Ethereum Shatters Resistance: Bull Run Accelerates in June 2025

Ethereum's price just punched through key resistance levels—and traders are scrambling to front-run the next leg up.

The breakout playbook: ETH's chart now mirrors its 2021 bull market structure, with one glaring difference: institutional money's actually flowing this time (surprise, Wall Street finally read the whitepaper).

Liquidity tsunami: Spot ETH ETF volumes hit $1.8B on day one—because nothing screams 'sound investment' like FOMO-ing into a derivatives product tracking a volatile asset.

This isn't just technicals. The Merge's deflationary mechanics are finally overpowering crypto's favorite force: maximalist hopium.

Bears clinging to 'overbought' RSI readings might as well be shorting Amazon in 1999. The trend's your friend... until the Fed flips the liquidity switch.

Whale Accumulation Hits Multi-Year Highs

According to Glassnode data shared by market analyst Quinten, a massive buying spree unfolded at the end of June. Wallets holding between 1,000 and 10,000 ETH collectively accumulated nearly 1 million ETH in a single day. This is the largest accumulation of Ethereum by whale wallets since 2018.

These purchases came as Ethereum’s price hovered below the $2,500 level—a range that has repeatedly served as a macro bottom in previous market cycles. In total, the net holdings of these large wallets ROSE to 14.2 million ETH, reflecting growing confidence among deep-pocketed investors.

The timing of these buys is notable. Historically, each time Ethereum has retested the $1,550 to $2,500 zone, it has been followed by a strong upward price movement. This price band acted as a springboard for rallies in 2017, 2019, 2020, and 2021.

Dormant Wallets Come to Life

Adding further weight to the recent whale activity, one previously inactive wallet reportedly came out of hibernation after being dormant for over a year. According to blockchain data, this address withdrew 1,051 ETH—worth approximately $2.58 million at the time—from Binance to a cold wallet.

While such moves are common among long-term holders aiming to secure their assets, the scale and timing of this withdrawal have caught analysts’ attention. It appears to be part of a broader trend of accumulation that may be setting Ethereum up for a significant rally—provided other market conditions align.

Ethereum Staking Hits New All-Time High

Another key development in Ethereum’s on-chain data is the surge in staking. On June 25, the percentage of ETH staked reached a record 29.02%. This means nearly one-third of the total Ethereum supply is now locked up in staking contracts, reducing the liquid supply available for trading.

This trend has important implications for market dynamics. Staked ETH becomes temporarily illiquid, meaning it cannot be sold on the open market. As more ETH is taken out of circulation, the supply available for trading shrinks, potentially applying upward pressure on prices during periods of rising demand.

The combination of whale accumulation and growing staking participation paints a bullish picture. It signals that both long-term holders and validators believe in Ethereum’s prospects and are positioning accordingly.

Technical Outlook: Is $5,000 Next?

Technically speaking, Ethereum is once again entering a historically important range. The $1,550–$2,500 zone has repeatedly acted as a foundational support area during past bull cycles. When ETH enters this range from above, it tends to rebound quickly. When it descends into it from higher levels, it often finds support before rallying again.

As of the latest data, ETH is trading NEAR $2,459—close to the upper edge of this crucial zone. If it can break convincingly above $2,575 and maintain momentum, analysts believe the next target could be between $4,000 and $5,000.

However, the path forward isn’t guaranteed. If Ethereum fails to hold the $2,500 zone, a decline back toward the $1,700–$1,800 region remains a possibility. This makes the $2,460–$2,750 band a critical area to watch in the coming days and weeks.

Price Setup Is Promising, But Confirmation Needed

While the on-chain and technical signals are encouraging, traders remain cautious. A breakout will require strong volume and broader market confirmation. So far, Bitcoin’s movements continue to influence overall sentiment in the crypto sector, and Ethereum has yet to decouple decisively.

Still, historical patterns suggest that Ethereum could be setting up for a major run. In previous cycles, ETH has often surged after retesting its macro support zone, and the signs are lining up once again.

As institutions, validators, and whales all align behind Ethereum, retail investors may want to keep a close eye on the current setup. With nearly 1 million ETH accumulated in a day, and staking activity at record levels, the case for a bullish breakout is building. The question now is whether the market will follow through.