According to Lookonchain, whale 0xd8d0, known for previously earning over $30M on ETH trades, spent an additional $37.15M USDC today to purchase 15,000 ETH at $2,477. Over the past week, this whale has invested approximately $221M USDC to acquire a total of 85,465 ETH at an average price of $2,584 (source: Lookonchain, intel.arkm.com). These large-scale ETH accumulations at current price levels signal significant bullish sentiment from high-cap traders and may influence short-term Ethereum price volatility, liquidity, and overall crypto market momentum.

According to Lookonchain, Abraxas Capital has bought an additional 33,482 ETH worth $84.7 million in the past 12 hours, bringing their total Ethereum purchases to 211,030 ETH valued at $477.6 million over the last six days (source: x.com/lookonchain). This aggressive accumulation by a major institutional investor is a strong bullish indicator for Ethereum price action, reflecting growing institutional confidence and potentially increasing upward pressure on ETH in the crypto market.