Ethereum Whales Indicate Bullish Reversal: Key Support Test & Harmonic Pattern Highlight Potential Price Rise

A significant Ethereum whale transaction has fueled market speculation about a bullish reversal for the crypto asset. The move involves 9,610 ETH, equivalent to approximately $14.5 million, used as collateral by the owner of this newly created wallet. This action signals confidence in potential price rebounds despite recent dips, including the 3.69% drop that saw ETH trading at $1,522.36.