- ETH shows resilience with reduced drawdowns and consistent higher price levels.
- Ether Machine becomes third-largest corporate holder with 34.8K ETH.
- Strong buying pressure keeps ETH above $3,800 despite brief resistance.
Ethereum (ETH) is gaining strength as the cryptocurrency market enters what analysts describe as the 2025 Altseason. With Bitcoin breaking out to nearly $120,000, investor capital is rotating into altcoins. Ethereum has surged over 170% from its recent lows and is now trading close to its all-time high.Â
Ethereum Strengthens as Drawdowns Shrink
Recent data from CryptoQuant shows that Ethereum is currently just 23% below its all-time high of $4,871. Its price has steadily climbed since 2023, showing fewer deep drawdowns compared to earlier market cycles.
This pattern reflects a more stable uptrend and increased market resilience. Analysts point to Ethereum’s improving technical structure, which now shows consistently higher lows and a narrowing of volatile price swings.
At press time, ETH is now trading at $3,838.89, up 2.18% in the past 24 hours. After a brief dip, it recently found support near $3,700 and is now testing resistance at around $3,880.
Traders report strong buying pressure, helping ETH hold above the $3,800 mark. This sustained support, coupled with ongoing momentum, signals potential for Ethereum to push further toward its 2021 high.
The Ether Machine Rises to Top Corporate Holder
Meanwhile, The Ether Machine has acquired $56.9 million worth of ETH, bringing its total holdings to 34,800 ETH. At current prices, its holdings are valued at approximately $130.8 million.
This accumulation has made The Ether Machine the third-largest corporate holder of Ethereum, following Bitmine Immersion Tech and SharpLink Gaming. The Ether Machine’s position has grown by 4.69% in the last 30 days, reflecting strong market confidence.
Analysts see this accumulation as part of a broader trend in which institutional players seek long-term exposure to ETH during key market growth phases. With Ethereum nearing $3,840 and momentum building across altcoins, institutional moves such as this are reinforcing bullish sentiment throughout the ecosystem.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
