Ethereum has experienced a notable surge, largely due to an unusual spike in purchases and Bitcoin's rally to a new all-time high above $80,000. This bullish trend extended into the altcoin market, affecting Ethereum (ETH) positively.
The cryptocurrency managed to sustain its price above $3,000, thanks to substantial whale accumulation. This trend places Ethereum on a path towards challenging its previous all-time high of $4,981.
Ethereum's recovery showcases investor interest and optimism, spurred by strategic whale purchases that bolster its market standing during this bullish phase.
