Ethereum Price Hits $1,700 After Tariff Turmoil — Are ETH Whales Betting on a Q2 2025 Breakout?

Ethereum market recovery is a hot topic as ETH trends downward, losing 5% in a $140 billion market plunge. Recent tariff policies triggered a sell-off, pushing ETH market prices down to $1,700. However, analysts believe the Ethereum price could mirror the 2020 trend reversal. 

Renowned analyst Mister Crypto comments that retail investors are withdrawing, yet Ethereum whales are accumulating aggressively, pointing towards a possible bullish reversal in Q2 2025.

Whales Accumulate While Bearish ETH Trends Reign

Latest statistics confirm that Ethereum whales have been continually growing their stakes. 10,000-100,000 ETH wallets accelerated accumulation at the highest rate on record since February 2025. Analyst CryptoGoos highlights the fact that the market price of ETH makes it undervalued at present and thus a top pick for investors looking for a long-term purchase.

Retail has given up on Ethereum.

But whales haven't.$ETH WILL EXPLODE IN Q2! pic.twitter.com/QIApJYa4Qf

— Mister Crypto (@misterrcrypto) April 3, 2025

Mister Crypto shared a chart on X, showing striking similarities between ETH’s current price action and its 2020 trend. He suggests that if history repeats, ETH could see strong bullish momentum in Q2 2025.

Likewise, Crypto Caesar pointed out that the Ethereum price is at levels close to 2020, which indicates that the cryptocurrency might be at the bottom. However, if ETH breaks below the $1,700 support, some analysts warn that further downside toward $1,200 is possible before any recovery takes place.

ETH Market Trends: More Downward or Recovery?

While whale accumulation suggests optimism, some experts believe ETH market price trends could still face short-term struggles. CryptoBullet noted that ETH has touched its 300-week moving average for only the second time in history, signaling a possible bearish continuation. Meanwhile, Cryptododo7 predicts that ETH market trends could test lower support levels between $1,130 and $1,200 before a significant uptrend.

Despite these bearish warnings, market commentators remain hopeful. Titan of Crypto stated that ETH market price analysis still suggests new all-time highs later this year, provided network activity picks up.

Ethereum Network Challenges: A Cause for Concern?

One of the biggest challenges Ethereum market trends face today is reduced network activity. According to a report, Ethereum’s declining active addresses and low transaction fees have contributed to its weakening price performance. The Ethereum price analysis report, which helps regulate inflation, has also dropped to its lowest levels since the Merge.

The Dencun upgrade, which introduced lower fees, has inadvertently contributed to its inflationary status. With more ETH being minted than burned, the asset is facing long-term selling pressure. Crypto analyst EgyHash points out that unless Ethereum sees a revival in active addresses and transaction fees, the price may continue to decline.

Also, the current bearish trend in the market has escalated as key investors are still holding back due to regulatory updates. Some experts forecast that without considerable growth in institutional investments, the momentum of Ethereum will continue to be weak in the short run. 

ETH Market Price Analysis: Can It Rebound?

Despite the current struggles, analysts agree that Ethereum market recovery remains a strong possibility. If network activity increases and Ethereum whale accumulation continues, the ETH market price could regain bullish momentum. 

Past experience indicates that such dips have frequently led to powerful rallies in the past. If history repeats itself with Ethereum, Q2 2025 might be the turning point. Yet, market volatility cannot be ruled out, and short-term fluctuations in the bearish trend may continue before a long-lasting recovery sets in.

As Q2 2025 draws near, the question is, will the Ethereum market recovery occur, or will bearish trend sentiment continue? The next few months will be the deciding factor in how ETH market trends and its next massive move will be.