Ethereum Bulls Eye $2,200 as Whale Accumulation Surges

Ethereum (ETH) is currently trading at $1,887.04 and has been defending a crucial support area as buyers seek to restore bullish momentum. According to crypto analyst Nehal, ETH is holding within a buying zone of $1,720-$1,780, where buyers are attempting to defend support and stabilize recent price action.

If Ethereum can hold this range, it may create the foundation for its next recovery, but breaking out of the key resistance point at $1,875 with increased volume could pave the way towards $2,200 and beyond. Whale accumulation has also surged, with ETH whale 0x2d59 buying an additional 50,000 ETH worth approximately $93.6 million, in addition to staking them.

This recent buy marks a total of $170 million worth of accumulation by the whale in the recent past, indicating growing long-term confidence in Ethereum's future performance. Meanwhile, Solana (SOL) is maintaining a bullish structure as buyers defend key support and build higher lows, with analysts watching the $73.5-$74 region closely.