$ETH can be on the edge of a strong bullish breakout because of on-chain data indicates increasing whale accumulation and rare chart pattern signals further upside.
$ETH was trading at most $2,545 on day of Monday, hovering around the level for the past few days. This price is about 7% below its monthly high.
This shows the signs will large investors expect Ethereum to rebound in the coming months. On-chain data indicating that the supply of $ETH held by whales has been rising steady.