Ethereum Whale Buying Accelerates Rally Amid Inflation Data

Ethereum's price surged 10% in two hours, jumping from $2,433 to $2,667, as large holders stepped up buying activity.

Whale transactions above $1 million rose nearly 14%, indicating strong large-wallet demand.

The increase in large-wallet activity coincided with fresh August inflation data showing a 3.4% annual rate.

Analysts say whale participation played a central role in accelerating the rally, which now approaches a key resistance zone near $2,700 to $2,800.