Ethereum has surged 3.87% in the last 24 hours, reaching $2,624, showing a 12% increase over the past week.
The price rebound of Ethereum is in line with a long-term triangle support, with resistance expected around $4,000.
Wallets holding 100–100,000 ETH have average purchase prices below $2,225, indicating most holders are sitting on profits.
If Ethereum continues to rise, it could target $4,000+ as noted by AZYK Charts, but whale behavior and key support at $1,800 remain important factors to watch.