Major investors known as “whales” have acquired 260,000 Ethereum (ETH), worth approximately $1.14 billion, according to data from Santiment (cointelegraph.com). This surge in accumulation comes during a price correction, suggesting that institutional players may be anticipating a bullish rebound.
The growing demand for ETH from whales, funds like BitMine, and various ETFs has reinforced this optimistic outlook, with technical indicators pointing to a potential move toward the $5,000–$6,000 range per ETH (cointelegraph.com).
This trend highlights renewed confidence in Ethereum as a strategic asset amid the current market volatility and could mark a key turning point for the crypto markets in the short term.
