In Brief
- Whales bought and withdrew over $72M in ETH, showing strong accumulation signals.
- Ethereum ETFs added $1.29B last week, led by BlackRock’s $691.7M inflow.
- Analysts target $6,800–$7,331 as ETH forms bullish flag and consolidates above $4K.
Ethereum (ETH) continues to show strong accumulation trends as large investors increase their holdings across major exchanges and derivatives platforms. According to Lookonchain, whales deposited and withdrew over $72 million in ETH transactions within 24 hours, signalling heightened institutional participation.
Wallet 0xd65F deposited $33 million USDC into Hyperliquid and bought 7,311 ETH at $4,514, while 0xa312 withdrew 8,695 ETH worth $39.5 million from Binance at $4,543. These significant transactions reflect growing confidence in Ethereum’s short-term strength despite broader market volatility.
Meanwhile, TedPillows reported that Ethereum ETFs purchased $1.29 billion worth of ETH last week, led by BlackRock with $691.7 million in inflows. This accounted for over 53% of total ETF purchases, while issuers such as Fidelity, Bitwise, and VanEck also contributed notable inflows.
The consistent accumulation across ETFs highlights rising institutional demand and reinforces Ethereum’s price stability near the $4,500 level. Analysts believe that sustained ETF inflows could help Ethereum close the remaining 8.2% gap from its all-time high in the coming sessions.
Technical Patterns and Analyst Projections Signal Further Upside Potential
Technical analysts remain optimistic about Ethereum’s market structure following a breakout above the $4,000 resistance level after 1,146 days of consolidation. According to Mags, Ethereum is now consolidating above this zone and could target $7,331, which aligns with the 1.618 Fibonacci extension level.
Additionally, Mister Crypto identifies a bull flag pattern on Ethereum’s chart, suggesting bullish continuation after recent consolidation between $4,000 and $4,200. A breakout from this setup could push prices toward $6,800, marking new multi-year highs if volume confirms.
Further market insight from TedPillows indicates that Ethereum-linked treasury stocks such as Bit Digital (BTBT), Dynamix (DYAI), and SharpLink Gaming (SBET) are stabilising. He notes that potential recovery in these equities may lead to greater spot ETH demand, strengthening the rally’s foundation.
With both whales and institutions increasing exposure, Ethereum remains positioned for continued bullish momentum. A sustained breakout above $4,700 could confirm the next major uptrend phase in the ongoing crypto market cycle.
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Source: https://coincu.com/uncategorized/eth-price-could-see-a-boost-this-week/