According to Michaël van de Poppe (@CryptoMichNL), recent on-chain data and price action indicate significant accumulation of Ethereum (ETH) ahead of a potential major breakout. Van de Poppe highlights that large wallets are steadily increasing their ETH holdings, pointing to a bullish technical setup with strong support levels forming around $3,000 (Source: Michaël van de Poppe, Twitter, May 6, 2025). Traders should monitor ETH price consolidation phases closely, as accumulation patterns typically precede high-volatility moves and can offer strategic entry points for swing trading.