Ethereum News Today: Ethereum's Supply Crunch Fuels Bull Run as Whales Shift $1.28B to ETH

Ethereum continues to gain traction in the cryptocurrency market, with Ether (ETH) breaking above $4,900 for the first time and entering a new phase of price discovery. This milestone, which surpassed its previous all-time high of $4,867 set in November 2021, signals a shift in market dynamics as traders and investors increasingly favor Ethereum over Bitcoin. According to Miles Deutsher, a market analyst, Bitcoin has shown signs of exhaustion, while Ethereum remains in strong momentum. This sentiment is echoed in market behavior, with traders rotating capital toward assets that exhibit stronger relative strength.

Exchange reserves for Ethereum have also been a focal point in recent discussions. Analyst Crypto Rover noted that dwindling exchange reserves indicate fewer coins available for immediate sale, which can lead to upward pressure on price as buyers must offer higher bids to acquire coins. This dynamic sets up a potential "supply shock" scenario, where scarcity of available coins can amplify price movements. The shrinking supply of ETH on exchanges combined with rising demand suggests a strong continuation of the bullish trend, at least in the near term.

Meanwhile, Bitcoin’s price action has shown signs of consolidation, with its price hovering near $114,000 as the weekly close approaches. Late-week gains have fared poorly, and analysts suggest that the cryptocurrency may experience a short-term pullback following the weekend's strong price movement. According to data from Arkham, Bitcoin whales have been swapping BTC for ETH, further reinforcing the shift in market attention. Whale activity has been particularly aggressive, with one large holder accumulating 278,490 ETH valued at approximately $1.28 billion at an average price of $4,585. This accumulation reflects the growing conviction among institutional investors in Ethereum’s long-term potential.

In contrast, Cardano (ADA) has seen mixed signals from market participants. Despite some whale activity in August 2025—where a top holder scooped up 150 million ADA tokens—the broader market has remained cautious. ADA’s price has struggled to maintain key levels, trading at $0.847 after peaking at $1.02. Analysts have noted bearish indicators, including a negative network realized profit/loss of -26.56M, a bearish MACD reversal, and declining futures volume. The project’s challenges include competition from faster-moving DeFi platforms and delayed adoption in real-world applications.

Amid these developments, a new player in the DeFi space has attracted attention from large investors. Remittix (RTX), a payments-focused project, has drawn significant whale capital with its utility-driven model and real-world use cases, including cross-border remittances and low-cost transactions. With over $20.9 million raised in its presale and plans for a Q3 beta wallet launch, RTX has positioned itself as a compelling alternative for investors looking for growth in the DeFi sector. Ethereum whales have been particularly active in the RTX space, signaling a broader shift in capital allocation.

While Ethereum’s price breakout and Bitcoin’s consolidation define the current market landscape, the long-term viability of projects like Cardano and emerging DeFi platforms like Remittix remain subject to market forces and technological execution. The data highlights a clear preference for assets that offer scalability, real-world utility, and robust technical infrastructure—traits Ethereum has increasingly demonstrated. As the crypto market continues to evolve, the ability to adapt and deliver on core functionalities will remain a key determinant of success.

Source:

[1] As ETH Breaks Above USD4,900, Analyst Sums Up Crypto Market: BTC Is Exhausted, ETH Isn’t (https://www.coindesk.com/markets/2025/08/24/as-eth-breaks-above-usd4-900-analyst-sums-up-crypto-market-btc-is-exhausted-eth-isn-t)

[2] Bitcoin Whales Swap BTC for Ether as Trader Sees ETH at 5,5K Next (https://cointelegraph.com/news/bitcoin-whales-swap-btc-for-ether-trader-sees-eth-hitting-5-5k-next)

[3] Uneasy Times For ADA Holders As Top Whale Backs New PayFi Altcoin (https://crypto-economy.com/cardano-price-prediction-uneasy-times-for-ada-holders-as-top-whale-backs-new-payfi-altcoin-remittix/)

[4] 1 Reason to Buy Cardano (ADA) (https://www.fool.com/investing/2025/08/20/1-reason-to-buy-cardano-ada/)