{"id":9559,"date":"2025-06-16T18:20:00","date_gmt":"2025-06-16T17:20:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=9559"},"modified":"2025-06-16T17:50:48","modified_gmt":"2025-06-16T16:50:48","slug":"ethereum-whales-accumulating-since-2018","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/ethereum-whales-accumulating-since-2018\/","title":{"rendered":"Whales Have Quietly Accumulated Massive Amounts of Ethereum Since 2018"},"content":{"rendered":"\n

The Incredible Appetite of Ethereum Whales<\/h2>\n\n\n\n

On June 15th, Ethereum wallets holding between 1,000 and 10,000 ETH<\/a><\/strong> <\/a>increased their position by more than 818,410 ETH <\/strong>(approximately $2.5 billion). This is the largest daily inflow for this cohort in over six years. These addresses are often associated with funds<\/strong>, early adopters<\/strong>, and institutional investors<\/strong>. They collectively held over 16 million ETH<\/strong> on that day, up from 11.87 million a year ago.<\/p>\n\n\n

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\"An
Source: Glassnode<\/figcaption><\/figure>\n<\/div>\n\n\n

This massive accumulation coincides with an increase in institutional demand through Ether-focused investment funds. In fact, these funds attracted $583 million <\/strong>in the week ending June 13th, bringing the year-to-date net inflows to $2.28 billion.<\/p>\n\n\n\n

Is the 2017 Scenario Repeating Itself?<\/h2>\n\n\n\n

The price of Ether has risen by 90%<\/strong> in the past two months, driven by optimism surrounding Ethereum’s Pectra upgrade and the restructuring of its foundation’s leadership. Despite these advancements, the cryptocurrency <\/a>remains range-bound in a multi-month consolidation phase.<\/p>\n\n\n\n

According to analyst Milkybull Crypto, this price dynamic closely resembles what was observed after a surge in prices in 2017<\/strong>. Back then, ETH was trading between $10 and $20 following the DAO hack and the Ethereum Classic split. However, once that range was broken, ETH surged to over $1,500<\/strong> in less than a year, driven by the ICO boom.<\/p>\n\n\n

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\"Ethereum
Source: TradingView<\/figcaption><\/figure>\n<\/div>\n\n\n

Today, ETH is consolidating between $2,150 and $3,600<\/strong>, while remaining above the key technical<\/a> support of the 50 and 200-week exponential moving averages. Although the drivers of its growth are different (ETFs, staking, tokenization), the technical pattern is similar: Ether is consolidating under a resistance<\/strong>, similar to before its last major bullish breakout.<\/p>\n\n\n\n

Short-Term Price Target for ETH<\/h2>\n\n\n\n

This consolidation phase followed by a strong upswing could lead ETH towards a short-term price target of around $4,000<\/strong>, the upper end of the current range. Several analysts have also identified this level as a potential target for Ethereum in the near future.<\/p>\n\n\n\n

Milkybull Crypto goes even further, suggesting that an ETH price of $10,000<\/strong> “cannot be ruled out.” The accumulation trend of whales and the resilience of the Ethereum network seem to set the stage for a new upward phase<\/strong> for the world’s second-largest cryptocurrency.<\/p>\n\n\n\n

More on this topic :<\/strong><\/p>\n\n\n\n