Ethereum has entered a volatile phase after breaking its 2021 all-time highs last week, sparking both excitement and caution across the market. After the surge, ETH retraced and tested critical demand levels, where buyers stepped in to defend support. Bulls are showing resilience, with analysts pointing to the possibility of Ethereum rallying past $5,000 in the near term.

Still, the risks of a deeper correction weigh heavily, fueling uncertainty among traders and investors. Fear is beginning to creep into sentiment, as some wonder if Ethereum’s rally is sustainable or if another pullback is on the horizon.

Yet in this environment, one undeniable trend stands out: whales are accumulating. Arkham Intelligence revealed that nine whale addresses collectively purchased around $450 million wor

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