Ethereum trades near $2,010 as whale stakes 60,000 ETH worth over $120M

Ethereum is trading around $2,010, down 3.4% in the past 24 hours following a decline from above $2,800 earlier this month that coincided with more than $650 million in long liquidations, CoinCryptoNewz reports. Trader CryptoTony noted on X a potential "sweep and pump" pattern on the 1-hour chart, with ETH dipping below support near $2,030–$2,040 to clear liquidity before a possible move toward $2,190 if buyers return. Onchain data cited by CoinCryptoNewz show roughly 470,000 ETH left exchanges in the last 30 days, and a single whale staked over 60,000 ETH (over $120M) into the Beacon Chain. Some analysts see a broader bear pennant that could target $1,200 on a breakdown or around $2,500 on a short-term reversal, while institutional forecasts from Standard Chartered and J.P. Morgan project ETH in a $7,000–$9,000 range by year-end, with all views conditioned on evolving macro and regulatory risks.