Ethereum (ETH) has staged a key comeback, reclaiming the critical $2,000 mark after a brief bearish phase. This psychological price level had proven tough to maintain in recent weeks, but a surge in buying pressure and trading volume has fueled the asset’s recovery. On-chain data suggests heightened investor interest, particularly from large holders, is behind the bullish momentum.

Notably, ETH has printed a sequence of green candles on the chart with increasing volume—an indication of strong buyer support. Whale activity has significantly contributed to this rally. Just hours ago, three major wallets withdrew 14,217 ETH (worth approximately $29 million) from Binance and deposited it into the decentralized platform Aave. They subsequently borrowed $12 million in USDT, likely to leverage and acquire more ETH. This behavior signals ongoing optimism from high-net-worth and institutional investors about Ethereum’s long-term potential.

Despite the rebound, ETH faces resistance between $2,150 and $2,200—an area where sellers previously gained control. A decisive breakout above this range could pave the way for a push toward $2,400–$2,500, aligning with long-term moving averages. However, failure to hold above $2,000 may trigger renewed selling pressure, especially given recent liquidation events across the broader crypto market.

For now, Ethereum’s regained strength and increased whale accumulation suggest bulls are regaining control. Continued buying pressure could position ETH for further upside in the near term. As crypto market sentiment shifts, Ethereum remains one of the top coins to watch.