ETH could rally to $2,500 amid whale accumulation, analysts say

Ethereum (ETH) could rally to $2,500 if it meets key technical conditions, Cointelegraph reported. On-chain data indicates that approximately 2.5 million ETH flowed into accumulation addresses during the February decline. Crypto trader Michaël van de Poppe described the current market as an opportunity for long-term accumulation. Analysts have identified a bullish "Adam and Eve" pattern on the charts, suggesting a breakout above $2,150 could trigger a significant rally. Additionally, data from Hyblock suggests that a high volume of short liquidations around the $2,200 level could induce an upward squeeze. However, analysts also noted that potential long liquidations near $1,909 could increase short-term volatility before any sustained upward movement.