Ethereum Prices Surge 40% Back to $2,500: Strong Wallet Support Fuels Bullish Trend

Ethereum’s price has surged by 40% in just one week, reaching the $2,500 mark. This rapid rise is driven by robust support from a significant number of wallets holding substantial amounts of ETH. With over 12 million active addresses currently holding over 63 million Ethereum tokens, the market sentiment is overwhelmingly bullish. Experts highlight this strong support zone between $2,238 and $2,614 as contributing to this positive momentum. The surge in price has coincided with a potential for short liquidation risks that could reach $786 million if further price increases occur.