Ethereum Whale Wallet Reactivates After Nine Years, Sparking Market Interest

An Ethereum whale wallet from 2015 has suddenly become active, sparking significant interest in the crypto community. The wallet, which received 2,000 ETH during the ICO for $620 when the price was around $0.31, is now worth over $5 million. On June 14, 2025, the wallet made a small transfer of 0.002 ETH, valued at under $6 at current prices. This activity has led to speculation about potential larger transfers or liquidation of the entire holding.

Whale movements, especially those from early investors, often draw attention due to their potential impact on market trends. Some believe this could mark the beginning of a larger whale acquisition phase as prices begin to rise. The reactivation of this wallet, which has been dormant for nearly a decade, has sparked widespread speculation and debate among market watchers.

In parallel with the whale wallet activity, Ethereum’s institutional landscape has seen a shift. The strong inflow streak into spot Ethereum ETFs, which began on May 16 and continued for 19 consecutive trading days, has ended. These ETFs accumulated a total of $1.37 billion in net inflows during that period. However, on June 13, the streak concluded with a net outflow of $2.1 million, signaling a temporary pause in the previously robust momentum. This outflow, though modest, suggests that some investors may be taking a more cautious stance in the short term.

Ethereum’s price performance in recent weeks has largely reflected consolidation, with the coin trading in a relatively tight range but maintaining a bullish structure. Analysts point out that ETH continues to form a pattern of higher highs and higher lows, a classic signal of an uptrend in technical analysis. The immediate resistance level that has captured traders’ attention is $2,950. A clean breakout above this price point could serve as the catalyst for a larger rally, propelling ETH above the psychological $3,000 mark and possibly beyond.

According to the analyst's forecast, if bulls can sustain a move above the $2,950 level, we could be looking at the next major leg higher for ETH in 2025. Technical indicators, including moving averages and momentum oscillators, continue to support the bullish case, though some traders remain cautious due to recent ETF outflow data and the potential impact of whale activity.

The convergence of technical resistance, whale activity, and shifting institutional inflows places Ethereum at a pivotal moment. The cryptocurrency has already shown remarkable resilience in 2025, benefiting from broader interest in decentralized finance (DeFi), layer-2 scaling solutions, and Ethereum-based tokenization projects. With ETF flows demonstrating strong — if briefly interrupted — demand, and with technical patterns favoring continued upside, many analysts believe that Ethereum is well-positioned for further gains if the $2,950 resistance is decisively broken. However, risks remain, including regulatory developments, macroeconomic shifts, or unexpected whale liquidations, which could introduce volatility. For now, the mood in Ethereum markets appears cautiously optimistic, with traders watching closely for that critical breakout signal.