Ethereum surged past $2,600 on whale activity and record wallet growth, with analysts targeting $2,900–$3,000 if momentum holds.
Macro & Markets ·
Ethereum's price moved past $2,600, driven by increased whale activity alongside a record number of non-empty wallets topping 207 million. Over 40 million ETH is currently staked, reflecting ongoing network participation. These metrics suggest widening adoption and institutional engagement.
Analysts indicated that a sustained close above $2,550 could open a path toward $2,900–$3,000, contingent on momentum persisting through resistance levels. The confluence of whale accumulation, wallet growth, and staking volume has been cited as supporting this upward pressure.
Whether this breakout sustains depends on holding above key price floors and whether whale buying continues at current levels. Longer-term price targets, including $10,000 by 2029, remain speculative and rest on assumptions about market conditions several years out.