Ethereum whales, spearheaded by Bitmine, have accumulated 252,441 ETH over the past three days, increasing their holdings to approximately 2.2 million ETH, valued at around $8.84 billion. This accumulation comes in stark contrast to the $795.56 million in outflows from Ethereum ETFs this week, which have reduced the total assets under management to approximately $26 billion. Analysts are observing the situation closely, noting that if the $4,000 support level holds and whale buying persists, it could potentially lead to a renewed rally for Ethereum in the fourth quarter.