<ul><li>Ethereum price surged by almost 5% in the last 24 hours, bouncing back from a support level of $1,756 and breaking above $2,000 mark.</li><li>Recent on-chain analysis suggests that whales are returning to Ethereum, with three whales withdrawing 14,217 ETH worth $29 million from Binance and depositing it into Aave, indicating positive whale activity.</li><li>Social engagement around Ethereum has increased, with the number of followers on X increasing from 3.6 million to 3.8 million, and overall social media engagements rising by 4.4 million.</li><li>While Ethereum's recent whale activity, rising social engagement, and strong price momentum indicate the potential for a rebound, conquering the resistance at $2,400 is crucial to sustaining bullish sentiment.</li></ul>

Ethereum Price Poised For Reversal As Whales Increase Their Holdings

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