Ethereum price rises toward $2,800 as whale adds $14.9 million of ETH

Ethereum (ETH) broke above a long‑standing descending trendline, establishing a new support level and trading around $1,870. Analysts view the breakout as a bullish technical signal that could allow the price to move toward $2,800 if buying pressure holds.

On‑chain data from Lookonchain shows that wallet 0x2684 purchased 7,919.5 ETH, valued at about $14.9 million. Since June 30 the same address has accumulated a total of 74,265 ETH (approximately $131.5 million) and 1,050 WBTC worth $67.5 million, indicating strong institutional confidence in Ethereum’s longer‑term prospects.