🚨🚨ETHERUM WHALE 🐳 🚨🚨
ETH is showing renewed strength across both technicals and on-chain data. In the past 24 hours, there’s been a noticeable increase in transaction activity and large movements from whale wallets. What’s interesting is that a significant portion of these large transfers involves capital moving from Bitcoin into Ethereum. Historically, this kind of shift often signals a transition point in market cycles, where confidence begins rotating toward altcoins, and Ethereum typically leads that wave. 📈
Recently, ETH broke through a key resistance level at $2,570, and not with a weak or tentative move. It pushed through by over 29 points, reaching into the high $2,590s. That kind of breakout, especially when supported by volume and follow-through, is something many traders watch closely. Rather than immediately rejecting or pulling back, price has been consolidating just above the breakout level, which is often a sign of strength, not exhaustion.
Alongside price, network fundamentals continue to improve. Exchange balances are trending down, which can be interpreted as a sign of accumulation. Meanwhile, gas fees have started rising, not from congestion, but from increased network usage. These types of metrics suggest real activity is growing beneath the surface.
From a macro view, ETH also appears to be regaining dominance. And when that happens, it tends to act as a signal that the broader altcoin market is preparing to move. The last time we saw a setup like this was in 2020, right before the biggest alt season in recent history.
Nothing is ever guaranteed in this market, but the current structure and momentum in Ethereum are worth paying attention to. The way the price, volume, and sentiment are aligning is something that hasn’t happened in a while, and for those tracking cycles, this moment stands out.
What’s your take…is Ethereum just getting started or already leading the way into the next phase of the crypto cycle?