Ethereum price rebounds to $2,290, whale longs surge 368% as staking hits record

Ethereum is showing renewed stability after a turbulent period, with its price returning to a key demand zone that has played a significant role in past market cycles. As of the latest trading session, Ethereum (ETH) is priced around $2,291, registering a modest gain of 1.08% over the previous day. ETH has re-entered a historically important demand region on its weekly chart, currently ranging from $2,100 to $2,400. This zone has provided support through multiple previous market swings, according to analysis from digital asset firm Blockto. After testing the lower end of this zone, ETH is now trading near $2,290. If buyers continue to defend current levels, the first recovery targets are projected at $2,600 to $2,700, with further upside capped by resistance between $3,000 and $3,200.

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