Ethereum Eyes $3,000 as Mystery Whale Rotates $87 Million Out of Bitcoin

Ethereum (CRYPTO: ETH) climbed above $2,700, its highest level since January, as whale activity accelerated and one large holder rotated a significant amount of Bitcoin (CRYPTO: BTC) into ETH. On-chain tracker Lookonchain reported that a mysterious whale sold 1,107 BTC worth $86.76 million on Hyperliquid before buying 34,422 ETH worth $86.5 million and staking the entire position.