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Ethereum has reached a new all-time high (ATH), and an "ancient whale" who's been quietly swapping $ETH for $BTC over the past seven years has also hit ATH in unrealized gains. This whale has attracted a whopping $120 million in just four days.
*Key Stats:*
- *Spot:* 105,599 ETH with unrealized gains of $5.003 billion, purchased at $4,284.
- *Contract:* $650 million in ETH long positions have unrealized gains of $69.99 million, with five addresses holding 135,265 ETH.
It's worth noting that Ethereum's current price is around $4,692.01, with a 9.17% increase in the last day. Institutions are also betting big on Ethereum, with some predicting a potential rebound.¹