Another week grinding above $3,000, another “is this it?” moment. Most of us are running on coffee and hopium at this point, quietly wondering if we’ll ever get a clean breakout again. Yet while the timeline stays stuck in cautious mode, one legendary whale that perfectly timed the short right before Trump’s tariffs announcement, just said “enough” of this bearish sentiment and dropped $100 million on an long. With exchange supply at the lowest level in Ethereum’s entire history, that single bet is starting to look less crazy and more like perfect timing. This ethereum price prediction breaks down why the tired bulls might finally get their relief rally before 2025 is over.
EXPLORE: 9+ Best Memecoin to Buy in 2025
The trader known as the “Trump Tariff Whale”, famous for perfectly timing major news events, has opened a $100 million long position on Hyperliquid with an average entry near $2,965. The position is now in profit, and the liquidation price sits far away at $1,597. This is one of the biggest single bets on Ethereum in recent months and shows clear confidence that the next move is up, not down. Large players rarely risk this kind of size unless they see strong catalysts ahead.
Glassnode data confirms that only 8.8% of all ETH now sits on centralized exchanges, the lowest level since Ethereum’s launch in 2015. That number has fallen 43 % since July. Bitcoin, by comparison, still has 14.7 % of its supply on exchanges. The missing ETH has been moved into staking contracts (nearly 30% of the total supply), restaking platforms, Layer-2 networks, corporate treasuries, and private wallets.
Once coins leave exchanges for these destinations, they almost never return quickly. A less available supply means any increase in buying pressure can push the price much higher than normal.
On-balance volume (OBV) broke above a key resistance line last week, even though the price was briefly rejected at $3,200. This positive divergence often appears before strong upward moves.
At the same time, the ETHBTC pair broke its multi-month downtrend, a sign that Ethereum may soon outperform Bitcoin again.
(Source: Coinegcko)
Open interest in perpetual futures is rising, and short positions have grown, creating extra fuel for a short squeeze if ETH breaks $3,200–$3,250.
DISCOVER: 10+ Next Crypto to 100X In 2025
Markets currently price an 87 % chance of a 25-basis-point rate cut when the Fed meets in mid-December. Lower interest rates usually help risk assets, and Ethereum has a strong historical correlation with the NASDAQ. A softer message from Chair Powell would likely bring fresh capital into the sector exactly when ETH supply is at its tightest.
If ETH clears $3,250 resistance, the next major targets sit at $3,800 and then $4,500 in the coming weeks. Some models that focus on the current supply shock even project a price of $4,885 by the end of 2025. With shorts facing over $500M in liquidations above $3,500 and exchange balances still dropping, the path of least resistance looks higher. The $100M whale bet, record-low supply, positive technicals, and an expected Fed cut all line up in the same direction.
At $3,198, Ethereum is sitting directly below the key breakout level. A daily close above $3,250 this week would confirm the start of the next leg higher and could quickly turn the current cautious mood into strong buying momentum.
EXPLORE: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year
Read original story Trump Tariff Whale’s $100M ETH Long Bet as ETH USD Faces Supply Shock: Ethereum Price Prediction Ready to Explode? by Fatima at 99bitcoins.com