$ETH Next Move: $2K or $3K by September’s End?

Ethereum faces a critical moment as a large whale deposit raises concerns about potential selling pressure. Earlier today, an ETH whale moved 15,000 ETH (worth $38.4M) to Kraken, raising fears of a correction. Historically, similar moves by this whale have preceded significant price drops. For instance, in late July, the whale offloaded 10,000 ETH just before a 7.6% price decline, and in August, another 15,000 ETH sale led to a 2.5% drop

Now, with 26,639 ETH still in this whale's holdings, many fear a repeat scenario.

Despite this bearish signal, Ethereum has seen impressive gains over the past two weeks, climbing from $2150 to $2564 —a 19.28% rise

Analysts suggest that if the double-bottom reversal pattern holds, Ethereum could push up to $2800, backed by the 100-day EMA, and possibly hit $3000 or even $3500

However, if selling pressure continues, Ethereum could revisit the $2000 level. Notably, the ETH supply on exchanges has reached 21.43M ETH, signaling potential liquidation as more traders move assets into liquid markets.

➡️ Key levels to watch:

- Bullish breakout: $2800 → $3000+

- Bearish correction: $2000 support

With both bullish and bearish pressures in play, will ETH hit $2K or $3K by month’s end? Keep a close eye on the whale activity and key resistance levels

#ETH🔥🔥🔥🔥 #etherreum #CATIonBinance #DODOEmpowersMemeIssuance #BinanceLaunchpoolHMSTR