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Santiment: Ethereum's current rebound is driven by strong accumulation from "shark wallets," which have accumulated 450,000 ETH in the past two weeks.

On December 4, the price of Ethereum rebounded to $3,215, mainly due to strong accumulation by “shark wallets” holding between 1,000 and 10,000 ETH. These wallets have been a key driving force behind Ethereum’s price increase throughout 2025. The chart shows that this group accumulated a total of 450,000 ETH between November 18 and December 2. Additionally, the number of new wallets created on the Ethereum network in a single day reached 190,000.

ETH4.18%
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