Ethereum's price has surged above $2,300 after a period of bearish performance, attributed to retail investors unloading their holdings.
Retail investors have been observed selling off their Ethereum holdings, creating room for big investors to buy, leading to a sustained rally for the altcoin.
The recent surge in Ethereum's price above $2,075 has rewarded investors following poor performances in previous months, with indicators signaling further upside momentum towards the $2,500 level.
Crypto expert Ted Pillows predicts a major upward move for Ethereum, highlighting the $2,200 level as a key zone in ETH's rally, with potential targets set at $2,815 and $4,092.