Ethereum Whales Accumulate 800K+ ETH Daily Amid Bullish Sentiment

Ethereum whales have been accumulating a significant amount of ETH, with daily purchases exceeding 800,000 ETH for nearly a week. This accumulation is the largest since 2017, indicating a strong bullish sentiment among major investors.

On June 12, the largest single-day accumulation occurred, with whales adding 871,000 ETH. This massive purchase, worth billions of dollars at current market prices, underscores the confidence that these large investors have in Ethereum's future price action.

Several factors are driving this accumulation spree. Spot Ethereum ETFs have seen consistent inflows since their approval, drawing institutional attention and capital into ETH markets. Additionally, over 35 million ETH is now locked in staking contracts, reducing the circulating supply and tightening liquidity. Technical indicators also suggest that Ethereum is consolidating near breakout levels, with $4,000 seen as a potential target.

Whale wallets are often regarded as smart money, and their movements frequently precede broader market rallies. Their current behavior mirrors accumulation patterns seen just before past bull runs, suggesting that a major rally could be on the horizon.

With whale accumulation rising, ETH balances on exchanges are declining—a sign of reduced sell pressure. If ETH breaks above $2,700 resistance, it could trigger a sharp move toward $4,000. Continued ETF inflows, Ethereum network upgrades, or macroeconomic shifts could further boost momentum.

Ethereum whales accumulating 800K+ ETH daily is a powerful signal of long-term confidence. Whether it sparks a major rally remains to be seen, but the on-chain data points toward an increasingly bullish setup.