Ethereum Price Rises 7% to $2,409 Amid Increased Whale Activity

Ethereum (https://holder.io/coins/eth/) has rebounded from a low of $2,131 to $2,409, marking a 7% daily increase. The 24-hour trading volume surged by 18% to $28 billion.

Key points:

A whale, possibly linked to ConsenSys, bought 3,704 ETH for $8.91 million via Galaxy Digital's OTC desk.
This entity has accumulated 161,112 ETH worth over $422 million in three weeks through the same OTC service.
The current market cap of Ethereum is $290.86 billion.
The RSI indicates neutral-to-bullish sentiment, recovering from near-oversold levels.
Bollinger Bands suggest approaching recovery; a close above $2,800 could lead to a move toward $3,000.
The MACD shows potential for a bullish crossover but requires holding above the $2,350 support to avoid a drop to $2,100.
Analysts anticipate a long-term breakout from a five-year consolidation pattern, with predictions of exceeding $3,000.

Ethereum remains 50% below its all-time high of $4,891 reached in November 2021.