Ethereum Price Hits $4.811 Resistance, Large Wallets Boost Holdings

Ethereum's price has been on the rise lately, but it's facing a significant hurdle at $4.811. Despite this, large wallets have been increasing their ETH holdings in recent weeks, according to data.

The $ETH token has seen a 1.34% increase over the past 24 hours, reaching a price of $2,448.57 and stabilizing at around $2,443.79.

This resistance level is significant, as breaking through it could lead to further gains for Ethereum, with technical targets set at $8,500.