Ethereum tops $2,700 as whale shifts $86.76 million from Bitcoin

Ethereum climbed above $2,700, its highest level since January, as whale activity accelerated. Lookonchain reported that a mysterious whale sold 1,107 BTC worth $86.76 million on Hyperliquid before buying 34,422 ETH worth $86.5 million and staking the entire position. The transactions occurred over the past five days, according to data reported on Sept. 21. Trader 0x4cee also bought back into Ethereum at higher prices after selling 10,500 ETH for $23.64 million at an average price of $2,252 a month earlier. The trader bought 7,567 ETH worth $19.93 million, while the earlier sale generated a $3.66 million profit. Santiment Intelligence data showed that whale transactions were increasing as Ethereum broke higher, suggesting that large holders were becoming more active. Ethereum's holder base reached a record 207.17 million non-empty wallets. More than 40 million ETH was staked, and the Ethereum network secured roughly $50 billion in decentralized finance total value locked through stablecoins, lending, decentralized exchanges and liquid staking. Crypto analyst Ali Martinez said Ethereum confirmed a breakout after clearing $2,560 and successfully retesting that level as support. Martinez identified $2,760 as the next major target. Trader CrediBULL Crypto said ETH had cleared previously untapped highs and was approaching a key $2,800 to $3,000 resistance zone. He described that zone as a logical point for a rejection and potentially a deeper pullback toward equal lows, while saying that a decisive break above it could reduce the likelihood of that downside move.