Just checked the ETH charts and the price action is looking interesting right now. ETH is trading around $2.29K, down about 1.81% in the last 24 hours, but what caught my eye is how the price has been holding above the key $2,100 support level over the past few days. The bulls seem to be taking a breather after a solid recovery from recent lows.

Looking at the technicals, the RSI is hovering around 66, which shows decent momentum, and the MACD is still positive. The 4-hour chart shows ETH bouncing between $2,139 and $2,182, which are pretty significant levels. If we can break above $2,182, there's potential for further upside. On the flip side, if it dips below $2,100, we might see some short-term consolidation.

What's also interesting is that whale activity has been picking up lately. Large investors have been accumulating ETH, particularly addresses holding 10,000+ tokens. This kind of accumulation usually suggests confidence in the longer-term outlook. The MVRV Z-score is around 0.40, which implies ETH might be undervalued at current levels. If this trend continues, we could see ethereum price stabilize and push higher.

The retail sentiment seems mixed though. While whales are accumulating, smaller holders seem hesitant to add positions. That said, various analysts have been pretty bullish on ethereum price for the long term. Some predictions suggest we could see significant growth over the next few years if the current momentum holds.

For now, I'm watching the $2,182 resistance and $2,100 support. If we hold above support and break resistance, that would be a solid signal. Either way, the technicals still favor the bulls, but we need to see some follow-through buying to confirm a sustained uptrend.