Crypto investors with deep pockets are reportedly accumulating Ethereum (ETH), leading market intelligence firm Santiment to suggest that a market rally could be on the horizon. Santiment notes that the activity level of ETH whales has reached a six-week high, indicating a potential accumulation of the altcoin by major stakeholders. While this does not guarantee an immediate price bounce, it is seen as an encouraging sign. Furthermore, Santiment’s chart reveals that on October 24th, the highest number of new ETH wallets were created since September 5th. The firm also highlights increased fear, doubt, and uncertainty (FUD) and attention towards memecoins as catalysts for a potential market rally in the next few days. Santiment suggests that if market performance remains lackluster leading into the weekend, sentiment could shift to reflect FUD, potentially resulting in a market bounce. At the time of writing, Ethereum is trading at $2,498, representing a 1.9% increase over the past 24 hours.