Ethereum price may surge to $3,000 as whales buy and ETFs show renewed interest

Ethereum price is consolidating below $2,380, a key resistance level, with expert Ali Martinez predicting a rally to $3,000 if it breaks above this barrier. The bullish outlook is supported by whale investors accumulating over $300 million in ETH recently and increased inflows into U.S. spot ETH ETFs, which saw $355 million in April and $162 million in May. Additionally, Ethereum's futures open interest has risen significantly, indicating growing investor confidence. This momentum comes as the U.S. Senate prepares to pass the Clarity Act, potentially legalizing crypto assets and further boosting market sentiment.