Ethereum News Today: Ethereum Whales Accumulate $2.29 Billion as Institutional Buying Drives Price Above $4,300

Large Ethereum whales have been actively accumulating the asset, with a recent withdrawal of 21,000 ETH ($90.6 million) from Binance signaling strong bullish sentiment among major holders [1]. This activity aligns with a broader trend of large investors moving substantial ETH from exchanges to private wallets, reinforcing confidence in Ethereum’s long-term value [2]. Institutional interest has also surged, with consistent inflows into spot Ethereum (ETH) exchange-traded funds (ETFs), indicating growing institutional confidence in the digital asset [3].

The accumulation coincides with Ethereum hitting multi-month highs, with the price remaining above $4,300 amid notable buying pressure between $4,250 and $4,300 [4]. A significant whale has amassed $1.34 billion in Ethereum over the course of eight days, using ten newly created wallets [5]. This aggressive accumulation highlights increased speculative and strategic buying, particularly as macroeconomic expectations, including potential U.S. Federal Reserve rate cuts, continue to drive investor interest [6].

Additional on-chain data shows another Ethereum whale acquiring $946.6 million in ETH during the week ending August 12, further supporting the idea of sustained inflows from major market participants [7]. These movements suggest the market may be witnessing the early stages of a longer-term institutional buying trend, which could potentially push Ethereum toward new all-time highs [8].

Ethereum’s recent outperformance relative to Bitcoin has also been notable, with the digital asset attracting more institutional capital and showing stronger bullish momentum [9]. Analysts have highlighted potential price targets above $4,600, supported by both on-chain activity and broader market dynamics [10]. While no official forecasts have been cited in the reported data, the accumulation patterns and price behavior strongly indicate Ethereum is entering a phase of increased adoption and speculative demand.

The market remains focused on upcoming macroeconomic events and Ethereum’s ongoing upgrades as key catalysts for further gains. With continued whale accumulation and growing institutional participation, Ethereum appears well-positioned for potential price rallies in the near term.

Source:

[1] https://en.coinotag.com/whale-accumulation-of-ethereum-suggests-potential-for-continued-price-rally-amid-increased-institutional-interest/

[4] https://www.ainvest.com/news/ethereum-news-today-ethereum-holds-above-4300-amid-market-pullback-hinting-at-multiple-breakouts-ahead

[5] https://coincentral.com/crypto-whale-buys-1-34b-in-ethereum-ahead-of-key-us-inflation-data/

[6] https://www.ainvest.com/news/ethereum-news-today-ethereum-surges-4-400-institutional-buying-fed-rate-cut-hopes-2508/

[7] https://www.mitrade.com/insights/news/live-news/article-3-1030132-20250812

[8] https://blockchain.news/flashnews/article-3-1030132-20250812

[10] https://blockchain.news/flashnews/eth-surges-above-4-400-aguilatrades-boosts-long-to-15-000-eth-at-4-309-19-avg-with-1-38m-unrealized-profit