#Ethereum whales are defying the market volatility trend to increase their total holding volume.
#EthereumETF products logged a cumulative $528.2 million in new capital amid a short-term slowdown.
Technical indicators hint that Ethereum could reclaim $3,000 despite concerns about a possible reversal.
Ethereum ($ETH ) has continued to fluctuate in the last 30 days, with a 0.97% decline in price within that time frame.
Despite this volatility, Ethereum whales are undeterred and have maintained a steady accumulation drive in the cryptocurrency market.
Ethereum Whales Accumulate 3.72% More as Retail Traders Sell
According to an update from Santiment, an on-chain analytics platform on X, Ethereum whales have increased their collective holdings by 1.49 million #ETH .
This spike in volume accumulated over the 30-day period represents a 3.72% increase and moves their entire market ownership up a notch.
As of this count, Ethereum whales hold 26.98% of the entire ecosystem’s supply and control over one-quarter of the total coin.
This suggests a notable shift of Ethereum ownership from small traders to large investors. This is a #bullish signal as large holders are usually considered long-term owners.
The spike in the number of Ethereum (ETH) whales suggests confidence in ETH’s future outlook, as these whales are not quick to sell.
Interestingly, during the 30-day period under consideration, while whales were accumulating, retail traders were engaging in selloffs to take profits.
Image Source: Santiment on X
The accumulation pattern could indicate an upcoming price rebound and a repositioning by these whales ahead of anticipated market moves.
Institutional Inflows Support ETH Price Recovery
In a similar move, institutional investors have also been on an accumulation spree in the Ethereum exchange-traded fund market.
According to Farside Investors’ data, the Ethereum (ETH) ETF maintained a streak of inflows from May 27 to June 12, 2025. This streak was only broken on June 13 with an outflow of $2.1 million.
Notably, prior to that, the Ethereum ETF market registered positive movements. In the outgoing week, the cumulative inflow stood at $528.2 million over the five days.
This volume of inflow indicates that, like ETH whales, Ethereum ETF holders have been busy despite the coin’s general volatility.
This marks a shift in the Ethereum ETF space from when the coin’s price was below $2,000 and demand was low.
However, as The Coin Republic article predicted, strong ETF inflows and other market dynamics have supported a price recovery above the $2,500 level.
The current Ethereum ETF setup highlights strong institutional demand for the asset, which could spur ETH to retest the psychological $3,000 level.
Can Ethereum (ETH) Break $3,000?
As of this writing, the ETH price has risen by 1.08% to $2,535.07 in the last 24 hours. The coin rose from a low of $2,506.32 and peaked at $2,584.24 during earlier trading sessions.
However, it has experienced a slight correction, likely due to declining trading volume. Within the same period, volume crashed by a massive 54.14% to $18.15 billion.
Despite prevailing market volatility and downturn, analysts remain optimistic about further increases to $3,400.
Driven by whale accumulation and institutional adoption, some bullish forecasts peg Ethereum’s price within the $5,000 to $6,300 range in the short term.
Conversely, bearish scenarios indicate that Ethereum could drop to test the $2,000 level support.
If it breaches it, Ethereum (ETH) could plunge to between $1,600 and $1,900 under the most bearish conditions.
However, current technical indicators show bullish momentum. Major resistance is ahead at $3,000, while support lies at $2,400.
Buy and Trade $ETH here
Disclaimer
The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.