Ethereum Whales Signal Potential Rally Toward $3,000 as Technical Indicators Flash Bullish

Ethereum''s price action in May 2025 has formed a rare ''monthly demand candle,'' a technical pattern historically linked to significant bullish runs. Similar formations were observed before major rallies in 2016, 2018, and 2020, suggesting ETH could be poised for another sustained upward move. Technical indicators are showing unusually strong confluence, with Market Cipher momentum waves and VWAP crossing above zero adding to the bullish sentiment. Analysts are eyeing a potential rally toward the $3,000 mark as Ethereum whales return to the market, reinforcing confidence in the asset''s upward trajectory. This development comes amid growing optimism in the cryptocurrency sector, with Ethereum leading the charge as institutional and retail interest continues to build.

Ethereum Whales Return as Technical Indicators Signal Potential Rally Toward $3,000

Ethereum''s May 2025 price action has formed a rare "monthly demand candle," a pattern historically associated with significant bullish runs. Similar formations preceded major rallies in 2016, 2018, and 2020, suggesting ETH may be on the cusp of another sustained upward move.

Technical confluence appears unusually strong across multiple indicators. Market Cipher momentum waves, VWAP crossing above zero, and renewed whale accumulation all point to growing bullish sentiment. The cryptocurrency recently breached $2,750 and now consolidates NEAR $2,850 resistance—a critical level that could determine near-term price direction.

Ethereum''s dominance chart shows potentially significant developments, with a possible double bottom pattern forming alongside the first MACD momentum shift in over two years. With monthly RSI at 51—well below the 70 threshold that typically precedes parabolic moves—analysts see ample room for continued upside.

Is Ethereum (ETH) Gearing Up for a Major Breakout?

Veteran trader Peter Brandt suggests ethereum may be poised for a significant rally. A symmetrical triangle pattern on ETH''s daily chart, following its 50% surge in early May, has formed into a bullish pennant—a classic continuation signal. Brandt''s cryptic "Every dog has its day" remark underscores his conviction.

The pattern echoes Brandt''s May commentary, where he dismissed claims of ETH skepticism, instead highlighting a long-term consolidation phase that could precede explosive upside. Market sentiment appears to be aligning with this technical outlook as institutional interest grows.

Polygon Co-Founder Sandeep Nailwal Takes Over as CEO

Polygon''s governance structure shifts toward centralized leadership as co-founder Sandeep Nailwal assumes the CEO role. The move signals a strategic pivot for the layer-2 scaling solution amid intensifying competition in the Ethereum ecosystem.

Nailwal will now oversee the Polygon Foundation, including Polygon Labs and related entities. Industry observers view this consolidation of power as a response to the rapid evolution of rival scaling solutions like Arbitrum and Optimism.

Kaanch Network''s $0.32 Presale Positions It as a Potential Ethereum Challenger Ahead of 2025 Crypto Rally

Kaanch Network, a high-performance LAYER 1 blockchain, is gaining significant traction with its ongoing presale, priced at $0.32 per token. The project aims to address scalability and cost issues plaguing existing blockchains like Ethereum, offering 1.4 million TPS and near-zero gas fees. Its infrastructure targets real-world DeFi, digital identity, and asset tokenization use cases.

The 2025 cryptocurrency market revival, driven by institutional adoption and technological advancements, could propel Kaanch into a leadership position. The presale, currently in Stage 6, provides early access before exchange listings. Unlike speculative assets, Kaanch emphasizes utility with sub-second block finality and microtransaction capabilities absent in congested networks.