The current growth in the value of #Ethereum is partly due to the growing activity of whales. Over the past month, the number of large transactions with #ETH has been steadily increasing. Thus, the number of ETH transactions worth between $1 million and $10 million has increased by 14% over the past 30 days, and transactions worth over $10 million have increased by 21% over the same period.

An increase in the number of large transactions usually signals a bullish mood. The activity of large players instills confidence in retail investors, pushing them to buy. Ultimately, this contributes to price growth.