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Ethereum Eyes $3K Rally as 33% Wallet Surge Confirms Cup Breakout

Ethereum's bullish setup strengthens with accumulation wallets up 33% to 26.16 million ETH since January 1, adding 6.5 million ETH amid surging daily active addresses (89% to 730,278) and record 39.2 million ETH staked. Exchange balances hit multi-year lows, tightening supply as the cup-and-handle pattern confirms a breakout above the $2,400 neckline. Measured targets reach $2,960–$3,150 (22–30% upside), backed by RSI near 68, though $2,350–$2,400 support is crucial for continuation.

Category

Ethereum

Sentiment

Bullish

Event

Technical analysis

Reading time

1 min