Ethereum Whales Buy $204M ETH Amid Rebound Above $4,400

TLDR

Table of Contents

Ethereum whales acquired 46,347 ETH worth $204M in three hours.
Spot ETH ETFs recorded $171M in inflows in one day.
ETH price surged to $4,423 after a combined $375M in institutional buying.
BlackRock and Fidelity led ETF inflows with over $124M combined.

Large Ethereum holders purchased over $200 million worth of ETH within hours, following strong inflows into spot Ethereum ETFs. The combined total of whale and ETF activity reached nearly $375 million in one day. These movements supported Ethereum’s price recovery above $4,400, pointing to growing interest from institutional participants and large-scale investors. This comes amid rising volumes and increased holdings in regulated ETH funds.

Whales Accumulate Over 46,000 ETH as Price Rises

On-chain data from Lookonchain showed that three new wallets received a combined 46,347 ETH worth around $204.4 million. These transactions occurred over a three-hour period and originated from FalconX hot wallets. The largest single transfer among them was over $82 million.

The three wallets involved in the transaction were created shortly before the transfers occurred. This suggests that the ETH was moved for holding rather than immediate trading. Analysts use such large movements from known trading platforms to new wallets as a sign of accumulation. The activity happened while Ethereum’s price was recovering, which added momentum to the upward trend.

Ethereum rose to $4,423 shortly after the whale transactions. This marked a 1.68% increase in 24 hours. The token gained $73 compared to the previous day’s close. The short-term price movement showed volatility, though the general direction stayed positive through the trading day.

ETF Inflows Reach $171 Million in One Day

Ethereum-based ETFs received $171.5 million in new capital in the same period. According to SoSoValue data, these funds now hold a combined $27.73 billion in net assets. BlackRock’s ETHA saw the highest inflow with $74.5 million, followed by Fidelity’s FETH with $49.55 million.

Other funds from Grayscale, Bitwise, VanEck and Invesco received $40.38 million combined. The flows show broad activity across different issuers, not limited to a single provider. These regulated products allow institutions to gain exposure to Ethereum without holding the asset directly.

The consistent daily inflows since Ethereum ETFs launched have helped maintain liquidity in the market. With regulated products attracting steady investments, asset managers are increasing their ETH holdings as part of their broader crypto strategies.

Price Moves Above $4,400 as Institutional Interest Grows

Ethereum’s price touched $4,423 during the day’s trading. Market data from TradingView confirmed that ETH maintained a slow upward trend through the session. This movement came after both whale transfers and ETF inflows occurred within hours of each other.

ETH is now up 4.64% in the last month and 32.7% since the start of the year. Over the past six months, it has gained 131.23%, while its one-year gain stands at 85.07%. These gains have brought attention back to Ethereum from large investors.

The next resistance level is expected near $4,500. Analysts say continued ETF demand and large wallet accumulation could support ETH above $4,300. No large outflows have been recorded so far, which may indicate that holdings are for the long term.

Ethereum climbed sharply above $4,420, highlighting renewed market momentum and institutional demand

Some market observers note that such combined institutional activity is becoming more common in the Ethereum market. These movements signal that Ethereum remains central to many investment strategies, both for growth and long-term exposure.

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