Several major cryptocurrency holders have significantly increased their Ethereum (ETH) positions amid a strong price rally. SharpLink Gaming ($SBET) acquired $66.63 million worth of ETH, adding 18,680 ETH to hold a total of approximately 498,884 ETH valued at $1.8 billion. Tom Lee's BitMNR treasury now holds 883,100 ETH, worth about $3.08 billion, making it the largest ETH treasury globally. The Ether Machine increased its holdings by $40 million, bringing its total to over 345,000 ETH, valued at $1.28 billion. GSQ Holdings also purchased $10 million in ETH. Overall, on a single Monday, more than 221,500 ETH were acquired by these entities, totaling roughly $866 million in purchases. Ethereum's price has rebounded above $3,700, with some market observers anticipating a potential rise to $4,000. The recent accumulation by whales and institutional players marks an aggressive on-chain buying trend, with ETH outperforming Bitcoin (BTC) during this period. New wallets have added 63,837 ETH through FalconX and Galaxy OTC channels, contributing $236 million in fresh ETH inflows. This surge in demand has driven Ethereum's price action upward, with speculation about an all-time high within the month.