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 and a record number of non-empty wallets. The number of non-empty wallets holding ETH has reached over 207 million, while more than 40 million ETH remains staked on the network. This combination of whale repositioning and broad wallet growth marks a shift in market participation.
Analysts have outlined a conditional price path: if Ethereum closes above $2,550, the next targets would be $2,900 to $3,000. Long-term forecasts from market observers point toward a potential $10,000 level by 2029. These projections depend on sustained momentum through current resistance levels.
What remains unclear is whether whale accumulation will continue or whether this represents a near-term tactical move. Similarly, the sustainability of wallet growth and the relationship between record non-empty wallet counts and actual buying pressure have not been fully detailed.