#CryptoRoundTableRemarks

Ethereum recently touched its highest level in 15 weeks at $2,827, creating an interesting market scenario

. The market whale played skillfully, accumulating 30,000 Ethereum at a price of $1,830 and selling it at higher prices to achieve a profit of $31 million

. Huge short positions worth $1.8 billion may face liquidation if Ethereum breaks the $2,900 barrier, which could lead to a significant price surge

. Despite the price movement, Ethereum faces structural challenges

with network fees dropping by 90% after the Cancun upgrade, storage yields stuck at only 3.12%, and the percentage of "diamond hands" holders declining from 63% to 55%

Recent price action shows volatility as Ethereum tests the $2,835 level before retreating to around $2,760, with open interest in futures reaching an all-time high of $40 billion. We are witnessing extreme leverage in the market that can swing significantly in either direction.

The $2,800 level remains crucial - a sustained break could open the way to $3,200-$3,500

The information mentioned above was researched and summarized by artificial intelligence and does not constitute investment advice.