Ethereum’s $2.5K Zone Sees Massive Buy-In: 3.45M ETH Held

Key Points:

• Over 3.45M ETH held between $2,513–$2,536, marking Ethereum’s strongest support zone recently.
• Whale wallets added 200,000 ETH in two days, signaling growing confidence at current price levels.
• RSI and CMF show mild bullish trend as Ethereum trades around $2,560 with steady momentum.

Ethereum has seen strong buying activity near the $2.5K range. According to Glassnode, the cost basis distribution heatmap shows that over 3.45 million ETH has a cost basis between $2,513 and $2,536. This positions the zone as one of the strongest accumulation levels in recent months.

As the Ethereum price trades near $2,569.78, this range has emerged as a key support zone. With ETH up 5.19% over the past 7 days and a 1.35% gain in the last 24 hours, buyers are showing continued interest in this level. Despite this upward movement, analysts note that volume and other on-chain indicators are not yet supporting a larger breakout.

Whales Accumulate 200,000 Ethereum Over the Weekend

Crypto analyst Ali reported that wallets holding 10,000–100,000 ETH added a combined 200,000 ETH from July 5 to July 6. This move brought the total ETH held by this group to approximately 26.88 million ETH, confirming increased whale activity. The largest gains in holdings happened during a period of price stability.

Notably, the current price of ETH sits just above $2,560, a range where large holders have shown continued confidence. This level appears to be the preferred entry point for whales, who are positioning around the historically strong support.

Technical Indicators Show Moderate Momentum

On the daily chart, Ethereum is trading around $2,564.6, with a 0.87% gain at the time of reporting. The Relative Strength Index (RSI) is at 54.67, above the moving average of 51.17, suggesting mild bullish momentum. However, the RSI remains below 70, meaning ETH is not currently in overbought territory.

Meanwhile, the Chaikin Money Flow (CMF) is at 0.08, showing positive but cautious capital inflow. Together, these signals point to improving sentiment, but with limited strength behind the current move. The combination of technical levels and whale buying behavior suggests that investors see value at current prices, even if the next major push has not yet materialized.

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