Ethereum’s price continues to fluctuate, currently hovering around $2,600. The cryptocurrency market as a whole is showing some optimism with traders eyeing recent whale activity, the growth of DeFi, and potential resistance levels. Analysts are waiting for signals before predicting which direction Ethereum will take in the short term. Despite this uncertainty, the increasing activity in decentralized finance (DeFi) projects on the Ethereum network continues to provide support for the coin. This growth is fueled by increased trading activity in platforms like Lido, Aave, EigenLayer, and Ether fi. However, market analysts are closely watching whale activities and their potential impact on short-term price movements.