Ethereum's price stabilized around $3,000 today, bolstered by significant whale accumulation of 4.8 million ETH since late November. This accumulation has reinforced the $2,796 support level, contributing to Ethereum's market dominance rising to 13%, even as altcoins underperform. Despite increasing leverage, the absence of macroeconomic drivers leaves the market sensitive to whale sentiment. Capital flows continue to favor Bitcoin, posing a risk to Ethereum if trader focus shifts.