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Why is Ethereum (ETH) price up today?

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Ethereum price just had its second-best day of 2024, with an uptick of 14.5% on Aug. 8, as big wallets accumulated ETH.

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bitcoin
Bitcoin (BTC) $ 91,486.51
ethereum
Ethereum (ETH) $ 3,033.78
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 895.72
xrp
XRP (XRP) $ 2.20
solana
Solana (SOL) $ 138.52
dogecoin
Dogecoin (DOGE) $ 0.149554
chainlink
Chainlink (LINK) $ 13.26
shiba-inu
Shiba Inu (SHIB) $ 0.000009
nexo
NEXO (NEXO) $ 0.953698
enjincoin
Enjin Coin (ENJ) $ 0.032067
cardano
Cardano (ADA) $ 0.42342