$ETH

Ethereum Breaks Out: 2.7K Zone Holds 2.1M ETH—Rally Ahead?

Key Points:

Ethereum holds 2.1M ETH near $2.7K–$2.76K, forming strong support after month-long consolidation.

Whale sells 30,000 ETH for $82.76M, locking $31M profit in just 44 days.

Ethereum network hits record 17.4M active addresses; futures open interest tops $41 billion.

Ethereum (ETH) has broken out of a month-long consolidation range between $2,300 and $2,800. According to on-chain data from Glassnode, around 2.1 million ETH were accumulated in the $2,700 to $2,760 range during the recent sideways price action. Specifically, 1.3 million ETH is held around $2,700–$2,740, and another 800,000 ETH around $2,760.

These cost basis clusters now act as potential support zones if price holds above them. With Ethereum trading at $2,766.36 at press time, this breakout has also been backed by a 2.74% 24-hour price gain and a 4.73% increase over the past week.