Ethereum Holds Above $2,000 as Whales Add Positions During Pullback

Ethereum rebounded from late February lows near $1,830 to almost $2,200 before easing back to just above $2,000, Santiment and TradingView data show. Onchain metrics indicate large wallets have been adding ETH during the recent pullback, with long-term holders boosting exposure and derivatives positioning remaining skewed to the long side. The chart shows a tightening wedge structure, with a rising trendline supporting price while resistance near $2,200 capped the latest advance. A sustained break above $2,200 could open upside toward $2,400 and possibly $2,750, while a breakdown below $2,000 may see demand emerging around $1,850 and then $1,750.