Ethereum (ETH) Poised to Hit $2,680, Will the Momentum Continue?

Jakarta, Pintu News – After experiencing a sharp decline in early 2025, Ethereum (ETH) is now showing significant signs of recovery. With recent network upgrades and massive buying activity by whales, ETH seems poised to surge higher.

Ethereum’s Impressive Recovery

At the beginning of 2025, Ethereum (ETH) experienced a drastic decline of 45.41% in the first quarter. However, entering the second quarter, the digital currency managed to bounce back with an increase of 39.4%. This increase is in line with the launch of the Pectra upgrade which aims to improve scalability, security, and user experience.

The market’s optimism towards the upgrade has managed to restore investor confidence and push up the price of Ethereum (ETH). The upgrade not only helped Ethereum (ETH) in recovering its market value, but also attracted the interest of new investors. With the significant technical upgrade, many analysts believe that Ethereum (ETH) has greater potential for growth in the future.

Also Read: Whale’s Big Sale of SAND, Will Prices Plummet as Early as June 2025?

Astonishing Whale Activity

On May 26, an Ethereum (ETH) whale made big waves in the market with a $75.39 million purchase of Ethereum (ETH). The same wallet had previously purchased large amounts of Ethereum (ETH) which then caused the price of the currency to double in two weeks.

With previous gains of $23.73 million and recent gains from recent positions of $1.52 million, the move is making headlines among traders and analysts. This massive buying adds to the bullish sentiment in the Ethereum (ETH) market. Investors and analysts are now watching price movements more closely, anticipating the long-term impact of this whale activity on Ethereum (ETH) price trends.

Price Movement and Market Sentiment

Currently, Ethereum (ETH) has managed to break the $2,550 resistance level, with the current price standing at $2,553.26. The hourly chart shows a bullish candle that pushed Ethereum (ETH) price higher after a brief correction, signaling strong buying interest. The RSI indicator stands at 54.40, which is neutral but increasing, while the MACD is still below zero, indicating that the bullish momentum is still in its early stages.

If trading volumes continue to persist and Ethereum (ETH) can maintain its position above that level, the next possible price target is $2,680. This suggests a potential short-term trend reversal, especially with the accumulation by whales which has increased optimism in the market.

Conclusion

With various supporting factors, ranging from technical upgrades to whale buying activity, Ethereum (ETH) is showing strong signals to continue moving up. Investors and market watchers will continue to monitor closely to see if Ethereum (ETH) can maintain this momentum and reach higher price targets in the future.

Also Read: BNB Nearing $700 Again – Time to Buy or Wait?

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Examining if Ethereum can keep climbing to $2680 and beyond. Accessed on May 28, 2025
• Featured Image: Decrypt