Ethereum whale activity is generating buzz as these large investors are loading up, fueling predictions of a potential price surge. Data shows that top-tier wallets have been accumulating ETH ahead of what analysts consider a textbook breakout setup. A recent $418 million purchase by BitMine Immersion Technologies has highlighted this trend, with the company moving more than 104,000 ETH into new wallets through a cluster of large transactions. This move pushed their total holdings to around 3.03 million ETH, roughly 2.5% of circulating supply. The increase in whale activity is driving market optimism, and analysts believe it may indicate an extended rally in the coming years. CryptoBullet highlighted that this surge mirrors historical price movements from 2017 more than 2021. This surge coincides with a significant rise in Ethereum’s market behavior, suggesting a bullish outlook for its long-term growth.