Ethereum posted a sharp rally, gaining 10% within two hours as large holders drove a wave of buying. The price climbed from $2,433 to $2,667 during the sudden move, which analysts attributed to a surge in on-chain activity by so-called whales. Market data revealed a notable increase in transactions over $1 million, which rose nearly 14% as Ethereum’s price spiked. Analysts stated that this pattern suggested significant accumulation by wallets holding large amounts of ETH, outpacing activity from retail investors.