Ethereum surges 40% since early May as institutional accumulation and whale activity signal strong bullish conviction and upside potential.
ETH confirms breakout above $2,500 with strong volume and structure, maintaining momentum within the $2,600–$2,750 consolidation range.
Long-term reaccumulation zone between $2,000–$4,000 supports continuation toward $4,000 as volatility compresses and breakout nears.
Ethereum remains on a bull run with great momentum, carrying out accumulation by smart money across several timeframes. The asset is currently priced near $2,630 and has surged more than 40% since early May. Other than institutionals like BlackRock letting more exposure on, whales and large wallets have been increasing their buying exposure. This huge buying volume points to growing buying interest in ETH, thereby results in a timely breakout opportunity toward $3,000 for short-term levels.
Strong Breakout From Reaccumulation Zone
Ethereum’s bullish move began in early May when it decisively broke above $1,850. That breakout triggered a rapid rise through successive resistance levels. By mid-May, Ethereum crossed $2,200 with consistent momentum. However, between May 15 and 20, it experienced volatility around the $2,400 level. Mixed candles reflected a temporary tug-of-war between buyers and sellers.
Source: Doctor Profit
Consequently, late May delivered a breakout above $2,500, supported by robust volume and bullish candlestick structures. This move pushed Ethereum to highs near $2,750 before a mild consolidation phase began. Currently, ETH remains in the $2,600 to $2,750 range with a gain of over $92 this week.
Macro Structure Supports Long-Term Expansion
Moreover, long-term charts suggest Ethereum is completing a textbook reaccumulation phase. From 2022 through early 2023, the asset formed a major accumulation base between $800 and $2,000. Since then, Ethereum has developed a wide reaccumulation zone ranging from $2,000 to $4,000.
Fractal behavior observed on macro charts signals repeating smart money patterns. Besides, volatility compression often precedes major breakout expansions. Ethereum's current structure reflects strength, not exhaustion—supporting continuation toward all-time highs in the coming months.
Source: BlockchainBaller
The asset’s weekly performance reinforces this bullish structure. Ethereum opened the session at $1,539 and reached a high of $2,655. The chart shows strong support above $2,475, confirming the current uptrend's stability. Technical indicators also highlight potential targets around $3,100 in the near term.
Outlook Remains Strong
Hence, Ethereum’s technical and structural setups align for further expansion. Buying activity from large players and institutional capital signals strong conviction. Additionally, accumulation and reaccumulation patterns remain intact. As ETH consolidates around $2,630, a breakout above $2,750 could drive the next leg toward $4,000. Investors are positioning accordingly as macro signals whisper the return of bullish dominance.
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