Ethereum Whales Buying: Signals of Breakout Approaching

Ethereum whales have been accumulating the cryptocurrency, buying over a million ETH in the past month while prices remain within a tight range. This accumulation coincides with a bullish flag pattern forming on the price chart, indicating potential for a breakout above $3,000-$3,500 in the near future. However, significant price fluctuations could occur due to critical liquidation clusters at key levels ($2,607 and $2,716). These concentrations of leveraged trading positions, with billions of dollars riding on either direction, could cause sudden shifts in ETH prices.