Ethereum (ETH) is hovering around $2,547, and the market is buzzing after a whale bought 48,825 ETH worth $127 million at an average of $2,605. This purchase happened during a slight dip caused by global tension and expiring ETH options, showing confidence from big-time holders.
That same investor reportedly made $30 million from Ethereum before, adding more weight to this move. Despite market fears due to geopolitical issues and the expiry of 242,000 ETH options on Deribit, the whale’s action helped bring back positive sentiment. The current put-call ratio is at 1.20, with the max pain point near $2,700, giving bulls hope for a reversal.
Ethereum’s Current Setup: Breakout or Breakdown?
Right now, Ethereum is stuck between the $2,518 (23.6% Fibonacci retracement) and the $2,580 (50 EMA) levels. Here’s what could happen next:
Bullish Setup:
- Entry: Above $2,568 and the 50 EMA
- Stop-loss: Below $2,500
- Targets: $2,607 and then $2,647
Bearish Setup:
- Entry: Below $2,518
- Stop-loss: Above $2,540
- Targets: $2,440 and possibly $2,300
Bridge Tech: The Missing Link in Crypto Expansion
Blockchain bridges let assets and data travel between different chains. One common example is moving coins from Ethereum to Bitcoin’s network.
Top Bridge Features:
- Tokens can move easily across chains
- Centralized or decentralized setup options
- Access to broader ecosystems
And that’s where Pepeto comes in. As Ethereum pushes for growth, Pepeto steps in with a bridge-powered exchange that connects ETH, BNB, and Solana offering smooth, low-fee swaps for all meme coins.
Pepeto Demo Exchange Launch + 278% Staking APY
Pepeto is going beyond hype. It’s launching a preview of its exchange in just a few days. The platform supports meme coin listings for free, uses cross-chain bridge tech, and offers staking.
Here’s what’s on offer:
- Pepeto’s exchange demo is going live soon (check announcement)
- Meme coins listed at no cost on pepeto.io
- Powerful bridges across ETH, BNB, and Solana
- Up to 278% APY for stakers
- Real platform use—not just buzz
- $5.3M+ already raised in presale
The hype is building, and the cap is nearly hit. Pepeto is quickly positioning itself as a real contender with its mix of Ethereum-based infrastructure and meme appeal.
Don’t miss the presale: https://pepeto.io
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