Ethereum Whales Accumulate $660M as Price Eyes $3,000 Breakout

The price of Ethereum (ETH) has shown a 1.4% gain and is aiming to break past the $3,000 resistance level. A successful breakout could lead to a rally towards its all-time high of approximately $4,954.

ETH recently bounced back from $2,900 amid volatility due to $3.8 billion in ETH options expiring.
Crypto analyst Ted Pillows noted that if ETH does not reclaim the $3,000 zone, it might revisit the $2,800 support level.
A whale investor has purchased around $16.09 million worth of ETH, accumulating $130.7 million over three weeks.
In the past week, whale investors bought about 220,000 ETH, totaling roughly $660 million.

Analyst Javon Marks observed a hidden bullish divergence for ETH, resembling a setup seen in 2023, indicating a potential strong upward move. A breakout could push ETH beyond its previous all-time high, potentially reaching the $8,500 range.

$3.8 billion in Ethereum options expired on Dec. 26, adding to market volatility with a max pain point at $3,000.
Continued outflows from Ethereum ETFs were noted, with significant network upgrades planned for 2026, including the Glamsterdam and Hegota forks.