Ethereum (ETH) has seen significant accumulation by large holders in July. According to data from Lookonchain, approximately 23 whales or institutions collectively acquired 681,000 ETH, valued at roughly $2.57 billion, after July 1st. This substantial accumulation suggests strong conviction in Ethereum's future prospects. Such large-scale investments can influence market sentiment and potentially drive upward price movement. Analysts are closely watching whale activity as a key indicator of market trends. The reason behind this massive accumulation could be linked to anticipation of future upgrades or confidence in Ethereum's long-term dominance in the DeFi and NFT spaces. The activity of these Ethereum whales is worth noting for any investor. ```

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