Ethereum Jumps 5% to $2,480 on Aggressive Whale Buying and Bitcoin Rebound
- —ETH trades near $2,480, up 4.6% in 24 hours on $14.48 billion volume
- —Whales sold 1,601 BTC for $132 million and bought 53,095 ETH near $2,497
- —One whale bought 6,010 ETH worth $14.23 million on the October 15 dip
- —A double-bottom pattern is forming on the 4-hour chart with resistance at $2,578–2,590
Why it matters: A close above the $2,590 neckline would confirm the double bottom and open $2,700–2,760; until then ETH remains below its 20- and 50-day averages.
Source: CryptoNewsZ