Ethereum has experienced a surge in whale activity, with large investors accumulating significant amounts of the cryptocurrency. According to on-chain data, whales bought over 140,000 ETH worth approximately $322 million in just 96 hours.
This buying spree is notable as institutional-scale investors typically buy aggressively during consolidation phases ahead of anticipated price appreciation.
Following this accumulation, Finbold consulted OpenAI's ChatGPT for insights on Ethereum's potential future price movement. The model predicts that Ethereum may continue to rise, with a 60% chance of reaching the $2,700 to $3,000 range over the next one to three months.