Ethereum Rises Above $2,600 Amid Increased Whale Activity and Record Wallet Growth

Ethereum has surpassed the $2,600 price level, supported by a resurgence in whale activity and a record-breaking number of non-empty wallets exceeding 207 million. Data from Santiment Intelligence indicates that while whale transactions reflect both buying and selling, recent price movements suggest net accumulation. Additionally, over 40 million ETH are currently staked, and the network maintains its dominance in decentralized finance with approximately $50 billion in total value locked. Transaction fees have also significantly decreased, falling below $0.10. Analysts are now monitoring a key technical resistance zone that could determine the potential for further price recovery.