The number of Ethereum whales has just reached the highest level since September 2024

The number of “whales” holding at least 1,000 ETH has reached a high of 5,631 since September, up from 5,565 recorded on November 26, indicating increased interest and accumulation from large holders. This increase in whale activity suggests growing confidence among large investors, often seen as a positive signal for Ethereum's price trend.

Monitoring whale activity is crucial as these large holders can significantly influence market trends due to their large positions. An increase in the number of whale addresses often indicates accumulation, which can support price stability or drive upward momentum.

With the highest number of Ethereum whales recorded since September, this accumulation may signal that large investors are positioning themselves for potential price increases, suggesting a bullish sentiment in the short term. The growing interest from these whales could provide a foundation for Ethereum's price to maintain strength or even rise further if the trend continues.