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Ethereum sees record-high accumulation by whales and institutions, signaling strong long-term confidence.
Over 35 million ETH is staked, reducing supply and increasing upward price pressure.
Despite current resistance at $2,650, technical indicators suggest a potential breakout toward $3,000.
Ethereum (ETH), the world’s second-largest cryptocurrency by market value, is experiencing a massive rise in accumulation. This means that more investors, especially large ones known as whales, are buying Ethereum and storing it for the long term instead of trading it.
Recent data shows that in June 2025, Ethereum recorded its highest-ever monthly accumulation. Over 22 million ETH is now held by long-term investors who do not plan to sell anytime soon. This level of holding beats even the previous records set during the 2021 crypto boom.
It’s not just individual buyers who are accumulating Ethereum. Institutional investors, such as investment firms and hedge funds, are also showing rising interest. In the past seven weeks, there have been continuous inflows into Ethereum-based investment funds, with over $280 million added in the most recent week alone.
Ethereum is also beginning to attract more demand than Bitcoin in some institutional funds, indicating a shift in investor preference. Many experts believe that as Ethereum gains wider use in decentralized applications (dApps), smart contracts, and financial products, it could become a stronger long-term bet than Bitcoin.
In addition, large Ethereum holders, called whales, have bought around 1.49 million ETH over the past month. These whales now own about 27% of the entire Ethereum supply, which is a significant portion. Their activity shows confidence in the cryptocurrency’s future.
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Ethereum operates on a proof-of-stake system, where users can stake their ETH to help run the network and earn rewards. Staked ETH is locked and cannot be sold until it’s unstaked.
Currently, over 35 million ETH is staked—this equals about 28% of the total supply. This means nearly one-third of all ETH is not available for trading. As more ETH gets staked, the available supply keeps decreasing, which puts upward pressure on the price.
This rising staking level is another sign that investors trust Ethereum’s long-term value and want to earn passive income instead of selling their coins.
Despite all this accumulation, Ethereum’s price has not yet surged. The coin is currently trading between $2,450 and $2,500, showing little movement over the past few days. It is still around 50% lower than its all-time high of nearly $4,900, which it reached in late 2021.
Ethereum has tried to break above $2,650 multiple times but has faced resistance each time. This level seems to be where sellers enter the market, preventing the price from climbing further. Until this resistance is broken, the price is likely to stay in the same range.
Technical analysis is the study of charts and patterns to predict price movements. Right now, Ethereum’s charts suggest that it could be in a late accumulation phase, known as Zone 5. In previous cycles, this zone was often followed by strong price rallies.
Ethereum has recently moved above important technical indicators, such as its 50-day moving average. This shows growing strength in price momentum. Some analysts say that if Ethereum can stay above $2,500 and finally break above $2,650, it could begin a new rally toward $3,000 and beyond.
At the same time, many traders are still betting against Ethereum. If the price rises quickly, these traders may be forced to buy back their positions, leading to what is known as a short squeeze, which could cause the price to spike.
Ethereum continues to improve its technology. New upgrades such as Distributed Validator Technology (DVT) aim to make the network more secure and decentralized. These changes help Ethereum run more smoothly and attract more developers to build apps on its platform.
Ethereum’s development teams remain active, with regular updates and improvements. Major events like EthCC (Ethereum Community Conference) showcase Ethereum’s progress in Layer-2 scaling solutions, privacy upgrades, and decentralized finance (DeFi).
These developments create more use cases for Ethereum and support long-term price growth.
On-chain data tracks the movement of coins on the blockchain. According to recent reports, Ethereum’s current accumulation levels are similar to what happened before past bull runs. For example, in 2020, a similar pattern was seen before Ethereum began its massive rally to $4,800.
One key metric, called dormancy flow, is also very low. This means older coins are not being sold, another sign that holders expect higher prices ahead. Combined with rising staking, fewer coins on exchanges, and strong institutional buying, the overall setup suggests that Ethereum could be building momentum for a major price move.
In the short term, Ethereum is facing a few key price levels:
Support level at $2,500: This is the floor where buyers have been stepping in.
Resistance level at $2,650–2,675: This is the ceiling where sellers have been active.
If Ethereum breaks above $2,675 and stays there, it could move quickly toward $2,800 or $3,000. If it fails again, it may drop back to the lower $2,400s.
Some long-term projections from crypto analysts even see Ethereum reaching $9,000 to $10,000 in the next major bull cycle—if market conditions remain favorable.
While the signs are mostly positive, investors should be aware of possible risks:
Ethereum could struggle to break above resistance if selling pressure increases.
If institutional interest slows down or ETF inflows pause, the bullish setup could weaken.
Regulatory uncertainty, especially in large markets like the US, may affect Ethereum’s price.
Global economic shifts, like interest rate hikes or stock market corrections, could also impact crypto markets.
Also Read - Is Ethereum the New Digital Gold? Why Investors Still Believe So
Ethereum appears to be at a turning point. Strong accumulation by whales and institutions, rising staking levels, and steady development activity all point to long-term confidence. However, the price has yet to reflect these changes.
This type of setup, where large players are buying and supply is shrinking, has historically led to major rallies. If Ethereum can hold its current support levels and finally break through key resistance, it may begin a powerful upward move.
For now, Ethereum is building its base. The next few weeks could determine whether this base becomes the launchpad for the next big rally.
