Ethereum News Today: Ethereum Whale Activity Surges 8% Outpacing Bitcoin Amid Altcoin Momentum

Ethereum is building strong momentum as whale activity outpaces that of Bitcoin, signaling a potential shift in institutional and large-scale investor preferences. Recent on-chain data shows that Ethereum whale wallets have grown by 8% over the last two weeks, with 90 new addresses accumulating at least 10,000 ETH. This surge represents approximately $900 million in Ethereum accumulation, indicating robust long-term buying interest [1].

In contrast, Bitcoin whale activity has declined, with a 1.6% reduction in wallets holding 1,000 BTC or more over the same period. This trend is interpreted as capital reallocating to Ethereum rather than direct BTC selling [2]. The divergence in whale behavior highlights a structural shift in market sentiment, with Ethereum showing strong signs of forming a bullish ascending price channel, similar to Bitcoin’s 2020 breakout pattern.

Technical indicators further reinforce Ethereum’s positive momentum. Its Relative Strength Index (RSI) is gaining strength, and on-chain data suggests trend reversal signals. Meanwhile, Bitcoin has broken a descending trendline from early 2021, but its RSI remains in recovery mode, reflecting potential price maturity [3]. The growing strength in Ethereum is supported by expanding use cases in DeFi and blockchain-based applications, contributing to long-term utility and demand.

Institutional and corporate interest is also playing a key role in Ethereum’s recent rally. Public companies are increasingly allocating capital to crypto treasuries, contributing to ETH’s rise to a 5-month high. Additionally, low exchange supply and growing ETF inflows mirror historical conditions that have led to significant price surges [4].

Ethereum’s bullish accumulation is occurring in parallel with broader market dynamics that suggest an emerging altcoin season. Over 220,000 ETH was acquired in 48 hours, pushing the price above $3,900 and setting the stage for a potential breakout above $4,100 [5]. This trend is further supported by speculative activity in meme coins such as PENGU, which have shown aggressive price movements. Ethereum’s performance is increasingly seen as a catalyst for broader market participation, particularly in high-beta assets.

Historically, August has been a statistically favorable month for Ethereum after a Bitcoin halving. Past cycles have seen average gains of over 60% during this period, adding to the optimism surrounding the asset [6]. Analysts have also offered speculative forecasts, with some platforms suggesting Ethereum could reach a new all-time high above $4,891 by the end of 2025, although such projections are not currently reflected in on-chain data [7].

As Ethereum continues to outperform Bitcoin in terms of whale activity and institutional adoption, the market may see a realignment in leadership. With speculative capital flowing into high-beta assets like meme coins and growing interest from corporate treasuries, Ethereum’s influence could extend beyond its own price action. The next phase of the crypto market may well be defined by ETH’s continued strength and broader altcoin participation [8].

Sources:

[1] title: ETH Whale Wallets Hint at Altcoin Season (url: https://cryptodnes.bg/en/eth-whale-wallets-hint-at-altcoin-season-what-are-the-best-meme-coins-to-buy-now/)

[3] title: Bitcoin and Ethereum Navigate Whale Activity ... (url: https://www.okx.com/en-us/learn/bitcoin-ethereum-whale-inflows)

[5] title: 220,000 ETH Acquired in 48 Hours: Ethereum Rally ... - TECHi (url: https://www.techi.com/ethereum-whale-accumulation-rally/)

[7] title: Will Ethereum Hit a New All-Time High This Year? Odds ... (url: https://decrypt.co/332688/ethereum-price-all-time-high-this-year-odds-myriad)