The Ethereum price is showing signs of a breakout with the formation of an inverse head and shoulder pattern on its long-term price chart.The pattern indicates a potential trend reversal and predictions suggest Ethereum could rally to $12,000, marking a new all-time high.Whales have been accumulating Ethereum, steadily increasing their holdings since 2017, indicating potential bullish price action.Investors are positioning themselves for the potential upward movement, with the pattern and accumulation supporting a bullish trend outlook.