Ethereum Nears Record High Amidst Whale Buying and Retail Selling

Ethereum is poised to reach its all-time high as whales drive buying activity while retail traders sell. The rally is fueled by positive sentiment, inflows from institutional investors, and a growing disconnect between bullish bets and bearish chatter. 6.4% away from its historic peak of $4,891 set in November 2021, Ethereum’s surge suggests that even with retail selling pressure, strong buying from whales is bolstering momentum.