#ETH4500Next?
Ethereum has climbed roughly 7% in the past 24 hours. It now trades slightly above $4199, marking a clean breakout from the recent stretch of underperformance that dragged prices as low as $3,400 earlier in the week.
Ethereum has broken out of its week-long slumber, posting fresh gains as whales and institutions double down. SharpLink, one of the largest public holders of ETH has increased its stack with a fresh buy, offering a boost to price.
The bounce has put ETH back in the green for the week and brings its monthly gain to approximately 49.4%. Daily trading volume is up 85%, now hovering around $48.9 billion.Fueling the rally, Ethereum whales are back in accumulation mode too. On-chain data shows that nearly $670 million worth of ETH has been accumulated by large holders over the past four days, reversing last week’s trend of heavy selling.
