Ethereum News Today: Ethereum Sees $907 Million Inflows, Whales Accumulate Ahead of Potential All-Time High

Ethereum has experienced significant inflows over the past week, driving optimism around Ethereum and its price, and sparking discussions about a potential break above its all-time high. Both whales and institutions have been moving capital on-chain and into spot ETFs, demonstrating strong conviction in Ethereum’s long-term prospects.

Large wallets have been acquiring ETH tokens, including the PayFi token, which is anticipated to be the next major crypto launch. Analysts predict that Ethereum could surpass its previous all-time high next week, supported by sustained institutional demand and robust network upgrades.

According to analysts at SoSoValue, Ethereum ETFs have attracted $907 million in inflows over the past week, marking the best performance since they began trading in July 2024. Glassnode data confirms that daily net whale inflows into large on-chain addresses exceeded 800,000 ETH for nearly a week.

Experts have noted that the ETH price is showing strong breakout momentum, trading confidently above the 20, 50, and 200-day exponential moving averages. Technical models suggest that the ETH price is poised to breach $4,000 soon, with a successful retest of support at $3,100. This would clear the way for Ethereum to reach a new all-time high.

Ethena (ENA) saw a newly created wallet withdraw 14.51 million ENA (worth $5.95 million) from Binance, indicating whale accumulation on the dip. Over $100 million of ENA tokens have also been moved into exchange wallets, where whales are positioning ahead of a projected rebound to $1 by Q3 2025.

This surge in whale activity underscores Ethena’s growing traction as a novel DeFi project leveraging basis trades and synthetic stablecoin rails. Experts have noted that Ethena has broken its descending trendline on the daily timeframe and is currently retesting the breakout zone.