Ethereum’s Price Surge Sparks Profit-Taking Moves Amid Concerns Over Market Reactions

Key Points

1. Ethereum (ETH) has surged over 17%, maintaining momentum above $4,000 and nearing its all-time high.

2. A whale transferred 31,699 ETH (worth over $135 million) to Coinbase, indicating profit-taking behavior.

3. Ethereum's price recently peaked at $4,348.15 but is currently trading at $4,295.28, reflecting a 1.94% increase in the last 24 hours.

4. Large ETH transfers can signal profit-taking, with the current price 15% below its all-time high of $4,891.70.

5. Institutional demand for Ethereum is growing, but caution remains due to high leverage and market speculation.