Ethereum Whale Activity Fuels Hopes for $5,800 Price Target

• Ethereum whale accumulates 92,899 ETH worth $412M, sparking bullish sentiment.
• Ethereum must hold the $3,370 support to eye a $5,800 breakout.
• The derivatives market shows rising open interest but a sharp drop in trading volume.

Ethereum is trending following emerging whale activity and key technical levels, suggesting that a major price move may be just around the corner. At the time of writing, Ethereum is trading at $4,468.57, recording a 0.28% increase in the last 24 hours. As it stands, with a 24-hour trading volume of $ 46.95 billion and a market cap of $ 538.31B., it reflects stea