July 4 (Cointime) - Large holders of Ethereum, known as "whales," have been increasing their transaction activity on the blockchain, with transactions carrying at least $100,000 on the rise.

This spike in activity followed ETH's recent price increase above $1,900, and data shows that ETH whales have doubled their transaction counts over a few days. While a high number of whale transactions can impact the price of Ethereum, the stable price and lack of ETH flowing towards centralized exchanges suggest that these whales are likely just moving their coins around without selling.

Despite a decline in trading volume, Ethereum's price is holding steady at around $1,963.