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.
Source: https://www.thecoinrepublic.com/2025/06/15/1490000-ethereum-in-30-days-can-eth-whales-drive-price-to-3000/