Ethereum Whales Spark Market Rally Above $2,000

Ethereum (ETH) has seen a resurgence as whales resumed heavy accumulation following its price surge above the $1,900 mark. Transactions worth 50,000 ETH were withdrawn from exchanges in a single day, signaling significant interest from institutional investors and high-net-worth individuals. This move coincided with the Pectra upgrade, which enabled smoother staking and boosted network activity, leading to Ethereum briefly turning deflationary.