Ethereum jumps 10% in two hours as whale buying accelerates rally

  • Ethereum rose 10% in two hours as large-holder buying activity increased.
  • Whale transactions exceeding $1 million climbed nearly 14% during Ethereum's move from $2,433 to $2,667.
  • Glassnode recorded more than 10 million ETH previously traded between $2,700 and $2,800.

Ethereum rose 10% in two hours from $2,433 to $2,667 as transactions worth more than $1 million increased nearly 14%, indicating heightened buying activity among large holders. The move coincided with August inflation data showing a 3.4% annual rate. ETH is approaching a $2,700-$2,800 resistance range where Glassnode data show more than 10 million ETH previously changed hands, creating a potential concentration of sellers. Analysts say a sustained break above that zone could bring $3,000 into focus, while waning large-holder demand could trigger a pullback. Earlier rapid-movement alerts had placed ETH near $2,580.

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