ETH breaks 4000 as whales move big sums

Ethereum climbs above 4K as large holders move hundreds of millions in ETH, with supply near 121 million and staking offsetting issuance.

ETH crosses 4000 as whale buying boosts price

Ethereum pushed past 4000, trading around 4196 at the time of writing as large wallets moved a combined 667 million in ETH from OTC desks, contributing to the price move.
Six new wallets reportedly coordinated the purchase, underscoring how a handful of players can influence near-term sentiment in a crowded market.
CryptoQuant data show circulating supply crossing 121 million ETH, a milestone reached after a long climb in issuance. Daily minting remains in the low thousands, while a significant portion of ETH is locked in staking to offset new supply.

The move highlights how liquidity and on-chain activity interact with price action. A steady stream of staking continues to temper inflation, but the supply expansion remains a factor for ETH’s longer-term trajectory. Momentum indicators point to strong buying pressure, yet the setup carries the risk of a swift reversal if profit-taking accelerates or if liquidity dries up. In short, the story is evolving from a simple price push to a balance between demand, staking, and market sentiment.

Highlights

Markets reward momentum but test discipline all at once.