Ethereum Price Surges Amid Whale Activity, Institutional Predictions

Ethereum's price surge continues to draw attention from investors and traders. According to recent on-chain data, whales are moving millions of ETH and LINK, while institutional figures maintain a long-term bullish outlook.

F2Pool co-founder Chun Wang deposited $6.93 million in ETH and WBTC to Binance, while an anonymous cluster of wallets spent 50 million DAI to buy 25,425 ETH at an average price of $1,968. This pattern suggests that large players are willing to commit significant capital at current price levels.

Tom Lee, chairman of BitMine, predicts Ethereum's long-term price target will reach $250,000 during the '2.0' phase. He described a future where it functions as money and a core settlement layer in the emerging era of AI agents.