Ethereum Price Jumps 17% as Whale Confidence Grows
Ethereum (ETH) Update:
- ETH surged 17% in the last 24 hours, reaching $2,249.
- Trading volume increased by 108%, totaling $38.4 billion.
- Ethereum is testing the $2,100-$2,300 range, a significant support and resistance zone.
- Crypto whale opened a long position on ETH, currently holding 17,702 ETH valued at $36.3 million.
- The whale's position has an unrealized profit of over $1.4 million.
- Historical price levels suggest potential for another rally if current momentum holds.
- Key support identified at $1,825; a breakout above $2,380 could lead to further gains towards $2,600.
ETH price chart with RSI and Bollinger bands | Source: TradingView
ETH price chart with MACD | Source: TradingView