Ethereum rises 7%: Can whales push ETH’s price to $4K now?

price rallied last week, allowing it to sit comfortably above the $3.5k mark. Though this already looked optimistic, things might get even better as the big players stockpile more ETH., ETH investors earned profits last week as its value surged by nearly 7%. At the time of writing, ETH was trading at $3,520.80 with a market capitalization of over $422 billion.revealed that whales have started to accumulate ETH. As per the tweet, a whale withdrew 22,251 ETH, worth $80.06 million, from exchanges.

To see whether buying pressure from whales was high, AMBCrypto took a look at Santiment’s data. We found that ETH’s supply held by its top addresses increased over the last week. Its exchange outflow also spiked, signaling a rise in buying pressure.also showed a similar trend. Ethereum’s exchange reserve was dropping. However, it was surprising to see that ETH’s Coinbase Premium turned red. This meant that selling sentiment was dominant among US investors.

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