Ethereum (ETH) has surged over 7% in the past 24 hours, trading near $4,200 after surpassing the $4,000 mark. This price increase is attributed to significant whale accumulation, with addresses holding between 10,000 and 100,000 ETH now collectively owning 31 million ETH. This accumulation pattern has historically preceded bull markets. In addition to whale activity, Ethereum's staking metrics also reflect strong market confidence. Currently, 36.15 million ETH is staked, and a positive fund market premium suggests robust institutional interest. These factors combined indicate a bullish outlook for Ethereum.