Analyst alicharts: Ethereum surge following CPI data driven by whale activity

Following the release of CPI data, Ethereum experienced a brief rally of nearly 10%, climbing from $2,433 to $2,667. Analyst alicharts noted that this movement was driven by whales, with transactions exceeding $1 million increasing by nearly 14%. However, the analyst warned that Ethereum is approaching a major supply barrier between $2,700 and $2,800, where over 10 million ETH were previously traded. Breaking through this range is considered essential for the price to reach $3,000.