ETH Faces 10% Correction as Active Addresses Surge and Whale Accumulation Intensifies After $2,800 Rejection

Ethereum is currently trading at $2,539.57 on Binance, reflecting a 2.29% decline over the past 24 hours, with significant trading volume and active on-chain metrics such as 1.2 million active addresses and reduced gas fees. The recent price pullback is attributed to Ethereum's inability to break the $2,800 resistance level, leading to a nearly 10% correction despite strong institutional inflows and whale accumulation; notable developments include Binance's launch of the Puffer Finance token, large ETH withdrawals from major exchanges, and continued consolidation between $2,500 and $2,700, all contributing to heightened market activity and investor repositioning.