- Ethereum is showing strong bullish signals as whale accumulation increases and its ecosystem sees significant growth.
- A breakout above $2,730 could propel the price toward the $3,000 mark in the near term.
Ethereum Whales Accumulate as the Price Prepares for Liftoff
Ethereum (ETH) is teetering on the edge of a major breakout, with a confluence of bullish signals building across both on-chain data and technical analysis. As of Monday, ETH is trading at $2,545, roughly 7% below its monthly peak, but signs suggest a sharp move upward could be imminent.
One of the clearest bullish indicators comes from Ethereum whales. According to data from Santiment, wallets holding large amounts of ETH have ramped up their holdings significantly — rising from 102 million ETH on March 1 to 103.5 million today. That 1.5% increase in supply held by whales is a classic precursor to potential price gains, suggesting institutional and large-scale investors are betting on a rebound.
Ecosystem Growth and ETF Inflows Add Fuel
Ethereum’s broader ecosystem is also flashing green. The total value locked (TVL) on the network has surged by 26% over the past month, topping $132 billion. Even more striking is the bridged TVL — assets locked in cross-chain bridges — which has climbed to an impressive $408 billion.
To put that in perspective, Ethereum’s TVL dwarfs competitors like Solana ($22.48 billion) and BNB Smart Chain ($9.3 billion), underscoring its dominance in the decentralized finance (DeFi) space.
Investor sentiment is also heating up with Ethereum-focused ETFs posting six straight days of inflows, bringing total cumulative investments to $2.76 billion, according to SoSoValue.
Technical Setup Hints at Breakout Toward $3,000
From a technical standpoint, Ethereum has formed a bullish flag pattern — a classic setup that typically resolves in a continuation of the upward trend. ETH is currently sitting between the 38.2% and 50% Fibonacci retracement levels after rallying from $1,382 in April.
A golden cross is on the horizon as the 50-day and 200-day Weighted Moving Averages near a crossover, adding further strength to the bullish case. Ethereum is also holding just above a critical Murrey Math Lines pivot level.
If ETH can break above the 50% Fibonacci level at $2,730, it could unlock the next major target at $3,000 — representing an 18% gain from current prices.
