Ethereum 'mega whales' are stacking harder than pre-95% rally in 2002
09.07.2025
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Ethereum is eyeing a breakout toward $3,400 as it consolidates within a bull pennant, echoing classic continuation patterns from past rallies.
Ether whales reclaim the most supply since 2020
The big fish in the Ethereum sea are gobbling up ETH like there's no tomorrow. These 'mega whales' now hold over 41.06 million ETH, up from a sad 37.56 million in October 2024. That's a 9.31% jump, almost double their snack rate before the 2022 rally.
Back in the day, a 4% accumulation led to a price explosion. Now, with double the appetite, are we setting the stage for another epic pump? The whales seem to think so, and they're not exactly known for being wrong.
Bull pennant targets 30% ETH price gains
ETH is chilling in a bull pennant, looking all cozy and ready for a breakout. If history's any guide, we could be eyeing $3,400 by August. And for the dreamers? Some whispers say $5,000 by year's end isn't just hopium.
The $2,500–$2,536 range is where the cool kids are hanging out, with over 3.45 million ETH parked there. It's like the VIP section at a club—once you're in, the party starts.
So, what's the play? Watch the whales, watch the charts, and maybe, just maybe, strap in for the ride. But hey, not financial advice—just vibes.
#Ethereum Genesis#Bull market#Cryptocurrency market#Shift to Ethereum#Technical analysis
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