Ethereum Price Faces Key Resistance as Whale Activity Picks Up

Ethereum's price has recovered from its summer lows, but it still faces significant resistance at $2,560. The asset is currently trading around $2,498, up roughly 5% in recent days.

Bitcoin ETFs have pulled in nearly $1 billion this month, while Ethereum's ETF flows are weaker and less consistent, with the highest single-day inflow in September coming in at just $59.3K.

Crypto analyst Ali Charts noted that over 116,000 ETH were withdrawn from exchanges in 48 hours, worth close to $300 million, setting up a potential major move for Ethereum.