Whale Activity Drives Ethereum Prices Up 45% as Institutions Pile In

A significant surge in Ethereum’s value has been driven by the actions of large institutional investors and whales, with over 1 million ETH worth $4.17 billion purchased since July 10th. This activity was tracked by on-chain analytics expert EmberCN, who reported the purchases were made using platforms like FalconXGlobal. The surge in Ethereum’s price has reached a new all-time high of around $4,500. Experts believe this accumulation of ETH is a sign of strong long-term bullish sentiment for the currency and could indicate a shift in market dynamics. 45% increase in prices highlight the substantial market impact of these purchases.