While Bitcoin (BTC) raced from record to record in 2025, Ethereum (ETH), which fell behind, finally broke its 2021 ATH and experienced a sharp correction just as it was on the rise.
With this correction, Ethereum fell to $4,200 levels, and one analyst said that Ethereum could make a big move soon.
Popular cryptocurrency analyst Ali Martinez said in his X analysis that Ethereum has entered the squeeze zone of the Bollinger Bands.
Ethereum’s Bollinger Bands have narrowed sharply and entered ‘squeeze’ territory. It could make a big move soon.
Generally, when the width of the Bollinger Bands narrows, price volatility decreases and is interpreted as a signal that a strong price increase or decrease may follow.
While the analyst argues that Ethereum will make a big move soon, it is more likely to be bullish as institutional investors continue to buy ETH.
According to Lookonchain’s post, 4 new wallets created in the last 24 hours withdrew 78,229 ETH worth $342 million from Kraken.
“Institutions continue to buy ETH!
In the last 10 hours, 4 newly created wallets withdrew 78,229 ETH ($342 million) from Kraken.
In addition, Trend Research, which sold ETH at a lower price two months ago, has also started buying again.
Accordingly, Trend Research purchased 9,377 ETH worth $41.37 million from Binance.
“Trend Research is buying back ETH at a higher price.
Just 2 months ago, they sold 79,470 ETH ($250 million) worth of shares at an average price of $3,145.
In the past 2 hours, they borrowed 88M USDT from Aave, deposited it to Binance, then withdrew 9,377 ETH (worth $41.37M) from Binance.
*This is not investment advice.
