Can Ethereum Explode Again? Whale Buying + Upgrade Prospects May Trigger a Big Market!

Ethereum's price is fluctuating around $1,800, with mixed market sentiment. However, whales have recently made significant purchases in this price range, indicating large capital positioning. Additionally, technical indicators and the upcoming Pectra upgrade provide potential upward momentum for ETH.

Currently, the price range of $1,800 to $1,850 offers a stable trading environment for the market. Despite some bearish sentiment, whale buying and active liquidation areas suggest that the price may soon undergo changes. ETH's MVRV Z-score is also close to historical lows, and historical experience indicates that this typically foreshadows a strong rebound ahead.

The liquidity clusters in the market and the movements of whales lay the foundation for ETH's future rise. If it breaks through the key resistance level of $1,880, ETH may challenge the high of $2,130, providing new upward opportunities for investors.