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Ethereum Cost Basis Signals Strong Support at $2.5K; Price Breakout Next?

  • ETH showed a 3.11% bounce fueled by market upticks, whale accumulation, and support at $2.5k.
  • Ethereum's Cost Basis Heatmap reveals strong accumulation at $2.5k, with over 3.45 million ETH in that range.
  • Crypto whales like Cumberland continue to accumulate ETH despite sideways movement, indicating bullish sentiment.
  • ETH's price breakout from a reversal pattern and neckline resistance suggests a potential rally to $2,865 and $3,120.

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