Why Did Ethereum (ETH) Price Rise? - 07.08.2025

With a 6.67% increase over the past 24 hours, Ethereum (ETH) stands out as one of the top-performing assets of the day.

In recent hours, two large Ethereum transfers have reignited whale activity discussions. According to the data, two wallets—one potentially linked to SharpLink Gaming—withdrew a combined total of 8,631 ETH (approximately $32 million) from exchanges. This surge in whale accumulation may have contributed to ETH’s recent price increase.