This scenario has the potential to draw the attention of additional investors who may be uncertain, ultimately resulting in a surge of buying activity. It was not solely the larger investors displaying a keen interest in Ethereum; there was also a noticeable uptick in demand from individual investors for the cryptocurrency. A thorough examination conducted by Santiment, a crypto analytics company, revealed that addresses holding between 0.001 and 1 ETH began accumulating substantial quantities of the digital asset.