Ethereum holds above $2,350 as whales buy $322M amid US-Iran tensions boosting crypto demand.

Ethereum (ETH) has maintained its price above the $2,350 level, supported by strong buying from large holders who accumulated over 140,000 ETH (worth around $322 million) in the past 96 hours. The price recently peaked at $2,387 and is consolidating below a critical resistance zone at $2,400, which if broken, could push prices toward $2,500. Rising geopolitical tensions between the US and Iran have increased volatility in traditional markets, prompting institutional investors to migrate capital into cryptocurrencies like Ethereum, providing additional support for its price. Traders are watching closely for a decisive move above $2,400 to confirm a bullish continuation or a drop below $2,150-$2,200 support that could lead to a decline below $2,000.