Ethereum has seen significant whale activity, with large investors purchasing over 140,000 ETH, valued at approximately $322 million, within a 96-hour period. This accumulation has increased the total Ethereum balance held by whales from 13.83 million ETH to nearly 13.98 million ETH as of May 3. The buying spree coincides with Ethereum's price rising to $2,333, marking a 1% increase over the past 24 hours. The aggressive accumulation by whales is viewed as a bullish indicator, suggesting potential upward momentum for Ethereum. Predictions indicate a 60% chance of Ethereum rebounding to the $2,700–$3,000 range, driven by the current technical structure and market momentum. The critical resistance level is identified at $2,550, with a potential price target of $2,650 by the end of May 2026, contingent on market conditions.