Ethereum Whale Accumulation Fuels Record Highs As Price Approaches $5,000

Ethereum whales have been actively accumulating billions worth of ETH, driving the price towards a new all-time high. The surge has propelled Ethereum closer to $5,000 and is fueled by aggressive buying from these large players. Blockchain data reveals massive purchases by unknown entities since July 10, while on-chain analysts highlight recent acquisitions. These substantial buys have pushed ETH within striking distance of its previous record high, sparking market optimism for a potential breakthrough.