#ETHOnTheRise On-chain data shows these large holders have been snapping up ETH, with over 51,450 tokens — worth a whopping $188 million — purchased in just two days.

This surge in whale activity hints at a possible rally, with some analysts eyeing a push past $3,700 or even $4,000 for ETH.

What’s the Big Deal About Whales?

Whales are the big-time players in the crypto world. They hold massive amounts of tokens, and their buying or selling decisions can rock the market. Recently, Ethereum’s whale netflow — the difference between coins bought and sold by these large holders — has jumped from 28,680 ETH on November 29 to 80,130 ETH today.