Ethereum is Heating Up as Big Players Load Up
Ethereum just broke above the $2,600 mark, and crypto Twitter is buzzing. The world’s second-largest crypto by market cap is making moves — and not just price-wise. Whale wallets are stacking ETH again, on-chain activity is spiking, and ETH staking deposits are on the rise. Basically, Ethereum is acting like it’s gearing up for a big run.
According to on-chain trackers like Lookonchain and Santiment, multiple wallets holding 10,000 ETH or more added significant amounts this past week. That’s a pretty solid bullish signal. At the same time, layer-2 networks like Arbitrum and Base are hitting new highs in transaction volume, pushing gas fees slightly up — a classic sign of network engagement.
Analysts are calling this a breakout moment, especially since ETH has been lagging behind Bitcoin for most of 2025. But that lag might be turning into a setup. Glassnode data shows a sharp uptick in ETH moved off exchanges — which usually means people are holding long-term, not planning to sell.
There’s also chatter about an upcoming major protocol upgrade in Q3, expected to streamline how Ethereum handles rollups. And that’s got devs and investors alike feeling optimistic.
While ETH isn’t immune to macro headwinds, the current sentiment is leaning green. If momentum holds and whales keep accumulating, Ethereum could retest $3,500 sooner than most expected.
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