This is a really interesting phase for Ethereum. When large holders return to profit, it often shifts market psychology more than anything else. Reduced selling pressure + growing confidence can definitely support a bullish move, especially if key levels like $2,353 hold strong.

That said, history also shows these signals aren’t always guaranteed, so watching price reaction around $2,640 will be crucial. If momentum and volume stay strong, we could see a solid breakout otherwise, it might just be another short-term trap.