Ethereum Bulls Eye $2,500 Breakout as Harvard Endowment Enters the Fray
Ethereum (ETH) is now trading at about $2,000, up 2.2% over the last day. On-chain data shows that major investors have been steadily
Quick overview
- Ethereum is currently trading around $2,000, showing a 2.2% increase, with analysts predicting a potential rise to $2,500 due to a bullish reversal pattern.
- On-chain data indicates significant accumulation by major investors, despite a recent price drop of 20% in February and a 60% correction from its October peak.
- The technical analysis reveals an Adam and Eve bottom formation, suggesting that a breakout above $2,150 could lead to a rally towards $2,500.
- Institutional interest remains strong, highlighted by a recent $86.8 million investment in Ethereum, while network fundamentals show increased activity and reduced transaction costs.
As technical analysts spot a bullish reversal pattern that might push the second-largest cryptocurrency beyond $2,500 in the upcoming weeks, Ethereum ETH/USD is now trading at about $2,000, up 2.2% over the last day. On-chain data shows that major investors have been steadily accumulating, and that network activity is increasing, which could support an upside breakout, even though the price had a 20% fall in February and a wider 60% correction from its October peak near $4,800.
ETH/USD Technical Analysis: Adam and Eve Bottom Points to $2,500 Target
Ethereum’s four-hour chart is showing a typical Adam and Eve bottom formation, which is a bullish reversal pattern that consists of a gradual, rounded consolidation base (Eve) after an initial rapid, V-shaped decline (Adam). When buyers have absorbed vigorous selling, this technical pattern usually indicates that a phase of accumulation is about to begin as volatility contracts.
A confirmed breakout over the pattern’s neckline, which is at $2,150, would confirm the reversal setup. Experts predict a possible rally toward the $2,473–$2,634 area, with some targets reaching $2,500, based on the measured move projection from the pattern’s base.
As long as Ethereum stays above recent higher lows—with $1,909 being recognized as a crucial short-term support level—the pattern will continue to be legitimate. The bullish argument would be refuted by a collapse below this zone, which might also reveal lower support levels close to $1,800.
ETH Derivatives Data Shows Asymmetric Squeeze Potential
The market structure of Ethereum’s derivatives indicates a higher possibility of upside volatility. The predicted leverage ratio is still high at 0.7, just slightly lower than 0.77 in January, even though open interest has shrunk to $11.2 billion from a cycle record of $30 billion in August 2025. This suggests that there is still a concentration of leveraged positions in the system, which fosters the possibility of abrupt directional movements.
Heatmaps of liquidity show an asymmetrical setup that favors bulls. Approximately $1 billion in long liquidations are stacked close to $1,800, while almost $2 billion in short holdings are concentrated above $2,200. If Ethereum breaches important resistance levels, this setup has significant squeeze potential. According to Hyblock data, 73% of global accounts are currently long on ETH, indicating that retail traders are feeling positive.
A noteworthy $563 million liquidation cluster, however, is located near $1,909 and may serve as a temporary liquidity magnet prior to the emergence of any long-term upward trend.
Ether Whale Accumulation Continues Despite Price Pressure
Despite ongoing price weakening, institutional accumulation is compellingly depicted by on-chain data. During February’s drop, Ethereum accumulation addresses added almost 2.5 million ETH, increasing total holdings to 26.7 million ETH from 22 million at the beginning of 2026.
Ethereum whales are now holding positions at unrealized losses similar to those traditionally seen at prior market bottoms, per a new CryptoQuant analysis. Late in corrective cycles, when major holders continue their accumulation methods instead of distributing, this pattern usually appears. Interestingly, despite having few chances to make money during the current cycle, these whales currently have some of the biggest total Ethereum balances ever.
Michaël van de Poppe, the founder of MN Capital, pointed out that the price of ETH in relation to silver has dropped to its lowest point ever, indicating that the current stage can offer a window for long-term accumulation.
Ethereum Network Fundamentals Show Strength
Despite price issues, Ethereum’s network measurements show strong underlying demand. Currently, 37.2 million ETH, or more than 30% of the total supply in circulation, is staked, thereby decreasing the amount of liquid supply. While weekly transaction numbers hit a record high of 17.3 million, median fees fell to a pitiful $0.008.
The efficiency of the network has dramatically increased as a result. Weekly transactions were close to 21 million during the peak of 2021, yet median fees were around $25, a 3,000-fold disparity. As layer-2 solutions and protocol enhancements continue to mature, Ethereum may be positioned for more acceptance as the existing structure reflects far higher usage at dramatically reduced costs.
Ethereum Price Outlook: Cautious Optimism Above $2,000
Although accumulation trends and technical patterns point to positive potential, Ethereum must overcome significant resistance levels if it is to see long-term growth. Regaining the $2,150 neckline is the primary goal right now in order to confirm the Adam and Eve bottom formation.
Short liquidations over $2,200 might be triggered by a successful breakout, which might quicken the market’s pace into the $2,500 area. Ethereum might be vulnerable to a retest of the $1,800 region and possibly deeper correction area if it is unable to maintain above the $1,909 support level.
Institutional interest is indicated by Harvard Management Company’s recent $86.8 million investment in BlackRock’s iShares Ethereum Trust (ETHA), however overall market circumstances and cryptocurrency liquidity are still crucial factors. For the time being, Ethereum bulls defending the $2,000 mark have a cautiously bullish perspective due to the combination of technical setup, whale accumulation, and improved network fundamentals.
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