On-chain chart on Binance is showing a rare and historically bullish signal for Ethereum, last seen before ETH surged from $2,200 to $4,000 in December 2023.
Ethereum whale orders have been increasing on Binance since May 19, indicating growing confidence among institutional players and deep-pocketed investors.
Whales entering the market early during the formation of bullish trends, as seen on ETH order books, suggest renewed interest in building long-term positions.
May is highlighted as a strategic entry point for Ethereum accumulation, signaling the early stages of a macro reversal, with major players positioning for a breakout.