technical difficulties with invalid blocks.
If it is successful, Pectra may be broadcast on Mani-Net on an early date like April 25th. This upgrade will increase Ethereum’s layer-2 storage capacity and will be a very important step towards increasing network efficiency by reducing process fees. However, according to CoinMarketcap, the reaction of the market to this news was moderate. Within the last 24 hours, ETH has only achieved a modest profit of 1.3 %.
Important levels for Ethereum (ETH)
During the article, ETH is at $ 1,918. From a technical point of view, ETH’s relative power index (RSI) is around 33.29 and is approaching the over -selling zone. The slope of the line shows that the price level of $ 2,000 in the near future will be re -tested in the near future.
In addition, the Bollinger bands (BB) show that ETH is traded near the $ 1,741 lower band, which is a potential support for the crypto currency. In the event of an increase in purchase, there may be a correct leap in the middle band ($ 2,157) or to the upper band ($ 2,574).
Another important resistance for ETH is the 20 -day exponential moving average (EMA) at $ 2,154. This means that ETH should be above this level to confirm the ascension momentum, which makes this weekend more important.
