Ethereum traded near $3,215 on December 4, with the advance primarily supported by selective purchases from whale wallets holding between 1,000 and 10,000 ETH. These large holders have emerged as a persistent driver of the Ethereum price trajectory throughout 2025, providing steady demand amid fluctuating markets.
On-chain data compiled by COINOTAG show the same cohort accumulating around 450,000 ETH from November 18 through December 2, highlighting a tangible buildup that could influence near-term price dynamics and supply distribution.
Additionally, the network’s daily new wallet count reached approximately 190,000, signaling rising participation and broader ETH network activity as traders and investors engage with the asset in a more expansive market environment.