- Whale investors have purchased nearly ~800k ETH per day for the last week, suggesting that institutional confidence in the future of Ethereum is rising.
- Ethereum is highly consolidating around its 50-week moving average and is mirroring the consolidation structure which preceded a major breakout in 2020 ($3,000).
- Bullish technicals and whale activity confirm Ethereum may have strong upside if the price breaks out above $2,700 with volume.
Ethereum is seeing renewed whale interest as over 800,000 ETH has been accumulated daily for nearly a week, signaling bullish sentiment.
Whale Accumulation Aligns with Technical Support Retest
Ethereum continues to attract large investors. According to Cointelegraph, whales have been accumulating more than 800,000 ETH per day for nearly a week. This activity comes at a crucial time as Ethereum trades around its 50-week moving average.
Merlijn The Trader noted that the current setup closely mirrors Ethereum’s 2020 price behavior. Back then, ETH held above the 50-week MA and later surged significantly. In 2025, the asset is once again consolidating below this level, forming a similar tightening range pattern. Technical indicators, including multiple weekly candles circling the moving average, suggest a potential “golden cross” formation is developing.
In the past, this pattern has led to a breakout rally of over 35% and Ethereum moved above $3,000. The current consolidation zone, around $2,500-2,700, could become the launching pad if volume spikes and the bulls remain in control.
Ethereum Maintains Structure Amid Global Uncertainty
Despite broader geopolitical tensions, Ethereum continues to hold its local range. Analyst Ted remarked that ETH’s resilience during uncertain times suggests strength in the current market structure. According to him, when external pressures ease, the market could witness a sharp recovery, which he described as a “revenge rally.”
This ability to retain range structure under pressure strengthens bullish momentum. Buyers appear committed to defending the $2,500 support level, which is acting as a psychological and technical foundation for the next move.
If the moving average is reclaimed with good volume, Ethereum could mirror its previous breakout and continue toward the $3,000 zone.
Market Watching for Key Breakout Signals
Market participants are now paying close attention to price action at the 50-week MA. Ethereum breaking resistance at $2,650 and $2,700 with conviction, it may confirm bullish breakout.
Momentum and trading volume remain essential to validate this move. Historical charts suggest that once ETH clears this range, buyers could drive the price upward rapidly. With whale activity increasing and the chart structure aligning with past rallies, Ethereum enters a pivotal phase in its cycle.
