Ethereum Whales Stir Market with Massive ETH Moves Amid Price Uncertainty

Ethereum has seen significant whale activity, with large investors purchasing over 280,000 ETH, worth approximately $1 billion, in recent days. This accumulation has fueled optimism about Ethereum's price trajectory, especially as it trades near $3,700. The increased whale activity, coupled with more ETH outflows from exchanges, suggests reduced selling pressure and potential for sustained bullish momentum. However, risks remain due to overbought technical indicators, which could lead to a short-term correction.