Ethereum's Accumulation Phase: A Breakout Coming?
Quỳnh Lê•7/8/2025
1. Massive Inflows into Ethereum
Over the past few days, Ethereum has seen a strong wave of accumulation from crypto whales and large institutions. Data from CryptoQuant shows that over 330,000 ETH (worth about $883 million) was moved into wallets with no selling history a clear sign of accumulation.
2. Ethereum Network Activity Surges
Daily transactions on the Ethereum network have exceeded 1.5 million, the highest since early 2023. This signals a resurgence of interest in Ethereum, especially as the price tests the key resistance zone near $2,600.
3. Technical Outlook: Is ETH Ready to Break Out?
Technical charts reveal that Ethereum is forming a Wyckoff-style accumulation pattern. If ETH breaks its current resistance, it could rapidly move toward $2,813 and even $3,068, potentially sparking a bullish rally in the coming quarter.