Four prominent cryptocurrency whales have made significant purchases of Ethereum (ETH) over the past two days, accumulating nearly $357.2 million worth of the asset. These large transactions, tracked through Arkham Intelligence’s on-chain analytics, suggest institutional involvement and potential bullish sentiment despite a recent price dip. This action is noteworthy as it coincides with ETH hovering around $4,528.31, down 2.53% in the past few days. Analysts are divided on the implications of this accumulation: some see it as a classic whale strategy to stabilize prices while others caution it could be profit-taking if market conditions worsen. Historical data from Arkham suggests that whale movements often precede significant market shifts. Whether this accumulation signals the bottom or a precursor to volatility, the crypto community continues to watch closely as ETH’s next move could be influenced by broader macroeconomic trends and institutional adoption.