Ethereum (ETH) whale accumulation has picked up, as the whale transaction count has risen to its highest level since December 16. The recent increase in whale interest comes amid the modest relief rally engineered by ETH since January 1, as the asset gains in four consecutive days.

Whale accumulation has seen a dramatic surge since January 3, as revealed by a chart from the crypto analytics platform Santiment. According to the chart, the highest level of transactions occurred yesterday, as up to 611 ETH transactions worth over $100K were recorded in just 4 hours. 

(By Ammara)