The Rapid Ascent of Ethereum and the Influence of Major Investors

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

FLOW-3.226%

Source: Coinmarketcap

Updated: Dec 04 2025

Ethereum Price Surge: Ethereum's price rose by 5% to $3,200, driven by increased interest from "shark" wallets holding 1,000 to 10,000 ETH, amid positive developments in the Ethereum network.
Fusaka Update Impact: The Fusaka update enhances Ethereum's scalability and reduces transaction costs through PeerDAS technology, leading to improved network efficiency and positive community sentiment.
Shark Wallet Accumulation: Shark investors acquired 450,000 ETH from mid-November to early December, indicating renewed confidence in the market after a previous sell-off of 1.3 million ETH.
Growing Ecosystem Appeal: The Ethereum ecosystem saw a surge of 190,000 new wallets in one day, with technical indicators suggesting a potential price increase to between $3,300 and $3,500.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

The Rapid Ascent of Ethereum and the Influence of Major Investors

About the author

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