Ethereum prices surged past $4,500 following an investment of $150 million by crypto analyst Tom Lee, according to Arkham Intelligence. This comes as the Ethereum network gears up for a significant upgrade known as Fusaka. Analysts are optimistic about the bullish outlook and are discussing potential price targets. Here’s a breakdown: 2 major wallets withdrew over $150 million from trading platforms Kraken and Bitgo. These withdrawals, similar to past activity by BitMine Immersion’s buying spree, indicate institutional interest in Ethereum. On-chain data suggests that short positions could be liquidated if ETH prices reach $3,500. Ethereum price surged on December 3rd after blockchain analytics firm Arkham Intelligence flagged a $150 million ETH purchase tied to FundStrat co-founder Tom Lee. Two wallets withdrew $92 million in ETH from Kraken and $58 million from BitGo, signaling consistent institutional accumulation. This activity coincided with Ethereum’s Fusaka upgrade, which went live on December 3rd. Ethereum’s price jumped above $3,200, a level last seen in weeks. The surge was driven by