Ethereum Whale Activity Spikes as Price Targets $2,800

Ethereum is showing fresh strength this week after a positive market reaction to the latest inflation report. The price climbed toward $2,667, bringing the target zone of $2,700 to $2,800 back onto the radar for many traders.

Data shows that transactions worth over $1 million have jumped by nearly 14 percent. This increase in whale activity suggests that large investors are positioning themselves for potential gains as market volatility returns to the ecosystem.

Institutional interest is also providing support for the current price action. Market participants are now watching to see if this momentum is enough to push ETH past its immediate resistance levels, as the combination of whale volume and broader market trends remains a key factor to monitor.