Ethereum Price Surges to $1,912 Amid Whale Transfer

Ethereum's price rose nearly 2% on August 17, reaching an intraday high of $1,912 after buyers defended support around $1,872 and pushed ETH above $1,900.

A large whale transferred 32,400 ETH worth $61.46 million into Ethereum's staking contract, reducing available supply and supporting sentiment.

Short-term momentum improved, but ETH remains below its 200-day moving average at about $2,009, indicating a cautious longer-term outlook.