Ethereum Roars Past Resistance Zone as Whale Transactions Surge

Ethereum's price surged by 10% in just two hours, rising from $2,433 to $2,667. This significant increase is attributed to a nearly 14% rise in whale transactions above $1 million.

The surge coincided with fresh inflation data and reflected strong demand from large holders rather than retail investors.

Ethereum now faces a key resistance zone between $2,700 and $2,800, where over 10 million ETH previously traded. If whales sustain buying past this zone, Ethereum could move toward $3,000, but a pullback is possible if demand fades.