$ETH Ethereum Eyes $2,200 as Whales Accumulate Over $7M in #ETH
#Ethereum is showing renewed bullish momentum as major crypto whales step in with significant purchases totaling 5,362 ETH worth over $7.2 million, according to on-chain data from Lookonchain.
One whale borrowed $3.44 million in USDC from Aave to purchase 1,856 ETH, signaling high conviction in a price surge. Another spent $2.34 million USDC to acquire 1,259 ETH, while a newly activated wallet withdrew 2,250 ETH (around $4.12 million) directly from Binance.
This aggressive accumulation has sparked speculation of an incoming rally, with ETH now targeting the $2,200 resistance level. If momentum continues and whale activity increases, Ethereum could be poised for a major breakout.
