Ethereum's price action is sending mixed technical signals this week, but whale sentiment is turning decisively bullish. The asset's relative strength index sits in neutral territory, while the MACD indicator flattens — a pattern that often precedes a sharp move. Meanwhile, 69% of large holders are positioned long, and market participants are eyeing a key resistance level at $2,450 that some predict could be reached within 14 days.
Whale Sentiment Turns Up
Despite the technical vacuum, large holders are making their bet. With 69% of whale positions long, bullish conviction among the biggest players is clear. That's a notable skew — it means more than two-thirds of major traders are expecting upside. Whale positioning isn't always a perfect predictor, but when that many big accounts lean one way, it tends to pull smaller traders along. Right now, the money is betting on higher prices.
The $2,450 Target
A price target of $2,450 has emerged as a key resistance level, with predictions it could be tested within the next two weeks. That's roughly a 10-12% gain from current levels, assuming no major headwinds. Whether that number holds depends on broader market conditions — regulatory news, bitcoin's direction, and macroeconomic cues all play a role. But for now, Ethereum's chart and whales are both pointing toward that level. The question is whether buyers have enough steam to push through or if $2,450 will act as a ceiling.
