$ETH Ethereum, the second-largest cryptocurrency by market cap, is trading above $2,900 after a recent rebound, showing about 2–3% gains over the past 24 hours amid broader market stabilization. Large holders (“whales”) are actively accumulating ETH, reducing exchange supply, though some are still rotating positions between assets. On-chain data reflects a tug-of-war between long-term accumulation and short-term distribution. Meanwhile, broader crypto sentiment sees new volatility trading contracts launched for Ether, potentially increasing trading activity. Some market reports suggest macro liquidity signals could push ETH toward $3,000, despite recent price pressure. Large whale movements, including near decade-old wallets transferring substantial ETH, are also drawing attention.