Ethereum Whales Add 1.4 Million ETH as Price Breaks Major Resistance, Nears $3,000

• Whales added 1.4M ETH before price surge, signaling strong bullish conviction
• Golden cross on 12H chart signals rising momentum and increased buying pressure
• Ethereum must hold above $2,200 to maintain uptrend and avoid bearish reversal

Ethereum’s recent price movements have caught the attention of the crypto market, not just for their strength but for what they reveal beneath the surface. Over the past several weeks, major Ethereum holders known as whales have significantly increased their positions, indicating strong conviction in the asset’s future. 

These whales, each holding between 10,000 and 100,000 ETH, have been aggressively accumulating since mid-April, just as Ethereum’s price began a steep climb. This pattern, alongside key technical signals, is raising expectations of a longer-term bullish phase.

Whale Accumulation Aligns with Price Breakouts

According to analyst Crypto Rover, large Ethereum wallets added over 1.4 million ETH between mid-April and mid-May. Their holdings grew from 15.8 million to more than 17.2 million ETH. 

This accumulation period closely matches Ethereum’s price rally from around $1,600 to over $3,100. Notably…

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