Ethereum market: Whales & Wall Street giants are back
Ethereum whales pumped over 871K ETH in just one day – the largest inflow since 2017
BlackRock buys 15.46 million USD in ETH, boosting institutional confidence; ETH holds support around the 200-day EMA line
Ethereum (ETH) is showing strong recovery, driven by the positivity of whales and capital flows from Wall Street giants.
On June 12, wallets holding between 1,000 and 10,000 ETH accumulated over 871,000 ETH in one day – an unprecedented figure since the 2017 bull run.
This strong accumulation trend appeared when BlackRock allocated 15.46 million USD into ETH, reinforcing institutional confidence in this asset.
The simultaneous presence of whales and institutional investors suggests that the next growth phase of Ethereum could come sooner than expected.
Ethereum whales are back with strength!
Large flows of money are pouring into whale wallets
For 6 consecutive days, wallets holding between 1,000 and 10,000 ETH have absorbed over 800K ETH/day – a buying level not seen since the 2017 bull run.
Source: Glassnode
At its peak, within one day, whales accumulated up to 871K ETH, according to Glassnode data.
The chart records that the total amount of ETH in the average whale address group has now surpassed 14.3 million ETH, completely reversing the previous outflow trend.
The scale and stability of this accumulation demonstrate that long-term confidence in Ethereum is recovering strongly within the cryptocurrency ecosystem.
New accumulation wave
Source: X
The big players on Wall Street and a strong buy wave
This wave of Ethereum accumulation is no longer coming from retail but has support from Wall Street.
On-chain data confirms that BlackRock purchased 15.46 million USD in ETH through Coinbase Prime – a rare direct allocation move into Ethereum, coinciding with the massive accumulation activity of large wallets.
Source: CryptoQuant
On the CryptoQuant chart, inflows into long-term holding addresses have hit an all-time high, occurring just as ETH prices consolidate above 2,500 USD.
ETH: Solid as a rock, building a strong foundation
ETH has shown strength, hovering just above the 2,500 USD mark, solidly around the 200-day EMA and 50-day EMA indicators.
Source: TradingView
ETH, despite being challenged by corrections, has quickly recovered from the intraday low, thanks to renewed buying pressure. Currently, the RSI index is recorded at 48.9 – neutral but slightly leaning bearish, indicating that ETH has upward momentum if capital inflows become stronger.
The consensus from whales and institutional capital is strengthening expectations to pull ETH up to the 2,600–2,650 USD range, as long as prices remain above the 2,500 USD threshold.
If it breaks below 2,435 USD, the pressure to adjust could continue to expand further in the short term.
Source: https://tintucbitcoin.com/whales-accumulating-strong-eth-are-about-to-increase/
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