Ethereum Primed for Breakout as Institutional Wallets Load Up

Whales are circling—and this time, they're wearing suits. Ethereum's price chart is coiled like a spring as institutional wallets quietly accumulate ETH. Forget moonboys yelling on Twitter—these moves scream cold, calculated conviction.

Smart money doesn't throw darts. When hedge funds and family offices start stacking ETH, they're betting on infrastructure, not memes. The real question? Whether retail traders will wake up before the breakout—or spend July chasing the rally.

Wall Street's playing crypto again. Just don't expect them to admit it at the next shareholder meeting.

TLDR

• Ethereum price is gaining strength as institutional capital rotates out of Bitcoin and into ETH.
• BlackRock increased its Ethereum holdings by 100,000 tokens while reducing its Bitcoin exposure by 4,000 tokens.
• Galaxy Digital completed a $283 million over-the-counter Ethereum purchase indicating high conviction.
• Ethereum ETF inflows reached $5 billion in one month showing strong demand despite recent market volatility.
• On-chain data confirms a Wyckoff Reaccumulation pattern with Ethereum price aiming for a breakout above $4,801.

Ethereum price gained strong upside momentum as capital rotated out of Bitcoin and into Ethereum across multiple institutional portfolios. This change in allocation comes amid signs of growing ETH conviction, supported by rising ETF inflows and on-chain accumulation. As ethereum price stabilizes above key technical levels, its market outlook strengthens with growing support from asset managers and OTC whales.

Ethereum Price Strengthens Amid Capital Rotation

BlackRock sharply increased its ETH exposure within 24 hours, pushing its Ethereum holdings from 1.3 million to 1.4 million tokens. In contrast, its Bitcoin holdings declined from 665,000 to 661,000 tokens, marking a notable capital rotation. With Ethereum price at $2,600 and Bitcoin at $105,000, this move reflects a $260 million ETH stake addition and a $420 million BTC reduction.

This shift highlights Ethereum’s appeal due to its relatively lower entry point and growing ecosystem strength versus Bitcoin’s current high valuation. The rotation aligns with Ethereum’s improving network fundamentals, drawing attention from major funds adjusting their asset allocations. The increase in ETH holdings shows strategic preference, especially as the ethereum price remains below prior cycle highs.

BlackRock’s rebalancing comes amid an evolving institutional narrative favoring Ethereum’s flexibility and upgrade potential. Traditional finance’s large positions in ETH indicate confidence in long-term network value. With Ethereum’s price positioned for recovery, such moves confirm its bullish bias in capital markets.

OTC Whale Activity Signals High-Conviction Ethereum Accumulation

Galaxy Digital executed a major OTC acquisition involving 108,278 ETH worth $283 million in a recent transaction. Before this, the firm’s wallet withdrew 89,000 ETH ($233.5 million) from exchanges, reflecting preparation for the large transfer. The receiving wallet, “0x0b26,” now holds $365 million in Ethereum, underscoring continued accumulation.

These high-volume ETH purchases reduce sell-side liquidity and contribute to positive Ethereum price pressure on spot markets. Such accumulation by OTC desks reduces short-term volatility and supports long-term holding structures. As whales increase exposure, the Ethereum price benefits from sustained demand and decreased circulation.

Blockchain data from Lookonchain confirms that institutional wallets are taking direct custody of large amounts of ETH. This MOVE implies expectations of future price appreciation as the asset enters its expansion cycle. With Ethereum’s price climbing, these positions reflect strategic plays backed by extensive research and risk management.

It seems that a whale/institution bought 108,278 $ETH($283M) through OTC.

Galaxy Digital OTC wallet withdrew 89,000 $ETH($233.5M) from exchanges in the past 12 hours, and then transferred 108,278 $ETH($283M) to the whale/institution wallet 0x0b26.

Wallet 0x0b26 currently holds… pic.twitter.com/BgqiLH2xlH

— Lookonchain (@lookonchain) June 4, 2025

ETF Inflows and Technical Setup Reinforce Bullish Outlook

Ethereum spot ETFs recorded a sharp rise in inflows, pointing to widespread attention on ETH’s long-term market potential. One-month data from Artemis shows $5 billion in inflows against $4.1 billion in outflows, yielding $852 million in net positive flows. This supports the view that new buyers are absorbing market sell pressure.

Ethereum price has recently followed a Wyckoff Reaccumulation pattern, suggesting a shift from distribution to expansion. The pattern indicates a confirmed “spring” phase after ETH reclaimed support at $2,190 in May. Current price action hovers NEAR the Last Point of Support (LPS), which typically precedes a bullish breakout.

$ETH – #Ethereum is in a wyckoff reaccumulation. Patience is key overhere. pic.twitter.com/qNe31kU0MZ

— crypto Caesar (@CryptoCaesarTA) June 3, 2025

If Ethereum breaks above the range high of $4,801, the price may enter a discovery phase, continuing its bullish structure. A follow-up retest WOULD validate strength and attract more capital to the market. Ethereum price, currently trading between $2,190 and $4,081, remains technically positioned for upward continuation.