Ethereum Price Analysis: Whale Accumulation Fuels Potential Breakout Rally to $4000

Ethereum Price Analysis: The cryptocurrency market has been witnessing a modest upswing since the completion of Bitcoin Halving last Friday. The renewed recovery pushed the Bitcoin price to $37000 and bolstered the altcoin market to enter a relief rally. Thus, the second largest cryptocurrency by market cap Ethereum rebounded from the 38.2% Fibonacci retracement level— a healthy pullback setting the asset for a higher rally.