Ether (ETH) has surged over 9% in the past 24 hours, hitting a 13-week high of $2,880 on Nov. 7. An Ethereum whale, holding 11,000 ETH since 2016, cashed in on this rally, moving their holdings at $2,777 per token, netting a potential profit of $30.52 million.

ETH reserves on exchanges have risen, indicating possible profit-taking. Despite this, Ethereum's long-term exchange reserves are near 8-year lows. Analysts suggest a bullish breakout could push ETH toward $4,000, though high futures funding rates hint at potential risks. Always conduct your own research before investing.