Ethereum Price Surges Above $2000 as Whales Accumulate and US Investor Demand Improves

The Ethereum price has been on a roll lately, with the altcoin's value surging above $2,000 in recent days. This upward trend is not limited to Ethereum alone, as the broader cryptocurrency market continues its rally.

According to on-chain data, whales have been accumulating ETH, with one notable purchase of 7,008 units at an average price of $2,079, totaling over $14.5 million. This significant investment suggests that these large-scale investors are confident in Ethereum's future prospects.