Since early March, there has been a rise in Ether whale accumulation, suggesting large holders are anticipating a near-term rally in ETH.
ETH is currently priced at 2,018 USD, down over 51% from its all-time high of over 4,100 USD. A reversal hinges on reclaiming the 2,200 USD macro range.
Despite positive regulatory news, including the SEC dropping a lawsuit against Ripple, Ether struggles with momentum due to global economic challenges. Recently, ETH addresses holding over 100,000 USD increased from about 70,000 to over 75,000.
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