🚀 Ethereum Soars to $2,262 as Institutions Dump $113M into ETH – Bull Run Confirmed?

Ethereum just punched through $2,262 like a hot knife through institutional FUD—while whales quietly stacked $113M worth of ETH. Are the suits finally waking up to crypto’s alpha, or just hedging against their own legacy system’s collapse?

The Institutional Stampede: Money talks, and right now it’s screaming ‘ETH’ through a megaphone. $113M in fresh inflows suggests even the most skeptical fund managers are tired of watching from the sidelines.

Price Action Breakdown: That $2,262 isn’t just a number—it’s a psychological battleground. Breakthrough holds, and we’re eyeing 2021’s ATH. Rejection? Cue the ‘overbought’ tweets from analysts who missed the boat.

Cynical Finance Jab: Meanwhile, traditional finance is still trying to tokenize real estate on private blockchains—congrats on building slower databases with extra steps.

Bottom line: The ETH train’s leaving the station. Your move, ‘prudent investors.’

In the past week, when the Iran-Israel conflict was at its peak, the recent US attack on Iranian nuclear sites, followed by a lethal warning, spooked investors’ confidence.

As a result, the ethereum price fell 17% after 45 days of consolidation above the 200-day EMA.. It has retested the $2200 support zone in the last three days of June’s third week’s weekend.

Despite the significant fall in price, the on-chain data speaks differently as the usage and engagement have surprisingly increased in ETH.

Moreover, the recent WSJ shared another bullish news per an analyst claim, that Israel plans to end its war with Iran soon. A big relief rally could be seen if the short-term war ends.Keep reading to know more.

7-D Top Net Flows Exploding In Ethereum

A recent post from a prominent investor and expert, Ted Pillows, reveals that ethereum net flows far exceeded $1.4 billion last week, while others have much smaller net flows. This indicates that Ethereum usage is increasing despite the current events.

ONCHAIN DATA DOESN’T LIE – $ETH IS MOVING

BIG MOVE INCOMING. JUST HOLD.pic.twitter.com/0EfOHGozEb

Similarly, the number of unique addresses showing engagement with other chains in the Ethereum ecosystem has exploded. This means ETH crypto is moving, As whales and institutions are accumulating at lows, and a big move is likely.

Investors Feel Race Against Time To Load Their Bags With ETH

On the 23rd, Spot On Chain reported via X that “an anonymous institution bought 47,070 Ethereum with USDC (approximately $113 million) over the past three days.” The average purchase price for this transaction was $2,400, which is done to buy at a discount.

This institution has used up $112.96M $USDC to buy 47,070 $ETH at an avg. price of $2,400 during the recent 3-day market dip!

In total, it spent $333.78M to acquire 132,535 $ETH (avg. price: $2,518) via OTC deals with #Wintermute and #Coinbase over the past 11 days, now facing a… https://t.co/qwIx0BEbOi pic.twitter.com/naNp57UqWJ

Another USDC involvement was seen in the purchase of ETH, as Lookonchain mentioned that a newcomer gambler had deposited 4.28 Million USD into hyper liquid and had opened a 25x leverage long on Ethereum.

• Also Read :
•   Crypto Crash Isn’t End — It’s a Reset! Here’s How To Recover Crypto Losses
•   ,

All sorts of market participants, whales or just traders, are racing to make big gains while the ETH is at discount prices.

In a recent post, Ted Pillows also highlighted the fact that ETH whales, in total, have bought Ethereum crypto for over $265 million during the weekend dip.

$ETH whales bought up over $265,300,000 Ethereum during the price dip on June 21. pic.twitter.com/YcUg5Cv4lh

Additionally, he mentioned in another post that smart money has bought aggressively in the past week, with $40 million plus ETH ETF inflows seen last week. Where most active, as usual, was Blackrock’s product “ETHA.”

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQs

Ethereum’s price is down today, June 23, 2025, primarily due to broader crypto market volatility triggered by escalating geopolitical tensions from the Israel-Iran conflict, and profit-taking by some investors.

Yes, on-chain data shows significant institutional accumulation. An anonymous institution bought 47,070 ETH for $113 million, and whales collectively purchased over $265 million worth during the recent weekend dip.

Analysts suggest that if the short-term Israel-Iran conflict ends soon, a “big relief rally” could be seen in the crypto market, potentially boosting Ethereum’s price.