Ethereum News Today: Ethereum Nears $3,800 as Whales and Institutions Drive Accumulation

Ethereum is approaching the $3,800 level amid growing accumulation by large investors and institutional buyers. Recent on-chain activity shows that 14 new whale wallets acquired over 856,000 ETH worth nearly $3.16 billion within two days. Notably, five of these wallets alone purchased more than 100,000 ETH between August 4 and 5, suggesting heightened interest from major players in the market [1].

Institutional demand for Ethereum is also on the rise. The Strategic Ethereum Reserve (SER), which tracks Ethereum holdings across institutional treasuries and funds, has seen its assets under management grow from under $3 billion in June to over $10.8 billion. This represents 2.45% of Ethereum’s total supply. One of the key contributors, SharpLink, added 18,680 ETH to its portfolio on August 4, valued at approximately $66.63 million [1].

Despite strong accumulation from whales and institutions, Ethereum faces immediate resistance in the $3,800–$3,900 range. The price surged to $3,730 on August 5 before settling around $3,650, reflecting a 5.7% intraday gain. However, ETF outflows totaling $129 million last week signal caution among traditional investors, partly due to ongoing macroeconomic challenges such as trade tensions and labor market uncertainty [1].

CoinGlass data indicates that Ethereum is near key liquidity clusters at $3,620 and $3,660. A price drop below $3,600 could trigger a cascade of liquidations, pushing the price toward support levels near $3,580 or $3,540. Conversely, continued buying pressure and defensive accumulation suggest that Ethereum could test the $3,730 level, potentially stabilizing near liquidation points [1].

The recent accumulation trend is occurring against a backdrop of broader bullish momentum. Over the past month, Ethereum has gained 148% from its year-to-date low and is now within striking distance of the $3,800 psychological threshold. This performance follows a failed breakout near $4,000 in late July, which was constrained by broader macroeconomic conditions and a decline in TVL (Total Value Locked) within the Ethereum ecosystem [1].

On the regulatory front, the passage of the GENIUS Act in July 2025 has added a layer of clarity to the crypto market. The law requires stablecoin issuers to be classified as financial institutions and to maintain full reserves in cash or U.S. Treasuries. This regulatory development has encouraged institutional participation and reduced uncertainties around stablecoin usage [1].

Looking ahead, Ethereum's price trajectory will depend on several factors. Institutional inflows into U.S.-listed spot ETFs have been robust, with $2.18 billion in new assets recorded for the week ending August 1, 2025. This marks the 15th consecutive week of inflows into these funds and reflects the growing acceptance of Ethereum as a legitimate institutional asset [1].

Analysts are beginning to adjust their long-term price targets in response to these developments. Tom Lee of Fundstrat has revised his outlook, suggesting the potential for Ethereum to reach $15,000 in the medium term. His rationale includes stronger on-chain metrics, rising institutional allocations, and continued innovation in Ethereum-based DeFi applications [1].

Ethereum’s current price action highlights a convergence of whale-driven accumulation, strong ETF inflows, and regulatory progress. These factors suggest a strengthening market foundation and may encourage further capital inflows into the crypto asset class. As the market continues to digest these developments, Ethereum remains a key barometer for digital asset adoption and institutional interest [1].

Source:

[1] Ethereum Soars Past $3,800 as Whale Buying Spree and... (https://dzilla.com/ethereum-soars-past-3800-as-whale-buying-spree-and-institutional-inflows-heat-up/)

[1] Ethereum Nears $3,800 as Whales and Institutions Ramp Up Accumulation (https://cryptofrontnews.com/ethereum-nears-3800-as-whales/)