Ethereum Teeters on the Edge of a Major Breakout—Whales Are Circling

Big-money players are making moves as ETH’s chart flashes a textbook breakout pattern. The crypto’s price action looks primed for a volatile swing—just don’t ask the ’fundamentals’ crowd for their opinion.

Technical traders are eyeing key resistance levels while institutional wallets shuffle stacks behind the scenes. If history rhymes, this could be the preamble to a liquidity grab—or another ’buy the rumor, sell the news’ circus.

Funny how whale activity always spikes right before retail FOMO kicks in. Almost like someone’s front-running the ’decentralized’ future... again.

Further data shows that Ethereum’s ecosystem is doing well as the total value locked jumped by 26% in the last 30 days to over $132 billion. The bridged TVL, which looks at the value of assets locked in cross-bridge contracts, ROSE to over $408 billion. 

These numbers are much higher than those of other chains combined. solana (SOL) has a TVL of $22.48 billion, while BSC has $9.3 billion. 

Ethereum ETFs are also seeing inflows. SoSoValue data show that they have had inflows in the last six days, bringing the cumulative inflows to $2.76 billion. 

Ethereum price technical analysis 

The daily chart shows that Ethereum has rallied from April’s low of $1,382 to its current price of $2,547. It has formed a bullish flag pattern, consisting of a strong vertical rally followed by a period of consolidation.

ETH is currently trading between the 38.2% and 50% Fibonacci retracement levels. A golden cross, a bullish signal, appears imminent as the 50-day and 200-day Weighted Moving Averages approach a crossover.

Additionally, ETH is holding just above the key support/resistance pivot level of the Murrey Math Lines tool, reinforcing the bullish structure. If Ethereum breaks above the 50% Fibonacci retracement level at $2,730, it WOULD confirm the bullish breakout. In that scenario, the next major target would be the psychological resistance at $3,000, an 18% gain from current levels.