When the Ethereum price surged to a yearly peak of $4,092 in March 2024, it seemed poised for a sustained uptrend. However, following the deployment of the Dencun Upgrade on March 13, the market sentiment took a hit. Despite the subsequent sell-off by strategic traders and large stakeholders trying to navigate potential network disruptions, the Ethereum whales have stepped back in. Their renewed interest is evident in the acquisition of 860,000 ETH, valued at approximately $3.1 billion, over the last 10 days. This buying activity by whale investors, coupled with a dip of $1.3 billion in the short-term market supply of ETH, sets the stage for a positive trajectory in April 2024. The shift in sentiment among investors and the anticipation of a parabolic breakout above $4,000 signal a bullish start to the month for Ethereum. However, caution is advised as the price faces resistance at $3,700, a level that could invite profit-taking. Nevertheless, the overall market dynamics suggest a potential rally beyond the $4,000 mark in the near term.