A notable Ethereum whale, previously known for incurring losses on May 16 after selling 8,613 $ETH , has re-entered the market. According to on-chain analyst Ai Yi, this investor recently acquired 2,004 $ETH , valued at approximately $4.99 million, at an average price of $2,491.

This move may indicate renewed confidence in Ethereum's potential, as large-scale investors often influence market sentiment. Observers will be keen to analyze subsequent movements from this whale, as they can provide critical insights into market trends and future price trajectories.