Whales Accumulate 1.8M $ETH as Analysts Predict Strong Upside Momentum
Ethereum has officially broken free from a multi-year
symmetrical triangle pattern, a technical setup that had kept prices tightly
compressed since the 2021 peak. This breakout signals a potential rally toward
the $8,000 level, provided $ETH holds above the crucial $4,000–$4,200 support
zone.
Market analyst Titan of Crypto highlighted that Ethereum’s
monthly close above long-term resistance confirms the breakout, with the $8K
target derived from the triangle’s height projection. Meanwhile, on-chain data
from analyst Ali shows whales scooped up over 1.80 million ETH in the
past month—an accumulation phase that aligned with the breakout and reinforces
bullish sentiment.
As of now, $ETH trades at $4,194, up 7.73% in 24 hours
and 19.25% over the week, with trading volumes surpassing $40.7 billion.
If buying pressure from institutions and retail investors continues, Ethereum
could finally end years of sideways movement and surge toward its projected
target.
#ETHBreaks4000 #Ethereum #altcoins