Ethereum Whales Push ETH Towards Pivotal Resistance Zone

Ethereum has defied its historically weak September performance by gaining more than 9% since the start of the month.

A recent surge in whale activity, with transactions worth over $1 million increasing nearly 500% in a week, and large holders accumulating over 320,000 ETH, has added to bullish sentiment.

The immediate test for Ethereum lies between $2,722 and $2,822, where more than 13.3 million ETH previously changed hands.

If a decisive break above this resistance zone occurs, attention could shift towards resistance levels near $2,970 and then $3,366.