Ethereum whale activity at 6-year peak - Is $2,650 ETH's next stop?

Ethereum whale activity at 6-year peak – Is $2,650 ETH’s next stop?

2min Read

With inflows not seen since 2017 and Wall Street stepping in, Ethereum may be primed for more.

Posted: June 18, 2025

By: Samyukhtha L KM

Journalist

Edited By: Jacob Thomas

Ethereum whales added over 871K ETH in a day; largest single-day inflow since 2017
BlackRock’s $15.46M ETH buy fuels institutional confidence; ETH holds support near 200-day EMA

Ethereum [ETH] is staging a comeback, and the whales are leading the charge.

On the 12th of June, wallets holding between 1,000 and 10,000 ETH added over 871,000 ETH in a single day, marking the largest daily net inflow to these addresses since 2017.

This aggressive accumulation spree comes amid reports that BlackRock has scooped up $15.46 million worth of ETH, showing institutional confidence in the asset.

With both whales and Wall Street piling in, Ethereum’s next chapter may be closer than the market thinks.

Ethereum whales return in force!

For six consecutive days, wallets holding between 1,000 and 10,000 ETH have absorbed over 800,000 ETH daily; a level of sustained buying not seen since the 2017 bull run.

Source: Glassnode

The surge peaked with a record-breaking 871,000 ETH added in a single day, according to Glassnode.

As the chart shows, this aggressive accumulation has pushed total holdings in these mid-tier whale addresses above 14.3 million ETH, showing a sharp reversal from earlier outflows.

The scale and consistency of this buying spree point to a strong resurgence of long-term confidence in Ethereum.

Source: X

Ethereum’s accumulation wave isn’t just retail-driven – it now has Wall Street behind it!

On-chain data reveals that BlackRock purchased $15.46 million worth of ETH via Coinbase Prime; a rare direct allocation to Ethereum amid a broader surge in accumulator address activity.

Source: CryptoQuant

As highlighted in CryptoQuant’s chart, inflows into long-term holding addresses have exploded to all-time highs, just as ETH price begins to stabilize above $2,500.

ETH: Holding the line

ETH showed resilience just above the $2,500 mark, with price action holding steady near the 200-day EMA and the 50-day EMA at press time.

This convergence zone is acting as a strong support base.

Source: TradingView

ETH has shown resilience despite recent dips, rebounding from intraday lows as buyers step back in.

At press time, the RSI stood at 48.9—technically neutral but tilting slightly bearish—indicating potential for upward movement if momentum improves.

With whale accumulation and institutional interest gaining traction, a move toward the $2,600–$2,650 range looks achievable, provided ETH holds support above $2,500.

Conversely, a drop below $2,435 could open the door to further downside risk.

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Ethereum whale activity at 6-year peak – Is $2,650 ETH’s next stop?

Ethereum whales return in force!

A wave of accumulation