Ethereum News Today: Two Whales Buy $400M ETH as Price Rises 45% in a Month

Two whales have accumulated $400 million worth of Ethereum (ETH) over the past few days, signaling renewed institutional and strategic interest in the second-largest cryptocurrency. The first whale, identified through Arkham Intelligence, purchased over $300 million in ETH via Galaxy Digital OTC in the first three days of August 2025 [1]. The second whale is SharpLink, a gaming company that has pivoted to become a major ETH holder. The firm added $103.9 million in ETH at the start of August, bringing its total holdings to 480,031 ETH, or roughly $1.65 billion [2]. These large-scale purchases suggest confidence in Ethereum’s long-term fundamentals despite recent market volatility.

Ethereum’s price has shown signs of recovery in the wake of the recent selloff, rebounding to $3,649 as of August 3, 2025. While it is still down 5.5% over the past week, the coin has gained 45% in the last month and 55% year-to-date, demonstrating strong resilience [3]. The recent dip was driven by global tariff hikes and the Federal Reserve’s decision to hold interest rates steady, both of which dampened risk-on sentiment across financial markets, including cryptocurrencies [4].

The Ethereum price prediction remains optimistic as the market digests these large whale accumulations. SharpLink’s continued accumulation of ETH, despite recent price declines, indicates a belief in Ethereum’s potential to recover and surpass its current levels. Ethereum is currently 25% below its all-time high of $4,878, but with growing institutional adoption and the looming possibility of staking-enabled ETH ETFs, the outlook for the coin remains bullish [5].

Technical indicators also support a positive near-term outlook. Ethereum is consolidating within a descending channel after breaking out in July, but the RSI has rebounded off the midline and is approaching 50, signaling strengthening momentum. The MACD histogram has turned green, a technical precursor to price rebounds. If Ethereum can break above $3,800, it could retest the $4,000 level, a key psychological and technical target [6].

The broader Ethereum ecosystem is also showing signs of strengthening. Farside data indicates that ETH ETFs have seen inflows of over $5.2 billion between July 1 and August 1, 2025, reflecting growing demand from institutional investors [7]. Several ETF issuers have also filed amendments with the SEC to include yield-generating functionality for ETH, which could further boost demand if approved.

According to analysts, if these developments unfold as expected, Ethereum could reach $4,000 by September and potentially climb to $5,000 before the end of the year, fueled by increased institutional participation and the anticipated launch of staking-enabled products [8]. These whales’ recent purchases suggest they are positioning for such a rally.

Source:

[1] Cryptonews, [https://cryptonews.com/news/ethereum-price-prediction-two-whales-just-bought-400m-on-the-dip-what-do-they-know-that-you-dont/](https://cryptonews.com/news/ethereum-price-prediction-two-whales-just-bought-400m-on-the-dip-what-do-they-know-that-you-dont/)

[8] Analyst forecast based on information in the provided article.