Whales Stacking Up Ethereum, Price Heads For $3K, $4K Soon?

Ethereum's price is currently $2,737.61, a 2.15% decrease over the past 24 hours. A large holder (whale) recently moved 4,700 ETH, worth $12.98 million, off of cryptocurrency exchanges after 500 days of inactivity. Ethereum has seen a 2% price increase in the last 24 hours and has been on an upward trend since mid-February, when it hit a low of $2,739. Some market participants believe Ethereum could reach $3,000 or even $4,000, although this remains uncertain. The whale's movement of ETH off exchanges could signal accumulation or reduced available supply, potentially leading to price increases if demand rises. Short-term analysis suggests continued upward momentum, with support at $2,730 and resistance at $2,850. Breaking through $2,850 could push the price toward $3,000. However, a declining Volume Oscillator might indicate decreasing interest.