Ethereum: White House whale predicts 60% Pump

$634 Million on Ethereum: The Bold Bet of “Garret Bullish”

The crypto market is buzzing following revelations about an investor nicknamed “Garret Bullish”, now famous as the “White House whale”. This trader, who allegedly made colossal profits by shorting Bitcoin before Donald Trump’s tariff announcement, now has his sights set on Ethereum.

According to on-chain data, this whale controls a portfolio worth nearly $10 billion, including a massive position of $634 million in Ethereum. His thesis? A “great rotation” of capital. As gold and silver show signs of exhaustion after their recent peaks, this trader anticipates a massive transfer of liquidity toward digital assets, with ETH leading the charge.

Currently, Ethereum is trading around $3,326, consolidating after a recent surge. For this whale, the current level represents an ideal accumulation zone before a rally toward $5,400, a level that would correspond to a key Fibonacci extension and a break of historical resistance levels.

Technical Analysis: Will the Symmetrical Triangle Break?

Beyond whale movements, technical analysis confirms that Ethereum is at a crossroads. ETH’s price is currently trapped in a symmetrical triangle, a compression pattern that often precedes violent moves. The Order Block between $3,800 and its ATH is a major resistance zone that represents the challenge bulls must overcome.

Technical analyst Ali Martinez recently highlighted this critical configuration. To validate the bullish scenario, bulls must break the immediate resistance located around $3,300 – $3,400. A weekly close above this level would pave the way toward $4,000, before targeting the whale’s final objective of $5,400.

Conversely, if the $2,900 support were to break, the bullish scenario would be invalidated, potentially sending ETH to test lower liquidity zones. Momentum indicators, such as the RSI, remain neutral to bullish, suggesting that buying pressure is present but awaiting a catalyst to trigger the breakout.

Should You Follow the Move Before $5,400?

The convergence between massive insider buying and technical signals suggests imminent volatility. If the thesis of rotation from precious metals to crypto is confirmed, Ethereum could outperform Bitcoin in the coming weeks.

The $3,300 zone is the pivot to watch closely today. A confirmed breakout could be the starting signal the entire market is waiting for. So, is Ethereum ready to smash its ATH and prove the “White House whale” right?

Related Articles:

• Germany: 700 banks embrace Bitcoin, signaling a potential Bull Run?
• Coinbase opposes and suspends the Clarity Act: What’s happening?
• Bitcoin’s $96,000 support under threat: US-Iran tensions weigh in