<ul data-eligibleForWebStory="false">Ethereum whales have recently increased their holdings, a bullish indicator for ETH price.The whales have added 200,000 ETH (worth around $524 million) to their holdings, signaling confidence in the current price.There is a strong accumulation zone for Ethereum around $2,500 according to on-chain analytics firm Glassnode.At the time of writing, Ethereum is trading around $2,600, reflecting a 3% increase in the last 24 hours.