Ethereum whales (ETH) buy an additional 188 million USD, is $4,000 within reach?

Recently, Ethereum whales have continued to buy aggressively, accumulating approximately 51,450 ETH, equivalent to about 188 million USD, in just two days. This occurs against a positive backdrop, as the net flow of large holders also indicates that whales are buying more than they are selling, a positive signal for the entire market.

This trend suggests that if whales continue to increase their buying, the price of ETH could potentially surpass the 4,000 USD level. Analysis indicates that Ethereum has strong support at the current price and the formation of bullish chart patterns could also reinforce this uptrend. However, in the event that whales stop buying, there is a possibility that the price of ETH will adjust back to lower support levels.

Overall, with whales accumulating ETH and supportive signs from technical analysis, the price level of 4,000 USD could very well be within reach if this positive trend continues.