The second largest cryptocurrency, Ethereum (ETH), has experienced a surge in activity, particularly in large transactions. Ethereum's weekly transaction volume has increased by over 300%, reaching a daily large transaction volume of $17.15 billion. This surge in large transactions highlights increased activity from "whales," or large holders of the cryptocurrency. The rise in whale activity corresponds with the recent increase in Bitcoin and Ethereum prices. Ethereum broke through the $4,000 mark for the first time in months. The increase in large transactions is seen as a positive indicator, reflecting strong demand and optimistic market sentiment. However, Ethereum's price is currently trading below $4,000, but support levels suggest potential buying opportunities and the possibility of a rally towards $4,500.



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