Key Insights
Ethereum (ETH) price climbed above $2,600 as on-chain signals point to strong support between $2,513 and $2,536.
Exchange reserves remain close to all-time lows, showing limited selling pressure.
Spot ETF inflows are steadily building, pressuring a breakout past $2,650.
Ethereum (ETH) has quietly broken back above the $2,600 mark, a level it’s struggled to hold for weeks. This time, the backdrop looks stronger. On-chain metrics, exchange data, and ETF flows all suggest that the ETH price is standing on firmer ground. The question now is whether this move can stretch into a broader rally.
Whales Defend Ethereum Price’s $2.5K Zone With Full Force
Glassnode’s latest Cost Basis Distribution Heatmap shows that over 3.45 million ETH has a cost basis in the $2,513–$2,536 zone. That means this is where most long-term buyers accumulated, and many of them are currently sitting in small profits. This zone is now acting as a psychological and technical floor; bu
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