Ethereum Reaches 8-Month High Amid Surge in Whale Activity

Ethereum surged 8% on Friday, briefly hitting $2,667, its highest level since late January. Analyst Ali Martinez noted that transactions exceeding $1 million rose by nearly 14%, indicating significant whale participation in breaking the $2,500 resistance. While the asset has since retraced to just above $2,500, analysts point to a major resistance zone between $2,720 and $2,820, where over 10 million ETH were previously acquired.