Large Ethereum investors, known as whales, are aggressively buying the cryptocurrency this April 2025, according to data from IntoTheBlock. These purchases have led to significant fluctuations in Ethereum’s price, ranging from $1,600 to $1,800 over the past month. This increase in whale activity is being observed across both institutional and retail investors, indicating a potential shift in market dynamics. On-chain analysis reveals that wallets holding between 1,000 and 10,000 ETH have hit new highs since 2023, showing a significant accumulation trend. A notable surge in large transactions on April 25th reflects this rapid market change. The volatility of the market is evident in the ETH/BTC ratio hitting record lows, signifying fluctuating investor sentiment and potential shifts in market behavior.