Ethereum's $2,700 support level is gaining strong on-chain validation, according to Bitjie.com. Whale activity has been cautious, with significant holdings concentrating below $3,100. Between May and July, whale groups accumulated heavily in the $2,600-$2,700 range, resulting in many being trapped near $3,100. On November 23, major funds re-entered the $2,700-$2,800 range, creating a dense accumulation zone. Whale wallets holding over 100,000 ETH were notably active during the February-April 2025 price drop to $1,500, selling aggressively at $3,500 but re-accumulating during the recent pullback.