Bullish activity on Ethereum network draws in global attention and interest.
ETH accumulation by financial institutions like BlackRock sets new records.
Long-term ETH whales are awakening, fueling higher expectations for ETH price.
With the altseason almost at the doorstep, Ethereum, the pioneer altcoin asset, has been gaining a lot of attention lately. In fact, all the bullish activity on Ethereum network and increased ETH accumulation efforts by whales and financial institutions have brought in more interest on a global scale. Now, expectations for ETH to hit much higher prices are greater than ever.
Bullish Activity on Ethereum Network Fuels Global Interest
As the pioneer altcoin asset, ETH is expected to lead the altseason peak phase. According to several analysts, the price of ETH must pump first, reclaim its previous ATH price, and then go on to set new ATH prices. This move is already in motion, and ever since the price of ETH began to pump, the price of other altcoins has followed its lead, with altcoins like BNB already setting new ATH prices of their own.
All this attention for Etehreum (ETH) has largely come from ETH whales and financial institutions like BlackRock, who have been heavily accumulating ETH since the asset bottomed in Q1 of 2025 at $1,700. Despite ETH almost at the $4,000 price mark, ETH whales and BlackRock have not slowed down their ETH accumulation. In fact, with the promising performance of ETH ETFs, their accumulation has only grown stronger.
https://twitter.com/Cointelegraph/status/1947876894981984581
As we can see from the post above, BlackRock’s spot Ethereum ETF bought 115,295 ETH worth $426.2 million on July 22, marking its third-highest inflows since launch. This is a highly bullish sign for ETH, as it not only shows the expectations these institutions have for the asset to hit higher prices, but it also shows that ETH is now an integral part of the institutions offerings, which means ETH is here to stay for the long-term, just like BTC.
Meanwhile, other reputed names are also working diligently to accommodate ETH into their processes. For instance, Bitmine announces it will use 100% of the net proceeds worth $177 million from ARK Invest's $182 million share acquisition to purchase more Ethereum (ETH) for its treasury. Additionally, WisdomTree is set to launch WUSD stablecoin, primarily on the ETH network, showing greater ETH adoption.
Early ETH ICO Participant Awakens
https://twitter.com/Cointelegraph/status/1947869343829680513
Whale activity also seems to be on the rise. As we can see from the post above, most recently, an early Ethereum ICO participant woke up after 4 years, and went on to deposit 800 ETH worth $2.96 million to Kraken. This whale had originally received 8,950 ETH for just $2,783 and seems to still be holding 1,780 ETH, making a total profit of $13.36 million with a 4,803% return.
