An unidentified institutional entity has purchased 221,166 ETH worth approximately $946 million over the past week, amid a 21% increase in Ether’s price. This significant buying spree included $212 million in purchases within the last 24 hours. The buyer is utilizing six different wallets and has acquired Ether from notable firms such as Galaxy Digital, FalconX, and BitGo. The heightened activity comes as the number of Ether addresses holding over 10,000 ETH reached its highest level in a year, indicating growing interest in the asset. Ethereum's market capitalization has now surpassed that of Mastercard, reaching $523 billion, with Ether currently trading at $4,332. In addition, publicly traded companies have accumulated over $1.3 billion worth of ETH in the past week, with BitMine Immersion Technologies leading the acquisitions. Despite bullish sentiment from analysts predicting potential highs of $20,000, some industry experts warn of possible market risks, emphasizing cautious investment strategies.

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