Crypto Journalist
Amin Ayan
Crypto Journalist
Amin Ayan
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Ethereum is seeing its most aggressive whale accumulation in seven years, raising speculations about what comes next for the world’s second-largest cryptocurrency.
Key Takeaways:
- Ethereum whale wallets added over 871,000 ETH in a single day, marking the highest inflow of 2025.
- Whale accumulation has reversed a months-long downtrend, signaling renewed long-term confidence.
- Despite price stability, sharp wallet-level accumulation hints at positioning ahead of major catalysts.
According to data from Glassnode, wallets holding between 1,000 and 10,000 ETH added more than 871,000 ETH in a single day on June 12, marking the highest daily net inflow year-to-date.
Over the past week, daily accumulation has consistently topped 800,000 ETH, pushing the total held by these wallets to over 14.3 million ETH.
This level of coordinated accumulation by large holders suggests renewed conviction in Ethereum’s long-term outlook.
Ethereum Whale Accumulation Picks Up
The move also coincides with a sharp rise in ETH supply held by whales, reversing a multi-month downtrend visible earlier in the year.
While the ETH price has remained relatively stable in recent days, the underlying wallet behavior indicates that institutions or high-net-worth investors are actively positioning ahead of potential catalysts.
These could include Ethereum ecosystem upgrades, growing real-world asset tokenization, or broader macro shifts favoring crypto as an asset class.
Glassnode’s chart shows a clear breakout in whale positioning, highlighting a sharp divergence between stagnant price action and aggressive wallet-level buying.
Historically, similar behavior preceded significant upward price movements.
As reported, Ethereum Name Service (ENS) saw a 313.5% rise in whale transactions during the second week of July, while Ethereum-based lending protocols recorded a 203.8% increase.
Activity on Layer 2 networks also picked up, with USDC transfers on Arbitrum and Optimism showing triple-digit growth.
Elsewhere, Ethereum-linked corporate strategies faced turbulence. Shares of SharpLink Gaming plunged 73% in after-hours trading after the company filed to register a large number of shares for potential resale.
The move came just weeks after the firm announced plans to allocate up to $1 billion in proceeds toward ETH purchases.
ETH Faces Short-Term Weakness
Ethereum is currently trading around $2,548 after multiple failed attempts to break above the $2,700 resistance zone.
Despite bullish on-chain signals, most notably record-breaking whale accumulation, the short-term technical outlook remains mixed.
On the 2-hour chart, price action shows tight consolidation within Bollinger Bands, with ETH fluctuating between $2,522 and $2,671.
RSI is neutral around 54, indicating no strong directional bias, while MACD has crossed slightly into negative territory, hinting at fading bullish momentum.
Zooming into the 30-minute chart, ETH appears under short-term selling pressure. RSI has dropped to 36, and MACD is deeply bearish at -12.55, signaling a potential further pullback if $2,540 fails to hold.
Bollinger Bands are beginning to compress, suggesting reduced volatility but also warning of a potential breakout.
On the 1-minute chart, ETH is locked in a tight intraday range between $2,546 and $2,560. RSI and MACD both indicate weak momentum, with RSI hovering in the mid-30s and MACD crossing below the signal line.
While long-term accumulation by whales adds bullish weight to Ethereum’s macro setup, the current price structure points to a cautious short-term outlook. A break above $2,600 is needed to reignite upside momentum.
