Strong accumulation from \u201cshark wallets\u201d holding 1,000 to 10,000 ETH has pushed the asset\u2019s price up to $3,230, reported Santiment on Thursday.\u00a0This is the highest that Ether has traded for since mid-November, almost three weeks ago.<\/p>\n
These wallets have been \u201ckey alpha\u201d for the asset\u2019s price throughout 2025, Santiment added.\u00a0Additionally, network growth just hit 190,000 new wallets in one day.<\/p>\n
Ethereum has climbed back to $3,215 on strong accumulation from shark wallets holding 1K-10K $ETH<\/a>. These wallets have been key alpha for the #2 coin\u2019s price throughout 2025. Additionally, ETH\u2019s network growth just hit 190K new wallets in one day.<\/p>\n https:\/\/t.co\/QsvXwulg76<\/a> pic.twitter.com\/NTR1tnvUtR<\/a><\/p>\n \u2014 Santiment (@santimentfeed) December 3, 2025<\/a><\/p>\n\n The move follows the successful deployment of the Fusaka upgrade<\/a> on Wednesday.<\/p>\n \u201cFusaka went well, and L2s posting blobs without missing a beat,\u201d said<\/a> Ethereum developer Terence Tsao. \u201cCredit to all the teams. L1 and L2s are running as one well-oiled machine that moves forward together,\u201d he added.<\/p>\n Fusaka is a key step on Ethereum\u2019s layer-1+rollup roadmap with higher L1 performance, expanded blob capacity, lower rollup costs, and UX improvements.<\/p>\n \u201cTwo major Ethereum upgrades this year is a huge win,\u201d said Ryan Sean Adams from Bankless, who added<\/a>, \u201cI haven\u2019t seen builder momentum this strong since the Merge in 2022.\u201d<\/p>\n Ethereum also achieved a record daily gas usage of over 200 billion units on Dec. 3, coinciding with the Fusaka upgrade\u2019s activation, observed<\/a> Sam Altcoin.<\/p>\n Analyst Ted Pillows noted that the ETH\/BTC ratio was trying to reclaim the 50-week exponential moving average again. \u201cIf that happens, ETH and altcoins could see upward momentum,\u201d he said<\/a>.<\/p>\n Meanwhile, Tom Lee is \u201cDCAing ETH,\u201d reported<\/a> Arkham Intelligence on Thursday. It observed another $150 million BitMine purchase on Wednesday, stating \u201cTwo fresh wallets just withdrew $92 million of ETH from Kraken, and $58 million from Bitgo, matching prior BitMine purchase patterns.\u201d<\/p>\n BitMine has already bought the dip<\/a> twice earlier this week and now holds at least\u00a03.73 million ETH worth almost $12 billion.<\/p>\n TOM LEE JUST BOUGHT $150M ETH<\/p>\n Two fresh wallets just withdrew $92M of ETH from Kraken, and $58M from Bitgo, matching prior Bitmine purchase patterns.<\/p>\n Tom Lee is DCAing ETH. pic.twitter.com\/uZxEnhVvzi<\/a><\/p>\n \u2014 Arkham (@arkham) December 3, 2025<\/a><\/p>\n\n Ether prices hit a three-week high of $3,230 during early trading in Asia on Thursday, but it could not hold above it and dipped slightly to $3,200 at the time of writing.<\/p>\n The asset has recovered 16% since its dip to $2,740 earlier this week during the latest leverage flush. Comparatively, Bitcoin has only recovered 10% from its Tuesday low to $83,500.<\/p>\n Nevertheless, Ether remains down 35% from its all-time high and is also 4.5% in the red year-to-date.<\/p>\n The post \u2018Shark\u2019 Wallets Drive Ethereum to 3-Week High After Fusaka Deployment<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Strong accumulation from \u201cshark wallets\u201d holding 1,000 to 10,000 ETH has pushed the asset\u2019s price up to $3,230, reported Santiment on Thursday.\u00a0This is the highest that Ether has traded for since mid-November, almost three weeks ago. These wallets have been \u201ckey alpha\u201d for the asset\u2019s price throughout 2025, Santiment added.\u00a0Additionally, network growth just hit 190,000 […]<\/p>\n","protected":false},"author":0,"featured_media":117782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-117781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/117781"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=117781"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/117781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/117782"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=117781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=117781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=117781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Ethereum Upgrade Successful<\/h2>\n
ETH Price Outlook<\/h2>\n