Ethereum News Today: Ethereum ETFs Soar as Whales Amass $118M-Bearish Outflows Keep Price in $4K Range

Source: [1] Whales Go All-In As Bitcoin, Ethereum ETFs Record ... (https://www.newsbtc.com/news/bitcoin/whales-go-all-in-as-bitcoin-ethereum-etfs-record-4-5-billion-inflows) [2] Ethereum News Today: Whale Buys $90M in ETH as Institutional ... (https://www.analyticsinsight.net/news/ethereum-news-today-whale-buys-90m-in-eth-as-institutional-inflows-surge) [3] Ethereum Market Depth Analysis - July 2025 - RiskWhale (https://www.riskwhale.com/blog/crypto-analysis/ethereum-marketDepth-20250708)

Ethereum whale activity has surged in early October 2025, coinciding with record inflows into spot Ethereum ETFs and a notable shift in institutional capital allocation. According to on-chain analytics firm Lookonchain, newly created wallets have withdrawn over $118 million in ETH from exchanges like Kraken and Binance, signaling large-scale accumulation by crypto whales. These movements, alongside $1.30 billion in net inflows into spot Ethereum ETFs for the week ending October 4, 2025, underscore growing confidence in the asset class.

The inflows into Ethereum ETFs contrast sharply with previous weeks, reversing $795.56 million in outflows recorded the prior week. Institutional demand, led by BlackRock's 1.8 million ETH holdings and Grayscale's 1.8 million ETH, has bolstered Ethereum's market position. SosoValue data reveals cumulative net inflows into spot Ethereum ETFs have surpassed $15 billion since inception, reflecting long-term institutional interest despite market volatility.

Whale activity further reinforces this trend. A newly created wallet, 0x982C, withdrew 26,029 ETH ($118 million) from Kraken, while another address, bc1qks, moved 620 BTC ($76 million) from Binance. These actions align with broader on-chain signals, including a decline in Ethereum exchange balances to their lowest level in five years. Over 170,000 ETH has been removed from exchanges in the past 30 days, pushing Ethereum's exchange-held supply below 2.85 million tokens for the first time since January 2021.

Price action reflects the confluence of institutional and whale-driven demand. Ethereum has traded above $4,500, a 82.11% year-to-date gain, while Bitcoin's rally to $125,506 has drawn comparisons to historical bull cycles. Analysts note that Ethereum's total value locked (TVL) of $365 billion in decentralized applications and its 1.45x TVL-to-price ratio position it as a key beneficiary of capital flows.

However, divergences persist. On-chain data from Onchain Lens and Ted Pillows highlights bearish signals, including a $9.4 million ETH sale by a long-term whale and $31 million in unstaked ETH cash-outs. These outflows, while offset by ETF inflows, have kept Ethereum in a narrow $4,200–$4,800 trading range. Market depth analysis by RiskWhale identifies critical support at $3,150 and resistance at $3,450, with whale activity concentrated at key levels.

Institutional confidence in Ethereum is further reinforced by product innovation. Grayscale's staking-enabled Ethereum ETFs, managing $4.82 billion in assets, now offer yield generation through institutional custodians. This feature has attracted $420.9 million in inflows within a single week, outpacing non-staking alternatives.

Price forecasts remain bullish but cautious. While some analysts project Ethereum could reach $5,000 by early 2026, others warn of potential pullbacks to $120,000 for Bitcoin and $4,200 for Ethereum. The interplay between whale accumulation, ETF demand, and macroeconomic factors will likely dictate the asset's trajectory in the coming months.