Ethereum (ETH) is currently sitting around $2,547 after a $127 million purchase by a whale investor who scooped up 48,825 ETH at an average of $2,605. This move, timed during a brief market drop tied to geopolitical issues and option expiries, reflects serious confidence in ETH’s future.
That same whale previously earned $30 million through Ethereum trades, suggesting this decision is part of a strategic plan. Broader crypto sentiment was shaken by Middle East news and over 242,000 ETH options expiring on Deribit. Still, this large purchase brought optimism back. The put-call ratio is now 1.20, with $2,700 acting as the market’s pressure point.
Ethereum Outlook: Range-Bound with Upside Potential
Currently, ETH trades between the 23.6% Fibonacci level at $2,518 and the 50-period EMA at $2,580 on the 2-hour chart. Here’s what to watch:
If Bullish:
- Entry: Break above 38.2% Fib at $2,568 and 50 EMA
- Stop-loss: Just below $2,500
- Targets: $2,607, then $2,647
If Bearish:
- Entry: Fall below $2,518
- Stop-loss: Above $2,540
- Target: $2,440, maybe $2,300
Blockchain Bridges: Making Crypto Interoperable
Blockchain bridges solve one of crypto’s biggest problems: siloed networks. They lock assets on one chain and create equivalent tokens on another. For example, users can switch from Ethereum blockchain to BTC.
Why they matter:
- Enables smooth asset transfer across blockchains
- Offers both centralized and decentralized options
- Expands token usage beyond original networks
That’s why Pepeto is standing out. As Ethereum builds momentum, Pepeto is launching a cross-chain exchange powered by its bridge system. Users can move assets between Ethereum, BNB, and Solana with ease—and low fees.
Pepeto Delivers: Exchange Preview and High-Yield Staking
Pepeto is giving early investors a look at its exchange platform, set to support meme coin listings with zero listing fees. Its bridge lets assets move between major chains, with features similar to Ethereum’s but tailored for broader use.
Pepeto perks:
- Demo exchange launches soon
- All meme tokens listed for free at pepeto.io
- Bridge supports ETH, BNB, Solana swaps
- 278% APY staking live now
- Utility-driven token demand
- Over $5.3M already raised
With limited presale time left, Pepeto’s Ethereum-based foundation, real use cases, and strong incentives make it a serious player. Don’t miss your chance before prices climb.
Presale available here: https://pepeto.io
