#ETHRally Ethereum Inches Closer to Record High as Whales Buy Big Money Accumulation

$ETH is now just 6.4% away from its all-time high of $4,891, reached in November 2021. The rally is being powered by large-scale whale accumulation and

strong institutional inflows, even as retail traders continue to sell out

of fear and disbelief. This unusual market split has kept sentiment

resistance low, allowing Ethereum to climb steadily toward a potential

breakout.

ETH

4,729.7

+1.92%

Data from Santiment shows that retail traders’ fear has not stopped ETH’s rise — in fact, history suggests markets often move against retail sentiment. Earlier this

year, between mid-February and late March, Ethereum struggled below $2,600 amid

heavy Fear, Uncertainty, and Doubt (FUD) across social media. While

retail investors were selling, whales were quietly accumulating.

By late March, sentiment began to turn positive, pushing $ETH above $3,200. A brief correction followed in April, triggered by FOMO-driven overconfidence, showing how extreme sentiment — whether bullish or bearish — often precedes sharp price

swings.