Ethereum Whale Bets Big on Bullish Breakout: 30% Rally to $3,670 Anticipated

A major Ethereum whale has taken a hefty bet on the cryptocurrency’s upside potential, fueling speculation of a significant price surge. This large-scale trade, involving an impressive $11 million investment and leveraged 25x, signals mounting bullish sentiment as Ethereum prices approach record highs. Experts attribute this bullish momentum to DeFi growth and growing institutional interest. 30% gains are being targeted towards the end of June on a break from a technical pattern known as a bull flag. The move coincides with positive market trends and anticipation for potential Fed rate cuts, driving Ethereum’s price higher.