Ethereum price has risen nearly 4% this week, returning to the $2,150 level. On-chain data shows that whales are heavily buying, with over 120,000 ETH (worth over $250 million) recently withdrawn from exchanges. Meanwhile, Coinbase Premium has turned positive, indicating that institutional investors are reigniting buying enthusiasm. Valuation metrics, including the MVRV range, suggest that ETH may be approaching a historical bottom, hinting at a potential rebound. Market observers are closely watching to see if this upward momentum can push the price toward the $2,600 resistance level.