Ethereum’s Bullish Signals: Whale Accumulation and ETF Inflows Defy Price Stagnation
Despite Ethereum's price remaining stagnant at $2,520, significant whale activity and record ETF inflows suggest underlying bullish momentum. Whale wallets have been accumulating 800K ETH daily, with wallets holding 1K-10K ETH now possessing over 14.3 million ETH—the largest daily net inflow since 2017. Additionally, US spot ETH ETFs recorded $528 million in weekly inflows, marking their strongest performance since December 2024. This divergence highlights a potential accumulation phase by long-term investors, signaling confidence in Ethereum's future despite short-term bearish pressure.
Ethereum Faces Bearish Pressure Despite Whale Accumulation and Strong ETF Inflows
Ethereum's price stagnates at $2,520 despite significant whale activity and record ETF inflows. Whale wallets accumulated 800K ETH daily last week, with 1K-10K wallets now holding over 14.3 million ETH—the largest daily net inflow since 2017. Meanwhile, US spot ETH ETFs saw $528 million in weekly inflows, marking their strongest performance since December.
The divergence stems from investors employing delta-neutral strategies, leveraging both spot accumulation and short positions in futures markets. Over 35 million ETH (29% of supply) remains staked, creating competing pressures on price action. Technical resistance at the 200-day SMA has amplified bearish momentum, with ETH down 2% Wednesday.
Ethereum Price Tests Critical Support Amid Bearish Pressure
Ethereum faces mounting selling pressure as its price struggles to hold above the $2,500 support level. The second-largest cryptocurrency failed to breach resistance at $2,680, triggering a 9% decline that broke through multiple technical levels.
The breakdown below $2,540—marked by a breached bullish trendline on hourly charts—signals weakening momentum. Current consolidation NEAR $2,450 coincides with the 100-hour moving average acting as resistance, creating a precarious technical setup.
Market structure suggests potential for either continuation or reversal. A sustained hold above $2,500 could fuel recovery toward $2,565 (50% Fibonacci retracement) and $2,620 resistance. Conversely, failure to defend current levels risks accelerating declines toward the $2,300 zone.
Ethereum Whales Accumulate $2.5B in ETH, Signaling Potential Bull Run
Ethereum whales have executed their largest single-day accumulation since 2018, scooping up $2.5 billion worth of ETH last weekend. Glassnode data reveals a sharp spike in net position changes among holders controlling 1,000 to 10,000 ETH—a MOVE reminiscent of the 2017 accumulation pattern that preceded Ethereum's historic bull market.
The stealth accumulation occurred amidst declining retail activity, with whale supply surging past 14 million ETH after years of contraction. This divergence between institutional accumulation and retail hesitation often precedes significant price movements. Historical parallels suggest an impending breakout could mirror 2017's parabolic rally.
Institutional adoption accelerates as financial services firms and fintechs increasingly build on Ethereum's blockchain. The network recorded $45 million in net inflows last week, underscoring growing enterprise confidence. Market observers note similar whale activity in 2020 preceded ETH's 1,200% rally through 2021.
Early Bird Ethereum Investor Awakens: $620 Investment Becomes $5M
A dormant ethereum wallet from the 2014 ICO era has sprung to life, depositing 2,000 ETH—originally purchased for $0.31 each—onto Binance. The move could net the investor $5.2 million, marking an 8,270x return on a $620 initial outlay.
Blockchain tracker Lookonchain noted the wallet tested the waters with a 0.002 ETH transfer before executing bulk deposits. The timing coincides with ETH's 10% price drop amid Middle East tensions, erasing its recent 15-week high near $2,830.
Ethereum Staking Reaches Historic High Amid Market Volatility
Ethereum's staking mechanism has achieved a milestone, with over 35 million ETH now locked—the highest level in network history. This surge in staking activity unfolds against a backdrop of significant price swings, revealing a strategic shift among investors toward long-term participation rather than short-term trading.
Accumulation addresses, which hold ETH without selling history, have simultaneously peaked at 22.8 million ETH. The staking uptrend began in July 2024 at 33.25 million ETH and gained momentum through late 2024, reflecting growing confidence in Ethereum's proof-of-stake model despite market turbulence.
Meanwhile, ETH's price exhibited notable volatility, declining 3.74% recently amid heavy trading volume. The divergence between staking growth and price action suggests institutional players are prioritizing network participation over speculative moves.
BlackRock Expands Ethereum Holdings by 48% Amid Market Dip, Signaling Institutional Confidence
BlackRock, the world's largest asset manager, has increased its Ethereum holdings by $500 million during a recent 8% price correction, acquiring approximately 154,000 ETH for its spot exchange-traded funds. This strategic accumulation underscores institutional investors' growing appetite for digital assets during periods of market volatility.
The move comes as Ethereum tested critical support levels near $2,200, with BlackRock executives viewing the dip as an opportunity for long-term positioning. "We see short-term weakness as a strategic entry point," said CEO Larry Fink, reinforcing the firm's bullish stance on cryptocurrency adoption.
Market analysts interpret BlackRock's continued Ethereum accumulation as a vote of confidence in the asset's long-term valuation models. The purchase represents one of the largest single institutional crypto acquisitions this quarter, potentially signaling a broader trend of traditional finance embracing digital assets.