Ethereum is gaining momentum towards a $7,000 target, fueled by significant whale purchases and ETF inflows. A notable $113 million acquisition by a whale from Bitmine and $380 million in ETF net inflows have been reported, with total assets reaching $27.66 billion. Additionally, the Fusaka upgrade, now live on the Hoodi testnet and scheduled for mainnet activation on December 3, promises to enhance scalability, reduce gas fees, and enable parallel execution. Whale activity peaked on October 29, marking a three-week high in large transactions, according to Santiment.