- Whale buys over $20M in ETH, signaling strong confidence in bullish continuation
- ETH forms ascending triangle as price nears breakout from multi-year resistance
- Analysts expect historic bull run if Ethereum decisively clears the $4,000 barrier
Ethereum (ETH) is standing at the edge of a potential market-shaking breakout, driven by bullish technical patterns, rising momentum, and growing institutional interest. As the price hovers just below the $4,000 mark, both analysts and blockchain data reveal a market preparing for a significant shift.
With whales making bold moves and ETH pressing against multi-year resistance, the stage appears set for what could become one of the most crucial moments in crypto history.
Whale Moves Signal Market Confidence
According to blockchain tracking firm Onchain Lens, a major whale recently deployed $20 million in USDT to purchase 5,097.17 ETH at a price of $3,924. This sizable accumulation suggests increasing confidence among deep-pocketed investors. Such activity typically precedes significant price movements, especially when it aligns with strong technical patterns.
A whale has spent $20M $USDT to buy 5,097.17 $ETH at a price of $3,924.
— Onchain Lens (@OnchainLens) July 28, 2025
Address: 0x6e1784b360f1becb692fcf8393a699811af90733
Data @nansen_ai pic.twitter.com/lu1vUNz0AS
Moreover, Ethereum’s recent 3.06% daily gain and 2.93% weekly increase are reinforcing bullish sentiment. ETH as of press time trades around $3,887.80, bringing its market cap to nearly $469 billion. The whale accumulation signals potential belief in Ethereum’s strength to sustain momentum above resistance levels and break into new territory.
Technical Patterns Point to Bullish Breakout
Henry, a prominent crypto analyst, highlights Ethereum’s ongoing formation of an ascending triangle pattern. This structure is marked by higher lows and a firm resistance between $3,750 and $3,800. According to his analysis, ETH is only a few wicks away from breaching this key level.
The current price action mirrors the “Adam and Eve” double bottom pattern, a historically bullish formation. Should Ethereum print a strong daily candle above the resistance zone, the move could invalidate earlier bearish setups. Such a breakout might open doors to price targets well above $4,000.
Ethereum is going to $4000.
— Henry (@LordOfAlts) July 27, 2025
One strong daily candle could send it break all previous highs.
All eyes on $ETH and the market knows it.
Just a few wicks away from the major breakout.
God candle going to bless all of us🙏 pic.twitter.com/H8YKbIr2Kj
Ethereum at Crossroads of Multi-Year Resistance
Whale.Guru, another market analyst, emphasizes Ethereum’s approach to a critical four-year descending trendline. This resistance, dating back to the 2021 peak, has kept ETH from reaching higher highs. Now, the monthly chart shows ETH pressing tightly against this symmetrical triangle boundary near $3,900.
A decisive break above $4,000, especially backed by strong volume, could ignite what Whale.Guru calls the biggest bull run in Ethereum’s history. Catalysts such as ETH ETF developments and institutional adoption are strengthening this case.
