ETH Price Surges on Whale Buys Totaling $50M

Large investors have been making significant purchases of Ether (ETH), signaling confidence in its long-term potential. A whale spent $50.04 million to buy 25,425 ETH at around $1,968 each.

This is the largest purchase made by a single investor this year and highlights growing institutional interest in Ethereum. Another major buyer, Bitmine Immersion Technologies, added 10,000 ETH to its holdings, making it the largest corporate Ethereum holder globally.

The increased buying activity has pushed ETH price toward $2,200 resistance, with technical analysis suggesting strong price recovery. Current support is at $1,800 and analysts expect further gains if this level holds.