1.49M Ethereum Gobbled Up in 30 Days – Will ETH Whales Smash the $3K Barrier?

Ethereum''s deep-pocketed investors are making waves again. A staggering 1.49 million ETH vanished from markets in just one month – but can this buying frenzy actually propel prices to $3,000?

The whale watch is on

When crypto''s big players move, markets tremble. This latest accumulation spree mirrors past rallies where concentrated buying pressure ignited parabolic moves. Yet skeptics whisper about coordinated pumps before inevitable dumps.

Liquidity vs. leverage

While the numbers look bullish on paper, today''s derivatives-heavy markets behave differently than 2021''s retail frenzy. Every whale purchase could be hedged by three institutional shorts – welcome to modern crypto ''liquidity''.

The $3K psychological battleground

Breaking this resistance would require either sustained spot demand or... let''s be honest, another Elon tweet. Meanwhile, traditional finance bros still can''t decide if they''re ''digital gold'' converts or just waiting to short the next rally.

Ethereum (ETH) has continued to fluctuate in the last 30 days, with a 0.97% decline in price within that time frame.

Despite this volatility, Ethereum whales are undeterred and have maintained a steady accumulation drive in the cryptocurrency market.

Ethereum Whales Accumulate 3.72% More as Retail Traders Sell

According to an update from Santiment, an on-chain analytics platform on X, ethereum whales have increased their collective holdings by 1.49 million ETH.

This spike in volume accumulated over the 30-day period represents a 3.72% increase and moves their entire market ownership up a notch.

As of this count, Ethereum whales hold 26.98% of the entire ecosystem’s supply and control over one-quarter of the total coin.

This suggests a notable shift of Ethereum ownership from small traders to large investors. This is a bullish signal as large holders are usually considered long-term owners.

The spike in the number of Ethereum (ETH) whales suggests confidence in ETH’s future outlook, as these whales are not quick to sell.

Interestingly, during the 30-day period under consideration, while whales were accumulating, retail traders were engaging in selloffs to take profits.

The accumulation pattern could indicate an upcoming price rebound and a repositioning by these whales ahead of anticipated market moves.

Institutional Inflows Support ETH Price Recovery

In a similar move, institutional investors have also been on an accumulation spree in the Ethereum exchange-traded fund market.

According to Farside Investors’ data, the Ethereum (ETH) ETF maintained a streak of inflows from May 27 to June 12, 2025. This streak was only broken on June 13 with an outflow of $2.1 million.

Notably, prior to that, the Ethereum ETF market registered positive movements. In the outgoing week, the cumulative inflow stood at $528.2 million over the five days.

This volume of inflow indicates that, like ETH whales, Ethereum ETF holders have been busy despite the coin’s general volatility.

This marks a shift in the Ethereum ETF space from when the coin’s price was below $2,000 and demand was low.

However, as The Coin Republic article predicted, strong ETF inflows and other market dynamics have supported a price recovery above the $2,500 level.

The current Ethereum ETF setup highlights strong institutional demand for the asset, which could spur ETH to retest the psychological $3,000 level.

Can Ethereum (ETH) Break $3,000?

As of this writing, the ETH price has risen by 1.08% to $2,535.07 in the last 24 hours. The coin rose from a low of $2,506.32 and peaked at $2,584.24 during earlier trading sessions.

However, it has experienced a slight correction, likely due to declining trading volume. Within the same period, volume crashed by a massive 54.14% to $18.15 billion.

Despite prevailing market volatility and downturn, analysts remain optimistic about further increases to $3,400.

Driven by whale accumulation and institutional adoption, some bullish forecasts peg Ethereum’s price within the $5,000 to $6,300 range in the short term.

Conversely, bearish scenarios indicate that Ethereum could drop to test the $2,000 level support.

If it breaches it, Ethereum (ETH) could plunge to between $1,600 and $1,900 under the most bearish conditions.

However, current technical indicators show bullish momentum. Major resistance is ahead at $3,000, while support lies at $2,400.