Ethereum Whales Are Buying Again — What It Means for ETH Price

2025-08-05

Ethereum, the second-largest cryptocurrency by market cap, has seen renewed bullish momentum. Over the past 24 hours, ETH has jumped more than 5%, indicating a potential trend reversal after last week’s market pullback.

But what's driving the rally? One of the most telling signals comes from the recent Ethereum whale activity. With major wallets accumulating large amounts of ETH, investors are speculating on the coin's potential to break above key resistance levels.

In this article, we explore what whale accumulation means for Ethereum, examine expert predictions, and evaluate whether ETH price could hit $4,000 soon.

Ethereum Price Overview

As of this writing, Ethereum is trading around $3,639.20 after touching a 24-hour high of $3,664.40. This represents more than a 5% gain in a single day.

While ETH still shows a minor weekly loss of about 4%, it has surged approximately 44% over the past 30 days.

According to CoinGlass, ETH futures open interest has risen by 0.7% to $48.24 billion, suggesting strong trader interest despite recent market fluctuations. This renewed optimism is largely fueled by whale accumulation and institutional involvement.

Ethereum Whales Bag $142M in ETH

Recent reports from on-chain tracking platform Lookonchain revealed that two Ethereum whales acquired a combined $142 million worth of ETH within the last 24 hours.

A newly created wallet ("0x86F9") received 24,294 ETH (~$86.48 million) from FalconX.
Another wallet ("0x40E9") secured 15,627 ETH (~$55.6 million) from Galaxy Digital's OTC wallet.

This significant influx of capital from high-net-worth investors demonstrates growing confidence in Ethereum's short- and long-term potential.

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The Role of Ethereum ETFs

The rise in Ethereum investment isn't limited to whales alone. Institutional interest is surging, with the U.S. Spot Ethereum ETF witnessing strong inflows in recent weeks.

Despite a $152.3 million outflow on August 1 during a broader market correction, Ethereum remains a favored digital asset among institutional investors.

CoinShares data reveals that ETH alone attracted $133.9 million in inflows last week, even as Bitcoin faced an outflow of $404 million. Year-to-date, Ethereum's total inflow now stands at an impressive $7.92 billion.

Expert Predictions: Will ETH Go Up?

Market analysts are closely watching Ethereum’s support and resistance levels. According to crypto analyst Michael van de Poppe, the recent bounce isn’t entirely convincing but shows promise.

He suggests that if ETH maintains support at $3,537, a surge toward $4,100 is possible.

Meanwhile, analyst Ali Martinez has pinpointed a strong support zone at $2,924, cautioning that a breakdown below this level could send ETH toward $2,750. However, as long as Ethereum holds above $3,500, the market sentiment appears optimistic.

Key Factors Supporting the Bullish Case

Several underlying factors suggest Ethereum might continue its upward trend:

Whale Accumulation ETH: Major purchases from whales historically signal bullish sentiment.
Institutional Inflows: Robust inflow data from Ethereum ETFs.
Growing DeFi Ecosystem: Continued growth in decentralized finance activity and L2 adoption.
ETF Approval Momentum: Regulatory progress regarding Ethereum ETFs boosts investor confidence.

All these indicators point toward a potentially sustained rally.

Can Ethereum Price Hit $4,000 Soon?

Given current momentum and rising interest from whales and institutions, Ethereum has a real shot at hitting $4,000 in the short term.

However, this bullish narrative depends on broader market sentiment, macroeconomic factors, and ETH's ability to maintain key support zones.

If Ethereum can hold above $3,500 and reclaim $3,800 soon, the next target of $4,000 might be closer than previously thought.

Conclusion

Ethereum whale accumulation is sending strong bullish signals. With over $142 million invested in ETH by just two wallets and increasing institutional flows, the sentiment is shifting.

While technical resistance remains, experts are cautiously optimistic that ETH could soon breach the $4,000 mark.

However, as with any market, investors should remain vigilant of sudden corrections, especially amid global uncertainties. That said, the current momentum paints a positive picture for Ethereum’s near-term future.

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FAQ

What is Ethereum whale activity?

Ethereum whale activity refers to large ETH transactions by individuals or institutions holding significant amounts of the cryptocurrency. These moves often influence market sentiment and price trends.

Why are ETH whales buying now?

Whales are likely anticipating a price surge due to strong support levels, institutional inflows, and ETF approval optimism.

Will ETH go up to $4,000?

If Ethereum maintains its current support levels and bullish sentiment continues, analysts believe ETH could reach $4,000 in the near future.

What does ETH support level mean?

A support level is a price point where buying interest is strong enough to prevent further decline. For Ethereum, analysts currently watch levels around $3,537 and $2,924.

Is Ethereum still a good investment?

Many experts consider Ethereum a strong long-term investment due to its role in DeFi, NFTs, and overall blockchain innovation. However, risks remain, and investors should conduct their own research.