Ethereum Surges Past $2,350 as Whales Accumulate Over $322 Million

Ethereum's price surge has continued, with the cryptocurrency trading above $2,350. This uptrend follows a recent wave of buying, which pushed prices from $2,220 to a high of $2,387.

Analysts note that whales have accumulated over 140,000 ETH in the last 96 hours, worth approximately $322 million. This level of buying is seen as a supportive signal for the current price range.

The immediate resistance level to watch is $2,385, followed by the key $2,400 zone. A clean break above $2,400 could open the door to $2,420 and potentially even higher prices.