🚀 Ethereum at a Turning Point
A whale investor just made a massive $435 million ETH buy, pushing the price back up to the $2,500 range. That signals renewed interest from big players and suggests improved risk-adjusted returns compared to Bitcoin.
🔄 Stablecoin-Driven Resurgence
Despite lagging behind Bitcoin and Solana throughout the year, ETH has outperformed both over the past week—up ~2.4% vs. Bitcoin’s ~1%—thanks to its dominant role in the stablecoin market (about 50% of issuance occur on Ethereum). Institutional backing via tokenized money-market funds (e.g., BlackRock, Fidelity) and the recent "Pectra" upgrade are adding fuel.
📈 Technical Watch: $2,600 Resistance
Analysts highlight $2,600 as a key resistance level. A successful break and close above this could target $2,750 or even $4,000, reminiscent of past rallies after holding $2,500 support. But failure might revert price back to $2,450–$2,500.
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