The post Ethereum Whale Accumulation Bolsters Bullish Setup and Potential Upside appeared on BitcoinEthereumNews.com.

Ethereum whale accumulation strengthened bullish sentiment on December 29, with a major wallet withdrawing 2,218 ETH worth $6.52 million from Kraken. Trading volume surged 130% to $17.16 billion, and technical patterns signal potential upside to $3,360. Ethereum whale accumulation: Wallet 0xcd9 added $6.52 million ETH, holding $8.07 million total. Rising volumes reached $17.16 billion, up 130%, amid broader market gains above $3 trillion. Technical cup-and-handle pattern targets $3,360; ADX at 29.09 confirms trend strength with 2.75% price rise. Ethereum whale accumulation drives bullish surge on Dec 29: $6.52M ETH withdrawn, volumes up 130%. Analyze charts and data for investment insights. Stay ahead in crypto markets today! What is driving Ethereum whale accumulation and price recovery? Ethereum whale accumulation fueled a notable price recovery on December 29, as a whale wallet withdrew 2,218 ETH valued at $6.52 million from the Kraken exchange, according to Onchain Lens. This move, combined with 130% higher trading volumes to $17.16 billion per CoinMarketCap, outperformed Bitcoin, XRP, BNB, and Solana, pushing ETH up 2.75% amid a 2.32% market cap rise above $3 trillion. What does the Ethereum price technical analysis reveal? Ethereum’s daily chart displays a cup-and-handle pattern, a bullish continuation signal during recoveries. A close above $3,050 could target $3,360, offering about 10% upside. Source: TradingView The Average Directional Index (ADX) registered 29.09, surpassing 25, which confirms sustained trend strength in the rebound. Such metrics underscore improving short-term market structure. Traders now monitor the neckline for sustained momentum. This setup aligns with reduced sell-side pressure from exchange outflows, as the wallet previously received 519 ETH from Wintermute 19 days earlier, now holding 2,738 ETH worth $8.07 million. Overall, these indicators point to robust buyer interest. Frequently Asked Questions What recent Ethereum whale accumulation activity occurred in December 2025? On December 29, wallet 0xcd9 withdrew 2,218…

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Filed under: News - @ December 29, 2025 10:24 pm