Ethereum (ETH) is trading close to $2,547, drawing attention after a whale scooped up 48,825 ETH for $127 million at an average of $2,605. This large buy came during a dip linked to global instability and a batch of expiring options, showing strong belief in ETH’s long-term potential.
This same buyer is known to have earned $30 million from earlier Ethereum trades, hinting at a calculated decision. The wider crypto space had cooled due to Middle East conflict and over 242,000 ETH options expiring on Deribit, increasing market jitters. But this whale move brought back confidence. The put-call ratio now stands at 1.20, with $2,700 as the pain point, making this entry especially timely.
Ethereum Price Action: Neutral Zone, Possible Breakout Ahead
ETH is moving within a range between its 23.6% Fibonacci level ($2,518) and the 50-period EMA ($2,580) on the 2-hour chart. Here’s what traders are watching:
Bullish Setup:
- Entry: Above 38.2% Fib ($2,568) and 50 EMA
- Stop-loss: Below $2,500
- Targets: $2,607 (50% Fib), then $2,647 (61.8% Fib)
Bearish Setup:
- Entry: Drop under $2,518
- Stop-loss: Above $2,540
- Target: $2,440 or even $2,300
Blockchain Bridges: Connecting Ecosystems, Unlocking Utility
Blockchain bridges help move assets and data between separate chains, solving major compatibility issues. They work by locking tokens on one chain and creating matching assets on another. For example, users can switch from Ethereum blockchain to BTC.
Main benefits:
- Easy movement of assets between chains
- Choice of centralized or decentralized bridges
- Use tokens across multiple platforms
That’s where Pepeto fits in. As Ethereum gears up for a potential run, Pepeto is building a bridge-powered exchange that connects Ethereum, BNB, and Solana. This low-fee platform makes trading across networks simple, addressing a key gap in crypto.
Pepeto: Exchange Demo + 278% APY Staking Live Now
Pepeto isn’t just hype it’s delivering. Early backers will soon see a preview of its upcoming exchange, which allows meme coins to list with no fees and supports cross-chain swaps via a custom bridge model.
What Pepeto brings:
- Exchange demo coming in days
- Meme coins listed for free on the official site
- Cross-chain swaps (ETH, BNB, Solana)
- 278% staking APY for early holders
- Real-world use driving token demand
- $5.3M+ raised in presale
As the presale nears full cap, Pepeto’s blend of Ethereum-driven tech, staking power, and meme appeal is capturing attention. The time to move is now before prices rise in the next tier.
Join the presale here: https://pepeto.io