Ethereum is experiencing a significant surge in whale accumulation, the most substantial seen in seven years, raising questions about the future trajectory of the second-largest cryptocurrency.
Key Insights:
- Whale wallets amassed over 871,000 ETH in a single day, marking the highest inflow recorded so far this year.
- This consolidation of assets by large holders has reversed a prolonged downtrend, indicating renewed confidence in Ethereum’s long-term potential.
- While prices have remained stable, the substantial accumulation at the wallet level suggests positioning ahead of anticipated major developments.
According to Glassnode data, ether wallets containing between 1,000 and 10,000 ETH reported an influx of more than 871,000 ETH on June 12, marking a record daily net inflow for 2025.
Daily accumulation rates have consistently surpassed 800,000 ETH over the past week, leading to a total of more than 14.3 million ETH held within these wallets. This heightened activity from large holders points to renewed confidence in the outlook for Ethereum.
Surge in Ethereum Whale Accumulation
The spike in whale activity corresponds with a significant increase in the ETH supply owned by these large investors, reversing a multi-month decline observed earlier in the year.
Despite a relatively stable ETH price in recent days, the accumulation trends indicate that institutions or wealthy investors are strategically positioning themselves ahead of potential market catalysts.
These catalysts may include upgrades to the Ethereum ecosystem, an increase in the tokenization of real-world assets, or broader macroeconomic shifts that could benefit cryptocurrencies as an investment class.
Charts from Glassnode illustrate a notable divergence between stagnant price behavior and aggressive buying at the wallet level. Historically, similar accumulation patterns have often preceded significant price surges.
For nearly a week, daily whale accumulation has exceeded 800K #ETH, pushing holdings in 1k–10k wallets to >14.3M #ETH. On June 12 alone, #Ethereum whales have added over 871K $ETH – the highest daily net inflow YTD. This scale of buying hasn't been seen since 2017. pic.twitter.com/zCMj9HX6Ft
— glassnode (@glassnode) June 17, 2025
Additionally, Ethereum Name Service (ENS) recorded a 313.5% increase in whale transactions during the second week of July, while lending protocols built on Ethereum saw a 203.8% rise.
Activity on Layer 2 networks has also surged, with USDC transactions on Arbitrum and Optimism showing triple-digit growth.
Nonetheless, Ethereum-related corporate ventures have encountered challenges. For instance, shares of SharpLink Gaming plummeted 73% in after-hours trading following a registration filing for a significant volume of shares intended for potential resale. This move came shortly after the company announced plans to invest up to $1 billion in ETH acquisitions.
Ethereum’s Short-Term Outlook Shows Weakness
Ethereum is presently trading around $2,548 after multiple unsuccessful attempts to break through the $2,700 resistance level.
Even with bullish signals from on-chain data, particularly the record whale accumulation, the short-term technical outlook remains ambiguous.
Analyzing the 2-hour chart reveals tight consolidation within the Bollinger Bands, with price oscillating between $2,522 and $2,671.
The Relative Strength Index (RSI) is neutral at around 54, suggesting no significant directional trend, while the Moving Average Convergence Divergence (MACD) has slightly dipped into negative territory, indicating a waning bullish momentum.
Looking at the 30-minute chart, Ethereum faces short-term selling pressure, as indicated by an RSI drop to 36 and a bearish MACD at -12.55, suggesting a potential further pullback if the $2,540 level fails to hold.
The compression of Bollinger Bands signals reduced volatility but could indicate an impending price breakout.
On the 1-minute chart, Ethereum is moving within a narrow intraday range between $2,546 and $2,560. Both the RSI and MACD reflect weak momentum, with RSI lingering in the mid-30s and MACD dipping below the signal line.
While the long-term accumulation by whales lends bullish credence to Ethereum’s macroeconomic landscape, the current price structure suggests a cautious approach in the short term. A decisive move above $2,600 is essential to reinvigorate upward momentum.
The post Ethereum Whale Accumulation Hits 7-Year High with 871K ETH Surge — What’s Next for ETH Price? appeared first on Finance Newso.
