Significant activity from cryptocurrency whales has pushed the price of Ethereum (ETH) above $4,200. Reports indicate that several prominent traders have realized substantial profits through aggressive long positions and executed strategies involving popular exchange platforms like Hyperliquid. These whales, utilizing techniques such as compounding returns, significantly boosted their initial investments while strategically exiting profitable positions, driving price movements. Meanwhile, other traders capitalized on the volatility of the market with short-term trades, selling ETH at crucial points in the chart during periods of declining prices and capturing quick gains. A key indicator is a bullish breakout from the descending broadening wedge pattern, which suggests potential for price growth to $7,000 or even higher. This move has been bolstered by institutional confidence reflected in massive buying activity, particularly from OTC whales who are accumulating ETH despite market fluctuations.