Ethereum News Today: Ethereum Whale Wallets Rise 8% as Institutional Interest Drives Growth

Ethereum is showing signs of sustained long-term growth driven by rising whale accumulation and increasing institutional interest, according to recent market data. Over the past two weeks, the number of Ethereum wallets holding 10,000 ETH or more rose by 8%, adding 90 new whale addresses. This trend contrasts with Bitcoin, where whale activity declined by 1.61%, signaling profit-taking and a maturing market dynamic [1].

The price of Ethereum is currently trading near $2,972 within a well-defined ascending channel, supported by expanding use cases in decentralized finance (DeFi) and real-world blockchain applications. Technical indicators, such as the Relative Strength Index (RSI), show strengthening momentum, suggesting a potential trend reversal and continued upward movement [2]. This bullish price structure aligns with growing institutional confidence and reflects a broader shift in investor sentiment toward Ethereum’s utility-driven narrative.

In contrast, Bitcoin’s price trajectory appears to be entering a more mature phase following its significant rally from $10,000 to nearly $70,000 in 2021. At $119,000, Bitcoin has formed strong support above previous highs, but whale wallet activity has declined, indicating a shift in behavior among large holders. This divergence highlights Ethereum’s growing appeal among major investors and suggests that the market is repositioning for a new phase of innovation and growth [3].

According to Santiment data, the increasing number of Ethereum whale wallets reflects a strategic buildup of long-term positions by institutional investors. This trend is further reinforced by Ethereum’s expanding ecosystem, which offers greater flexibility and utility compared to Bitcoin’s primarily store-of-value role. As more institutions seek diversified blockchain exposure, Ethereum is becoming a preferred asset class for those looking to invest in the broader innovation space [4].

The technical and institutional indicators point toward a strong growth trajectory for Ethereum. While Bitcoin remains a key pillar of the crypto market, its recent whale activity suggests a focus on portfolio rebalancing rather than aggressive accumulation. This dynamic positions Ethereum as a leading contender for sustained performance in the coming years, provided that adoption and innovation in DeFi continue to accelerate [5].

[1] Merlijn The Trader, https://en.coinotag.com/ethereum-shows-potential-for-sustained-growth-amid-rising-whale-accumulation-and-institutional-interest/