#ETHBreaks3700
Ethereum Price Climbs Above $3,700—Is Altcoin Season Finally Here
Ether is now outperforming Bitcoin, sparking a sentiment of the official start of altseason. With a $416 billion valuation, Ethereum has entered the list of the top 30 global assets. ETH price is running up by 20% over the last 7 days as BTC witnesses a halt at $120K after smashing fresh ATHs.
Whales go after Ethereum
On-chain data shows two mysterious whale wallets, 0x35fb and 0x9684, scooped up 206,415 ETH (worth $745 million) in just the past week. 0x35fb withdrew 103,274 ETH (worth $372.8 million) from Kraken over 9 days, while 0x9684 pulled 103,141 ETH (worth $372.3 million) from FalconX. The moves appear to be for long-term positioning.