#ETH latest trendThis week,

Ethereum (ETH) has shown signs of tightening pressure and renewed interest:

Price action & resistance test: ETH has been consolidating in a narrow band between ~$2,400–$2,700 since early June . It tested the 200‑day EMA resistance zone (~$2,773–2,800) but has not decisively broken above. A confirmed breakout past $2,800 could spark a rally to $3,000–3,250 this month .

On‑chain activity: Despite a ~3.7% 24‑hour dip to around $2,555, large “whale” wallets (holding 1k–10k ETH) have been accumulating intensely—adding over 800k ETH daily, peaking at 871k on June 12, pushing total holdings to ~14.3 M ETH .

Technical setup: Analysts note a triple‑bottom formation and bullish indicators (volume patterns, IOMAP support at $2,350–2,426), pointing to a potential short‑term upside .

Macro headwinds: Geopolitical tensions (e.g., Israel‑Iran conflict) have caused volatility, dragging ETH down ~2.6% in a single day .

In summary, Ethereum is hovering near crucial support, with institutional and whale interest rising. A breakout above ~$2,800 this week could trigger a reversal toward $3,000+, while failure to hold support might lead to further consolidation.$ETH