Ethereum Breaks Above $2,630 as Whale Activity and Holder Base Hit Records

• Ethereum surpassed $2,630 as whale activity increased and its non-empty wallet count reached a record 207.17 million.
• ETH reclaimed $2,500 and $2,560, with $2,620-$2,640 now the key breakout zone and $2,660-$2,680 in focus.
• RSI reached 71.31 and MACD remained positive, while $2,600 and $2,500 provide nearby support if momentum cools.

Ethereum climbed above $2,630 yesterday as whale activity increased and its holder base reached a record 207.17 million wallets. Santiment Intelligence reported that ETH reached its highest market value since January, while Ella of LBank tracked the breakout above $2,500 and outlined key levels. Technical data also showed strong momentum.

Ethereum Holder Base Reaches Record Level

According to Santiment Intelligence, Ethereum moved above $2.63K Friday, reaching its highest market value since January. At the same time, whale transactions increased as large holders became more active during the move higher. The network also recorded 207.17 million non-empty wallets, a record for Ethereum. 

More than 40 million ETH remains staked. Pooled staking allows smaller holders to earn rewards without operating their own validators. Meanwhile, Ethereum secures roughly $50 billion in DeFi TVL across stablecoin, lending, DEX and liquid-staking markets.

ETH Reclaims $2,500 as Rally Extends

Ella, a partner at LBank, said ETH traded near $2,436 before moving above $2,620. The recovery through $2,500 changed the trading range, while $2,560 then gave way with little pause.

Ella is now watching the $2,620-$2,640 area. She said a 30-minute close above that range would keep $2,660-$2,680 in play.

Ethereum finally gave traders a cleaner move today.$ETH traded down to roughly $2,436, then pushed above $2,620. The reclaim of $2,500 changed the tone, and price barely paused after $2,560 gave way.

I’m looking at $2,620-$2,640 now. A 30-minute close through that area would… pic.twitter.com/33Dj12bCv3

— 𝗘𝗹𝗹𝗮 (@Ellaweb_3) September 19, 2026

However, she identified $2,560 as the first level buyers need to defend if the rally cools. A move below it would bring $2,500-$2,520 back into focus.

Technical Data Shows Strong Buying Pressure

On the 4-hour chart, ETH stood at $2,627.18, with a session range of $2,611.71-$2,630.25. The recent move recovered fast from $2,380-$2,400 and reached the $2,630 area. ETH moved above the $2,500 psychological level while testing recent highs near $2,630. 

RSI was at 71.31, above the 70 overbought threshold. Meanwhile, MACD remained bullish, with the line at 40.07 versus 17.34 for the signal line. Its histogram stood at 22.73. Volume also increased during the breakout. Resistance is near $2,630, followed by $2,650-$2,700, while support stands at $2,600, $2,500 and about $2,400.