Ethereum’s Breakout: Whales and New Investors Fuel Price Surge

Ethereum is showing strong signs of breaking free from its consolidation phase, driven by heightened interest from both retail investors and large holders, commonly referred to as 'whales.' Recent data highlights a significant surge in new wallet creations, with weekly figures jumping from 800,000 in mid-May to 1 million—far surpassing last year's range of 560,000 to 670,000. This uptick in activity signals growing confidence in ETH's near-term potential, as more investors flock to the network. The accumulation by whales further underscores the bullish sentiment surrounding Ethereum, suggesting a possible price breakout in the NEAR future. As of June 2025, the market is closely watching these developments, anticipating a sustained upward trajectory for Ethereum.

Whales And New Investors To Drive Ethereum Price’s Escape From Consolidation

Ethereum's market trajectory shows signs of breaking free from its consolidation phase, fueled by robust investor interest and whale accumulation. The network has witnessed a surge in new wallet creation, with weekly figures climbing from 800,000 in mid-May to 1 million—far exceeding last year's 560,000–670,000 range. This influx underscores growing retail conviction in ETH's near-term upside potential.

Whale activity paints an even more compelling picture. Addresses holding 1,000–10,000 ETH now control 14.3 million tokens (18.6% of circulating supply), their accelerating accumulation signaling institutional-grade confidence. Such concentration often precedes bullish momentum, as large holders typically exhibit superior market timing.

Technical indicators align with fundamental strength. The sustained network growth and supply redistribution create fertile ground for price discovery. While resistance levels remain, the confluence of retail participation and strategic accumulation suggests ethereum may soon test higher valuation thresholds.

BlackRock's $750M Ethereum Accumulation Signals Institutional Confidence

Ethereum is attracting unprecedented institutional interest as BlackRock acquires over $750 million worth of ETH in June without divesting any holdings. The asset manager's sustained accumulation suggests deepening conviction in Ethereum's long-term value proposition.

Market observers interpret this MOVE as a potential inflection point for ETH, with 2025 price projections gaining bullish momentum. The absence of profit-taking behavior from a traditionally conservative institution underscores Ethereum's maturation beyond speculative asset status.

Ethereum Price Prediction: Is ETH Repeating Its 2017 Breakout Pattern – But Bigger?

Ethereum's price action is drawing striking parallels to its 2017 bull run, with analysts identifying a near-identical technical setup. The leading altcoin has been range-bound for months, consolidating below the 50-week SMA—a pattern mirroring the pre-breakout phase of its historic rally seven years ago.

Market volatility appears to be compressing ahead of a potential explosive move. Fed Chair Jerome Powell's recent comments affirming the U.S. economy's "solid position" could catalyze risk appetite, with anticipated July rate cuts potentially serving as the trigger for Ethereum's next leg up.

Technical analyst Merlijn highlights the uncanny resemblance between current price structures and the 2017 blueprint. The 2025 chart shows ETH testing the 50 SMA after prolonged downward pressure, replicating the consolidation phase that preceded its parabolic ascent. History suggests this coiling action often precedes significant breakouts.

Ethereum Faces Selling Pressure Amid Geopolitical Tensions

Ether dipped toward $2,400 before stabilizing near $2,420 as Middle East conflicts continued to weigh on crypto markets. The asset has seen four consecutive days of exchange inflows totaling 285,000 ETH, signaling persistent selling pressure.

Despite short-term headwinds, structural demand for ETH remains intact. The cryptocurrency approaches a critical technical juncture as it nears the apex of a symmetrical triangle pattern—a formation that typically precedes volatile breakouts.

Futures markets mirrored the bearish sentiment with a 720,000 ETH surge in open interest, though price declines following the OI increase suggest traders may be positioning for further downside.

Ethereum Network Growth and Whale Activity Signal Potential Breakout

Ethereum's network fundamentals are showing signs of strength, with weekly address creation surging to 800,000–1 million since mid-May, up from 560,000–670,000 a year ago. This uptick in user participation, coupled with stable price action near $2,500, suggests deepening utility adoption and long-term valuation support.

Whale activity has sharply reversed, with large holder netflows spiking 7,400% over the past week after prolonged distribution. The renewed accumulation aligns with steady price support, hinting at strategic positioning. Should this trend continue, a supply crunch could emerge, potentially fueling a breakout above the $2,833 resistance level.

CoinMarketCap Hacked, Scrambles to Remove Malicious Wallet Verification Popup

CoinMarketCap faced a security breach on Friday as a fraudulent popup appeared on its website, prompting users to verify their wallets. The incident raised immediate phishing concerns, with wallet providers like MetaMask and Phantom flagging the site as unsafe.

The malicious popup urged users to connect their wallets and approve ERC-20 token access, a tactic commonly employed in phishing attacks. CoinMarketCap confirmed the removal of the code in a post on X, stating an ongoing investigation and enhanced security measures.

This breach revives scrutiny over CoinMarketCap's security protocols, nearly four years after a significant data leak. The crypto community remains vigilant as platforms grapple with escalating cyber threats.