Ethereum continues to consolidate within a wide range of $4,000 to $4,868, but the Ethereum price prediction is leaning bullish. Analysts highlight a bullish pennant forming, which often precedes large breakouts. Buyers are protecting the $4,400 to $4,500 support, while resistance sits at $4,700 to $4,800. A clean breakout above this range could target $5,800, making Ethereum one of the top cryptos to buy now in Q3.
The number of large holders is also growing, with wallets holding more than 10,000 ETH recording their largest profits since the 2021 bull run. Meanwhile, Ethereum on exchanges is at multi-year lows of 16.9 million ETH, an indication of supply tightening. The trends reinforce the long-term argument of Ethereum as one of the most viable DeFi projects in 2025.