Ethereum Price Correction: Whales Accumulating, Historical Patterns Suggesting Breakout

Following the Bitcoin price dip below its crucial support at $84,000, crypto markets have experienced volatility. Ethereum, along with other altcoins like Solana, saw a significant drop. ETH’s price fell back to the mid-$2,700 range as broader market uncertainty pushed investors towards risk-averse strategies. While short-term technical analysis may appear fragile, deeper investigation of staking flows, historical price structure, and long-term accumulation zones reveals that this decline could be less about weakness and more about potential opportunities for long-horizon investors. 2017 and 2020 show a similar pattern—a consolidation phase before dramatic breakout phases. The current ETH price action is echoing these patterns with significant similarities.