Ethereum News Today: Ethereum Surges to $3,600 as Bitcoin Bull Run, ETF Inflows, and Whale Accumulation Fuel $10,000 Hopes

Ethereum’s price has surged to $3,600 amid a confluence of factors, including Bitcoin’s bullish momentum, institutional inflows, and significant accumulation by large holders. Over the past two weeks, spot ETF products have drawn approximately $750 million in daily inflows, while whale wallets holding 1,000 to 10,000 ETH added between 800,000 and 1 million ETH to their holdings [1]. This level of activity, last observed in 2018, has reignited discussions about Ethereum’s long-term price potential, with some analysts suggesting a $10,000 target is back in play [1].

The surge is supported by major institutional players. BlackRock’s Ethereum ETF has added nearly $77 million in holdings, with Fidelity and Grayscale following similar strategies [1]. From a technical perspective, Ethereum must first surpass the $3,400–$3,600 range to validate the $4,000 price prediction. A break above $4,000 could trigger a parabolic move toward $10,000, according to analysts [1]. However, a drop below $2,520 would invalidate the $4,000 forecast, potentially extending a consolidation phase.

Glassnode data highlights the role of whale activity in the current rally. Whale wallets have been consistently accumulating ETH at a rate of 800,000 tokens daily over the past two weeks [1]. Such accumulation patterns, historically linked to market upturns, suggest sustained institutional and large-holder confidence. The interplay between ETF inflows and whale behavior underscores a broader narrative of renewed institutional interest in Ethereum, which may drive further price appreciation.

While the $10,000 target remains speculative, the combination of technical indicators and on-chain metrics paints a cautiously optimistic outlook. Investors are advised to monitor key resistance levels and the sustainability of current inflows. Market dynamics, however, remain volatile, and a reversal below critical support levels could shift the trajectory.

Source: [1] [Ethereum Price Prediction: With $750M in Daily Inflows & ETH Whales Accumulating, $10,000 Is Back On The Table] [https://www.livebitcoinnews.com/ethereum-price-prediction-with-750m-in-daily-inflows-eth-whales-accumulating-10000-is-back-on-the-table/]