ETH Price Rally Fuels Whale Transactions Surge

Ethereum's price has been steadily increasing after a sharp post-CPI move pushed it towards $2,667. This surge has put the $2,700-$2,800 region back in focus for traders.

The rally has also seen a nearly 14% rise in transactions above $1 million, indicating increased activity from large investors or 'whales'. This uptick in high-value transactions adds to the bullish sentiment surrounding Ethereum's price momentum.

With institutional flows contributing to the setup, traders are keeping a close eye on the situation. The return of volatility has also been accompanied by this increase in whale transactions, further fueling the rally.