Ethereum Poised for Breakout as Whales Accumulate Over $1 Billion in ETH
- Crypto whales have purchased over 330,000 Ethereum, valued at more than $1 billion, in the past week.
- Ethereum is forming a bullish inverse head and shoulders pattern on the daily chart.
- The altcoin is trading at $3,486, marking a 5.4% increase in the last 24 hours.
- A potential breakout could occur if Ethereum closes above the $4,000 neckline.
Cryptocurrency analyst Ali Martinez reports that significant whale activity has led to over $1 billion in Ethereum purchases recently. This buying pressure may lead to a bullish breakout if Ethereum surpasses the $4,000 mark.
Source (2.6)https://dailyhodl.com/2025/01/18/crypto-trader-says-one-factor-could-trigger-massive-breakout-for-ethereum-heres-his-outlook/?rand=59076
