Ethereum ‘mega whales’ are stacking harder than pre-95% rally in 2002

Ethereum is eyeing a breakout toward $3,400 as it consolidates within a bull pennant, echoing classic continuation patterns from past rallies.

Key takeaways:

Ethereum mega whales have increased their holdings by 9.31%, a stronger buildup than before the 2022 rally.

ETH is consolidating inside a bull pennant, with a breakout potentially targeting $3,400 by August.

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