A massive $110 million whale transaction has sent ripples through the Ethereum market. The move, involving two OTC trades with Wintermute, showcases significant accumulation by seasoned investors who may be poised to push ETH prices higher. This quiet but impactful transaction follows a period of stagnant price action and neutral sentiment, hinting at a potential shift in the market’s attitude. 30,000 ETH worth about $54 million was quietly purchased by this whale, with these funds deposited into Wintermute’s OTC wallet. While the broader cryptocurrency market remains cautious, high-net-worth investors may be strategically building up their Ethereum holdings for a future price rally. Experts suggest that when whales increase their position in silence, it often precedes significant price movement. If Ethereum breaks above the $1,850-$1,900 resistance, a potential surge to $2,000 could occur as institutional investors gain confidence. This accumulation serves as a strong supporting force for this potential price action, adding fuel to the fire of growing investor optimism.