Ethereum's price remains steady at approximately $2,930, despite significant whale activity involving the accumulation of 100,000 ETH, valued at $290 million. On-chain data from Santiment and Lookonchain indicates that large holders, including Fasanara Capital and Bitmine, are employing leveraged strategies and withdrawing assets from exchanges, suggesting a long-term holding approach. A 7% increase to $3,122 is required to confirm a rebound, with $2,615 identified as a critical support level. While institutional buying has not yet impacted the market significantly, it points to potential upward movement preparations.