Ethereum (ETH) recently surged 29%, breaking the $3,000 mark for the first time since August. Despite this, its momentum has slowed, with only a 0.66% increase since November 11. Whales are eyeing this as a chance for long-term accumulation. A new whale wallet has emerged, buying 7,389.5 ETH worth $23.44 million in just 24 hours, hinting at more potential buys if prices dip. ETH faces resistance at $3,500, struggling to surpass its 2021 all-time high. Technical analysis suggests a possible bounce from the $3,000 range if bullish momentum returns.