Ethereum Eyes $2600 Resistance Amid Smart Contract Boom And $38M Whale Bet
Ethereum (CRYPTO: ETH) is trading at $2,566.47, up about 1.65% on the daily charts, with a weekly gain of 5.23%. The token is approaching a key resistance level near $3000, with a high of $2,598 and a low of around $2,480 today. Ethereum is on a bull run amid a surge in smart contract deployments, and the Ethereum co-founder’s vision for national payments.
BeinCrypto noted a sharp increase in the number of smart contracts being launched on Ethereum. As per Etherscan, daily smart contract deployments on Ethereum have soared in 2025, reaching their highest daily levels since the 2021 bull market, when ETH peaked above $4,800. The surge is fueled by the anticipation surrounding the Spectra upgrade.
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Per CryptoQuant, accumulation wallets—typically controlled by whales—now hold nearly 21 million ETH, accounting for 17.5% of …
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