$ETH Ethereum (ETH) is currently trading at $1,772.28, reflecting a 1.83% increase over the past 24 hours. This upward momentum is supported by a surge in whale activity; notably, a significant investor recently acquired 1,291 ETH worth $2.3 million after a period of inactivity. Additionally, accumulation addresses have purchased 1.11 million ETH in the past week, indicating strong investor confidence.
Technical indicators suggest a bullish outlook, with ETH approaching the $1,800 resistance level. Analysts predict that if this trend continues, ETH could reach $2,000 in the near term.
Investors should monitor these developments closely, as Ethereum's performance may signal broader market trends.
