Ethereum Price Rally to $3,000 Gains Momentum as ConsenSys Aggressively Accumulates ETH

In a significant development for the Ethereum market, ConsenSys, the blockchain firm founded by Joseph Lubin, has reportedly been aggressively accumulating ETH. According to on-chain data from Lookonchain, an affiliated wallet purchased 3,704 ETH worth $8.9 million via Galaxy Digital's OTC desk. This transaction is part of a larger three-week buying spree totaling 161,112 ETH, equivalent to $422 million. The substantial accumulation by ConsenSys has sparked Optimism among investors, with many anticipating a potential price rally for Ethereum, possibly reaching $3,000. Arkham Intelligence has traced frequent transfers from the accumulating wallet to another holding, further highlighting the firm's bullish stance on ETH. As of June 24, 2025, the market is closely watching these developments, which could signal a strong upward trajectory for Ethereum in the near future.

ConsenSys Reportedly Buys $422 Million in ETH, Ethereum Price Rally to $3,000 in Sight

Joseph Lubin's blockchain firm ConsenSys appears to be aggressively accumulating Ethereum, with an affiliated wallet purchasing 3,704 ETH worth $8.9 million via Galaxy Digital's OTC desk. This follows a three-week buying spree totaling 161,112 ETH ($422 million), according to on-chain data from Lookonchain.

Arkham Intelligence traces frequent transfers from the accumulating wallet to another holding $187 million in Liquid Staked ETH (LsETH), though the ConsenSys connection remains unconfirmed. The accumulation coincides with whale activity as ethereum tests the $2,200 support level, including a 28,000 ETH ($67 million) withdrawal from Binance.

Market observers interpret these moves as institutional positioning for long-term holdings, potentially fueling speculation of an ETH price rally toward $3,000. The OTC nature of transactions suggests deliberate accumulation avoiding market impact.

Ethereum Skyrockets: Whale Accumulation and Network Growth Fuel Rally

Ethereum surged 9% to $2,434 amid easing Middle East tensions following a U.S.-brokered ceasefire announcement. The altcoin's rally reflects renewed risk appetite across crypto markets.

Whale activity underpins ETH's momentum. Over $265 million was accumulated during recent dips, including a single 47,070 ETH ($113M) purchase. This aggressive positioning suggests institutional confidence despite broader market anxiety.

Network metrics reinforce bullish fundamentals. Ethereum adds approximately one million new addresses weekly—a 50% year-over-year increase. Such organic growth signals enduring ecosystem strength beyond speculative trading.

Spot Ethereum ETFs Surpass $4 Billion in Net Inflows Despite Challenges

Spot Ethereum Exchange Traded Funds (ETFs) in the US market have achieved a significant milestone, surpassing $4 billion in cumulative net inflows as of June 24th. This comes eleven months after their launch, with Fidelity’s FETH fund leading the charge at $60.5 million in daily inflows. BlackRock’s ETHA fund followed with $25.8 million, while Grayscale’s ETHE and ETH products attracted $9 million and $5.4 million, respectively.

The $4.3 billion net outflows from Grayscale’s higher-fee ETHE fund since its conversion have tempered the overall figure. Without these outflows, cumulative inflows WOULD stand at $8.3 billion. ETF Store President Nate Geraci noted the success of Ethereum ETFs, stating, "Spot Ethereum ETFs have surpassed $4 billion in cumulative inflows since their launch. Including ETHE’s $4.3 billion outflows, it seems quite successful to me."

Grayscale’s market share has declined sharply from 89.7% at debut to 30.2%, with some assets shifting to its smaller funds. The resilience of Ethereum ETFs amid geopolitical tensions underscores growing institutional confidence in digital assets.

Ethereum Developer Proposes Cutting Block Time by 50% in Groundbreaking EIP

Ethereum developer Barnabé Monnot has unveiled EIP-7782, a protocol upgrade proposal that would slash block times from 12 seconds to 6 seconds. Dubbed the Glamsterdam upgrade, this 2026-targeted improvement builds upon the Fusaka enhancement and incorporates Verkle trees for greater efficiency.

The technical overhaul reduces block proposal subslots by 1 second while cutting attestation and aggregation subslots from 4 seconds to 1.5 seconds each. These changes promise faster transaction confirmations and potentially tighter arbitrage windows, though they may require significant network adjustments.

Market observers note the proposal could further cement Ethereum's dominance in smart contract platforms, coming alongside reports of institutional accumulation. "Speed improvements always precede major adoption waves," remarked one blockchain engineer, recalling similar optimizations during previous bull markets.