Ethereum has jumped to $3,215, fueled by aggressive accumulation from “shark wallets” — wallets holding between 1,000 and 10,000 ETH. This class of investors has historically played a significant role in market direction, and their recent buying spree suggests growing confidence in Ethereum’s near-term potential.
According to data from Santiment, this rise in price is backed not just by speculative trading, but by strong on-chain fundamentals. The shark wallet activity indicates a strategic move by experienced holders who may be positioning for a larger market rally.
Ethereum Network Sees Explosive Wallet Growth
Adding to the bullish narrative, Ethereum’s network just saw one of its largest single-day growth spikes in 2025 — over 190,000 new wallets were created in 24 hours. This surge in new users points to renewed interest from retail investors and builders alike.
Such a sharp increase in wallet activity typically signals strong user engagement and increased adoption, especially when accompanied by price action. More wallets mean more interaction with dApps, staking, or simply holding ETH — all of which strengthen the Ethereum ecosystem.
UPDATE: Ethereum climbs to $3,215 on strong accumulation from shark wallets (1K-10K $ETH) with network growth hitting 190K new wallets in one day, per Santiment. pic.twitter.com/OGGaZVI1aa
— Cointelegraph (@Cointelegraph) December 4, 2025
Market Outlook Remains Positive
With accumulation from major players and new wallets flooding the network, Ethereum’s fundamentals are aligning with its technical uptrend. While short-term corrections may occur, the current data suggests a firm foundation for future growth.
Ethereum continues to lead the smart contract space, and recent upgrades combined with rising adoption may be setting the stage for a stronger bull run going into 2026.