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Whale wallets added over 871K ETH in a single day, the highest net inflow of 2025.
Ethereum trades between $2,480 and $2,750, with a breakout setup forming.
Spot ETH ETFs and the Pectra upgrade could fuel a surge to $3,500 - $5,800 by year-end.
As of June 19, 2025, Ethereum (ETH) is trading at $2,520, caught in a period of tight consolidation. While the broader market awaits the U.S. Federal Reserve’s next policy decision, Ethereum appears poised for a breakout. With technical support holding firm, whale wallets accumulating at historic levels, and on-chain fundamentals strengthening, the second half of 2025 could be pivotal for the world’s second-largest cryptocurrency.
Ethereum’s daily chart presents a bullish structure. Price action remains locked between $2,480 and $2,750, consolidating just above a major rising trendline that originated in mid-April near the $1,600 zone. This trendline has held through multiple retests, reinforcing it as a key support level.
The current range also aligns with the 38.2% Fibonacci retracement level around $2,425, further solidifying the area as critical structural support. Despite repeated attempts, bulls have been unable to clear the upper resistance zone around $2,750, forming a horizontal range bordered by this ceiling and the trendline below.
The Relative Strength Index (RSI) currently sits around 53.8, indicating neutral momentum.
Ethereum remains above its 50-day and 100-day EMAs, but has yet to reclaim the 200-day EMA, which lies closer to the upper boundary of the range.
A breakout above $2,750 could unlock the path toward $3,068 (61.8% Fib retracement) and $3,525 (78.6%).
On the downside, a break below $2,425 would likely lead to a test of $2,372 and possibly the 23.6% level at $2,028.
Also Read: Ethereum Tests Previous Resistance: Can Bulls Hold the Line This Time?
On-chain data from Glassnode confirms a significant shift in market dynamics. Between June 10 and June 18, ETH whale wallets (holding between 1,000 and 10,000 ETH) accumulated more than 800,000 ETH daily, culminating in a record 871,000 ETH net inflow on June 12, the highest single-day accumulation of 2025.
Total ETH held by these whale addresses has now exceeded 14.3 million ETH, marking the largest holdings since the 2017 bull cycle. This scale of coordinated buying signals deep conviction from long-term holders and institutional participants.
Furthermore, over 35 million ETH is currently staked, with 500,000 ETH added in June alone. Exchange reserves have dropped to multi-year lows, reducing available liquid supply and increasing the potential for a supply squeeze should demand rise sharply.
These combined signals, whale buying, staking growth, and falling exchange balances, form the strongest accumulation profile ETH has seen in years.
Also Read: Ethereum Whales Buy Big: Will History Repeat with 1000% Gain?
The approval of spot Ethereum ETFs earlier this year has brought in sustained institutional capital. Weekly inflows are averaging above $500 million across major U.S. funds, reflecting growing mainstream adoption.
Scheduled for Q3 2025, the Ethereum Pectra upgrade will introduce smart account features and further network efficiency improvements. Layer-2 networks like Optimism, Arbitrum, and Base continue to scale transaction throughput and reduce gas fees, enhancing Ethereum’s utility and value capture.
With the fee burn mechanism from EIP-1559 and increased staking, Ethereum has become a net-deflationary asset. This structural reduction in supply, coupled with long-term accumulation, strengthens ETH’s fundamental investment case.
If Ethereum breaks decisively above $2,750, it could target $3,068 and $3,525 in the medium term, with long-term projections reaching $4,100 - $5,800 by year-end. Fibonacci extension targets an even point to $6,000 - $8,500 under aggressive bullish conditions.
Assuming continued consolidation and gradual growth, ETH could reach $3,000 - $3,500 by Q4 2025. This scenario accounts for steady ETF inflows, healthy staking growth, and improving Layer-2 scalability.
A breakdown below $2,425 could send ETH to $2,372 or even $2,028. This would likely require macroeconomic stress, regulatory pushback, or a significant loss of network activity.
Ethereum is in a strong position heading into the second half of 2025. Price action remains compressed between key support at $2,425 and resistance at $2,750, but whale accumulation, record staking, and reduced exchange supply suggest a bullish undercurrent.
If ETH breaks above $2,750, a move toward $3,500 - $5,800 is likely. Continued ETF inflows and the upcoming Pectra upgrade add further upside potential. While a drop below $2,425 could lead to short-term weakness, the broader trend favors a breakout, positioning Ethereum as a top asset to watch in the months ahead.
