Ethereum has broken above $2,600 driven by returning whale activity and a record 207 million non-empty wallets. Over 40 million ETH are now staked, while total value locked in DeFi stands at approximately $50 billion. Average transaction fees have fallen below $0.10, down more than 85% from April’s peak. Analyst Ted Pillows identifies a major resistance zone around $2,550, where a sustained breakout could open the path toward $2,900 to $3,000, with a longer-term target of $10,000 by 2029.
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