Ethereum giant whale holdings soared to a seven-year high, 871,000 ETH influx, where will the ETH price go?

Ethereum is experiencing its most aggressive whale accumulation in seven years, sparking intense discussions about the future trajectory of the world's second-largest cryptocurrency.

### Key Summaries

- Ethereum whale wallets absorbed over 871,000 ETH in a single day, marking the largest daily inflow since 2025.

- Whale holdings have ended a months-long downward trend, signaling a revival of long-term confidence.

- Despite sideways price movements, significant wallet accumulation on the chain suggests pre-emptive positioning ahead of major positive catalysts.

According to Glassnode data, whale wallets holding between 1,000 and 10,000 ETH accumulated over 871,000 ETH in a single day on June 12, setting the highest daily net inflow record this year.

Over the past week, daily accumulation steadily exceeded 800,000 ETH, pushing total holdings in this wallet bracket to over 14.3 million ETH.

This collective position-building by large investors strongly signals a renewed confidence in Ethereum's medium-to-long-term trend.

### Ethereum Whale Accumulation Heats Up Again

Recently, Ethereum whale holdings have seen a significant rise, reversing the multi-month downward trend since the start of the year—a sign that capital is being reallocated.

Although ETH prices have remained relatively stable in recent days, on-chain wallet activity reflects that institutional funds and high-net-worth investors are actively positioning themselves in advance to welcome potential positive events.

These potential catalysts may include: key upgrades to the Ethereum ecosystem, accelerated real-world asset (RWA) tokenization, or a macro environment shifting toward a more favorable landscape for crypto assets.

Glassnode data charts show that whale accumulation momentum has clearly broken through key thresholds, creating a strong divergence between sideways price action and intensified on-chain buying.

Historically, such structural accumulation often precedes major upward trends.

> 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.

> — glassnode (@glassnode) June 17, 2025

According to reports, whale trading volume on Ethereum Name Service (ENS) surged 313.5% in the second week of July, while lending protocols on the Ethereum chain recorded a 203.8% increase—indicating a significant uptick in capital activity.

Simultaneously, Layer 2 network activity has rebounded, with three-digit growth in USDC transfers on Arbitrum and Optimism, further releasing on-chain liquidity.

On the other hand, some corporate strategies related to Ethereum have encountered turbulence: SharpLink Gaming's stock price plunged 73% in after-hours trading after the company filed an application to register a large number of shares for potential sale.

This move came just weeks after the company announced plans to use up to $1 billion to buy ETH, sparking widespread concerns about its capital operations and cash flow capabilities.

### ETH Faces Short-Term Pressure as Caution Grows

Ethereum is currently trading around $2,548. After multiple failed attempts to challenge the $2,700 resistance zone, the short-term trend remains weak.

Despite bullish on-chain data—particularly record-high whale accumulation—technical analysis shows a consolidating pattern in the short term.

On the 2-hour candlestick chart, prices are confined to a narrow range within the Bollinger Bands, between $2,522 and $2,671. The RSI at ~54 indicates indecision between bulls and bears, while the MACD has slightly broken below the zero line, suggesting waning bullish momentum.

Zooming in on the 30-minute chart, ETH is clearly under pressure: the RSI has dropped to 36, the MACD is deeply in bearish territory at -12.55, and a breakdown of the $2,540 support could trigger further correction. The Bollinger Bands are beginning to converge, indicating decreasing volatility but also potentially signaling an impending breakout.

On the shorter 1-minute chart, ETH is stuck in an extremely narrow range of $2,546 to $2,560, with the RSI hovering around 30 and the MACD breaking below the signal line—clear signs of weak momentum.

While continuous long-term positioning by whales adds bullish support to Ethereum's macro landscape, the current market suggests short-term caution is still needed. Only a valid breakout above $2,600 can reignite upward momentum.

The post *Ethereum Whale Holdings Surge to Seven-Year High: 871,000 ETH Inflow—Where Will ETH Price Go?* first appeared on Cryptonews China.

**Disclaimer**: The views in this article represent only the author’s personal opinions and do not constitute investment advice from this platform. This platform makes no guarantees regarding the accuracy, completeness, originality, or timeliness of the article information, nor does it assume responsibility for any losses arising from the use of or reliance on the article information.