The post Ethereum Poised for Potential Breakout Amid Whale Accumulation and Positive Sentiment Shift appeared on BitcoinEthereumNews.com.

Ethereum’s recent rally of over 25% showcases a shift in market dynamics, driven by increased whale accumulation and bullish sentiment. These trends suggest that institutional confidence is rising as ETH flips key resistance levels amidst shifting funding rates. “Smart money confidence is reflected in significant whale activity and rising open interest,” said a representative from COINOTAG. Ethereum surges 25% as whale activity intensifies, signaling bullish sentiment and potential for further price gains in the crypto market. Are ETH whales silently setting the stage for a breakout? The behavior of whales in the Ethereum market has become increasingly aggressive recently. Large Holder Netflows increased by 373.68% over the past week and 968.57% in the last 90 days, indicating a robust accumulation of assets. Institutions continue to make substantial purchases; for instance, Abraxas Capital withdrew 49,644 ETH ($92M) from major exchanges such as Binance and Kraken. Moreover, a wallet connected to Trump’s World Liberty acquired 1,587 ETH worth $3.5M. These transactions confirm that savvy investors are confident in Ethereum’s future. If retail selling decreases, this effective accumulation could further support Ethereum’s price growth and mitigate downside risks in the near term. Source: IntoTheBlock In addition, Ethereum’s Open Interest has seen an uptick of 13.16%, reaching $14.85 billion, indicating traders are reopening positions and gearing up for a significant market movement. Such an increase in open interest can lead to heightened volatility; if funding rates remain steady and leverage is well-balanced, significant upward price actions may be on the horizon. Conversely, excessive leverage without sufficient spot support could trigger a rapid price reversal. Can a flip in Funding Rates revive bullish conviction? Funding rates have transitioned to a positive territory following weeks of stagnant levels. Currently, the Binance ETH Funding Rate stands at 0.01%, indicating that bullish traders are gradually regaining strength after…

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Filed under: News - @ May 9, 2025 8:23 pm