On September 4th (UTC+8), crypto sentiment analysis platform Santiment stated that Ethereum whales have been increasing their buying since Ethereum fell to its yearly low. In just 5 months, the group of whales holding 1,000 to 100,000 ETH has increased their Ethereum holdings by 14.00%. Crypto market participants often observe whale activity to assess sentiment, as selling may signal bearishness, while accumulation may signal bullishness and expectations of higher prices. [Bitpush]