Ethereum Whales Show Buying Interest as Price Reaches New Highs

Ethereum price action has been volatile but shows signs of strength with whales accumulating holdings while remaining above crucial support levels. The current price sits near the $4,700 mark, showing a strong resistance level that bulls will need to break through in order for momentum to shift even further. On-chain data reveals large transactions from institutional investors and whales driving significant inflows, indicating a growing optimism for the future of Ethereum’s value.