Ethereum Whales Drive Momentum
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Ethereum’s price is nearing its all-time high of $4,868, spurred by increased buying activity from large-scale investors, commonly referred to as whales.
These influential market participants have been ramping up their accumulation, contributing to Ethereum’s sustained upward trajectory.
The combination of bullish technical indicators, increasing institutional interest through ETFs, and reduced supply positions ETH for significant upward movement.
However, investors remain cautious of broader market volatility, which could influence short-term price action.
Ethereum’s rally underscores its critical role in the evolving crypto landscape, with whales and institutional players driving momentum in a market that continues to capture global attention.
Data: eToro, MarketScreener
