FameEX Hot Topics | Analysts Predict $6,500 Ethereum as $7.5B Base Forms

Ethereum is trading below the $5,000 mark, but on-chain signals and institutional participation are quietly setting the stage for a potential rally toward $6,800 before the end of 2025. Although its price action this month has remained muted, oscillating between $4,200 and $4,500, the underlying market structure indicates that strength is building beneath the surface.

Data from CryptoQuant highlights a significant accumulation phase concentrated around the $4,300–$4,400 band. Roughly 1.7 million ETH, worth about $7.5 billion, has been withdrawn from centralized exchanges into long-term accumulation addresses within this range. This activity has created a robust support level near an average cost basis of $4,300, suggesting that if Ethereum revisits these levels, buying pressure is likely to reemerge. 

Institutional flows are also shaping Ethereum’s trajectory. Open interest on the Chicago Mercantile Exchange (CME) has reached record highs, particularly in short-term maturities spanning one to three months. While this concentration could generate volatility during contract expirations, it also highlights strong institutional appetite. Moreover, longer-dated contracts of three to six months are expanding steadily, indicating that sophisticated investors are preparing for sustained upside potential throughout the remainder of the year.

Analysts believe this dual force of accumulation and institutional positioning strengthens Ethereum’s bullish case. Crypto strategist Pelin Ay argued that despite the risks of forced liquidations stemming from aggressive leverage in futures markets, the broader trend remains constructive. In her view, the market backdrop supports Ethereum reaching the $6,800 resistance level by year-end, driven by capital inflows and investor conviction.

From a technical standpoint, Ethereum’s inability to convincingly surpass $4,500 signals near-term hesitation. Still, a decisive break above $4,500 could quickly reignite momentum and pave the way toward higher targets. On the downside, $4,200 remains the first key support, reinforced by a demand zone around $4,000–$4,100. A liquidity sweep into this area remains possible before any major breakout attempt. Yet optimism persists. Veteran trader Merlijn highlighted that Ethereum’s monthly MACD has just flipped green after three years, calling it a potential precursor to a parabolic surge. As he put it, “Clear $4,500, and Ethereum goes parabolic.”

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.