Ethereum Whales Spark Breakout Potential: Strong Holdings Fuel Bullish Signal

A surge in Ethereum whale holdings suggests a potential price breakout for the leading cryptocurrency. With over 1.27 million ETH accumulated in May, these high-net-worth investors are signaling a bullish trend, likely fueled by institutional inflows and confidence in Ethereum’s long-term growth prospects. This move has already led to a robust 46% rebound in Ethereum price during May, with significant capital flowing into the asset amidst shifts away from Solana. Analysts highlight this whale activity as potentially pointing towards an Ethereum price target reaching or exceeding $3,000 before June’s end.