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Ethereum Whales Accumulate ETH: Can They Spark a Breakout?

  • Ethereum whales have started accumulating ETH, with a noticeable spike in large transactions on Binance since May 19, 2025.
  • Data indicates that large ETH holders have acquired 301,000 ETH recently, with a positive netflow of 108,000 ETH, showing increased buying activity.
  • Despite the accumulation, Ethereum's price remains range-bound between $2,400 and $2,700, with resistance at $2,700 posing a challenge for a breakout.
  • Market sentiment suggests a potential breakout if buying pressure continues and surpasses the $2,700 resistance level, while technical indicators point to a consolidation phase.

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