According to Lookonchain, major Ethereum whales have been actively accumulating ETH over the past two hours, with wallet 0xDdb4 borrowing 3.44 million USDC from Aave to purchase 1,856 ETH, and wallet 0xf84d borrowing 1.64 million USDC to buy 1,259 ETH for a total outlay of 2.34 million USDC. Additionally, a newly created wallet, 0x69D0, withdrew 2,250 ETH, valued at $4.12 million, from an exchange. These significant on-chain transactions indicate a strong bullish sentiment among large holders, potentially impacting short-term price momentum and liquidity for ETH. Traders should watch for increased volatility and potential upward price movements as whale activity drives market dynamics. Source: Lookonchain (Twitter, May 1, 2025).