Ethereum's price rose by 1.34% to $2,443.79 after reclaiming a key support level, with analyst Javon Mark noting a 55% gain from this support.
The next major resistance to watch is $4,811.71, which if broken could lead to a surge toward $8,500.
Large holders withdrew over 54,700 ETH worth $121 million from Binance, signaling strong buying interest and potential holding rather than selling.
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