On-chain monitoring shows that a whale/institution has accumulated 35,237 ETH, worth $155 million, bringing the total holdings to 328,421 ETH, spread across 10 wallets, sourced from FalconX and others.

This operation is too aggressive; it feels like institutions are buying on the dip, especially with ETH breaking a new high of $4,400, this accumulation directly boosts market confidence.

Today, another whale withdrew 500 BTC from Binance, and Arthur Hayes bought ETH ecosystem tokens, indicating that whales are collectively bullish, and DeFi and Layer 2 are set to take off.

In the short term, ETH might surge to $4,500, I recommend keeping an eye on these addresses' movements, be ready to FOMO into the market, but don't forget risk control.