A crypto whale recently purchased 10,000 ETH worth over $25.32 million on Gemini, signaling confidence in Ethereum.
Despite recent price drops, Ethereum remains actively traded with a market cap of $299.45 billion and circulating supply of 120.72 million ETH.
The current ETH price is $2,480.37, showing positive momentum with key support levels at $2,200 and $1,876, while facing immediate resistance at $2,535.
Portfolio managers suggest holding in the short-term to allow market retesting of resistance levels and accumulating on dips for mid to long-term gains, with a potential target of $2,800 - $3,000.