[Incredible Comeback!] Ethereum Soars 25%, Whales Bet $90 Million, Countdown to Bull Market Ignited?

Ethereum has recently gone full throttle, surging over 25% in just a few days, breaking through key resistance and bringing the market's focus back to itself. As the price stabilizes above $2400, on-chain data, the futures market, and whale capital movements are all showing bullish signals, with signs of market recovery becoming increasingly strong.

Whales Are Frenzied Buying, Institutional Attitude Shifts

In the past week, the net inflow of coins held by large holders has surged over 370%, and in the last three months, it has skyrocketed nearly tenfold. Several large fund addresses have spent nearly $100 million buying ETH, indicating that smart money is actively positioning itself.

Meanwhile, the futures market's open interest has risen by 13%, reaching $14.8 billion, indicating that traders are intensively building positions in preparation for a major market movement.

Financing Rates Turn Positive, Bulls Gradually Regain Dominance

After several consecutive days of net capital outflow and bearish sentiment suppression, the ETH financing rate has finally turned positive. This not only signifies a restoration of market confidence but may also indicate that preparations for the next push towards the $2800 barrier have been completed.

Technical Indicators Strengthen Across the Board, Key Support Becomes the Fortress

Currently, ETH is holding above $2200. If it can maintain the critical support level of $1793 and break through the $2800 resistance, this rebound may evolve into a more sustained bull market.

The Random RSI is approaching overbought territory, but the expansion of the Bollinger Bands indicates that volatility is not yet over, and buying enthusiasm may still push the market higher.

Summary

The rebound of Ethereum is not coincidental; it is driven by the combined forces of whale buying, futures market strength, and sentiment reversal.

If retail investors begin to flow back in, and ETH remains above $2200, we may witness a larger market recovery cycle.