TLDR:
- Whale wallets added $2.5B in Ethereum on June 15, marking the largest buy since 2018.
- ETH holds above the 200-week MA, suggesting strong long-term support and buyer interest.
- Institutional inflows and record staking levels hint at rising confidence in Ethereum’s future.
- ETH consolidates between $2,350–$2,900 with traders eyeing a breakout toward $3,000
Ethereum has shown resilience despite broader market uncertainty, as a wave of whale buying pushes sentiment higher. ETH price has remained above key support near $2,400 even after recent geopolitical tensions.
Large-scale accumulation and rising network activity suggest growing investor confidence. Institutional interest and macroeconomic signals further point to possible price expansion. Analysts now monitor Ethereum’s consolidation as a potential springboard for a rally.
Whale Activity Signals Renewed Confidence in ETH
On June 15, Ethereum addresses holding between 1,000 and 10,000 ETH added $2.5 billion worth of tokens.
According to Crypto Patel, this marked the largest single-day accumulation by whales since 2018. The buying spree occurred while ETH held steady above $2,400, defying downward pressure from global risk events.
#Ethereum whales bought $2.5 Billion worth of $ETH on Sunday —
this is the biggest daily inflow since 2018!
Retweet if you're loading up! pic.twitter.com/DYzfUWK0YQ
— Crypto Patel (@CryptoPatel) June 16, 2025
This aligns with past trends where heavy whale inflows preceded notable rallies. The behavior suggests deep-pocketed players are positioning for long-term gains. As a result, ETH appears to have established a solid base in the $2,350–$2,400 range.
Technical analyst Nilesh Rohilla noted that ETH has remained volatile over the past five weeks, yet failed to close above $2,900. Despite that, the asset has continued to find support at the 200-week moving average.
He added that the market is currently in a consolidation phase, with ETH moving inside a defined price box. Rohilla pointed out that a bullish MACD crossover and growing histogram bars show increasing momentum. These indicators often appear ahead of breakout moves.
Ethereum Institutional Inflows and Staking Drive Demand
Rohilla also highlighted growing institutional involvement, particularly through ETH-based funds led by firms like BlackRock.
– Support: $2300
– Resistance: $2900
– MACD crossover bullish (highlighted in circle)
-… pic.twitter.com/BToc2m4NWY— Nilesh Rohilla (@nilesh_rohilla) June 16, 2025
This steady inflow suggests rising confidence from traditional finance players. Moreover, Ethereum staking reached record levels, which signals long-term holder commitment.
If the SEC approves an ETH ETF with staking features, analysts believe it could unlock stronger buying momentum. Combined with rising M2 liquidity, such developments could support upward movement in Ethereum’s price.
Rohilla suggested a range trading between $2,350 and $2,900 while the price remains in consolidation. For long-term investors, he recommended accumulating ETH as long as it stays above the 200-week moving average, setting targets at $4,100 and $10,000+ by Q1 2026.
Meanwhile, Web3 analyst Niels noted that ETH’s ability to hold above $2,400 during recent turmoil signals strength.
He added that the BTC/ETH ratio is trending down, indicating capital rotation into ETH. With multiple bullish factors converging, traders now watch for a potential breakout toward $3k.
The post Ethereum Whales Accumulate $2.5B in ETH as Price Holds Above $2.4K appeared first on Blockonomi.
Source: https://blockonomi.com/ethereum-whales-accumulate-2-5b-in-eth-as-price-holds-above-2-4k/