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Ethereum Defies Gravity: $2,477 Support Holds as Whale Activity Sparks 30% Rally

Ethereum Defies Gravity: $2,477 Support Holds as Whale Activity Sparks 30% Rally

Author:
Coindesk
Published:
2025-05-25 16:25:12
5
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Ethereum Surges After Holding $2,477, Fueled by Very Heavy Trading Volume

Ethereum isn’t just surviving—it’s thriving. After bouncing off the $2,477 support level like a trampoline, ETH surged on the back of record-breaking trading volume. Someone’s moving serious stacks.

Whales wake the market

The price action suggests institutional players finally stopped yawning and started buying. That ’very heavy trading volume’? That’s hedge funds playing catch-up after dismissing DeFi as a ’fad’ in 2023.

What comes next?

With the $2,477 floor now confirmed, traders are eyeing $3,000 as the next psychological barrier. Of course, the same suits fueling this rally will be first to paper-hand at the first sign of volatility—because Wall Street never misses a chance to be fashionably late and predictably skittish.

|Square

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