Data: The recent rebound of Ethereum is attributed to the strong accumulation by "shark wallets," which have accumulated 450,000 ETH in the past half month

Ethereum's price has rebounded to $3,215, mainly due to the strong accumulation by "shark wallets" holding between 1,000 and 10,000 ETH. These wallets have been a key driving force behind Ethereum's price increase since 2025. The chart shows that this group accumulated a total of 450,000 ETH from November 18 to December 2. Additionally, the number of new wallets on the Ethereum network reached 190,000 in a single day.