Ethereum is drawing heightened attention from institutional investors and crypto whales, pushing its price toward the $4,000 mark for the first time since late 2024. On July 20, blockchain analytics firm Lookonchain reported that two newly created wallets purchased 58,268 ETH, worth approximately $212 million. The wallets, suspected to belong to institutional investors or whales, acquired the assets from Galaxy Digital and FalconX. Ethereum Gains $450 Billion Market Cap as Institutional Bets Intensify On-chain analyst EmberCN added to the narrative by highlighting another significant Ethereum purchase involving another whale
source: https://beincrypto.com/ethereum-whales-price-target-4000/