Ethereum is experiencing a strong increase from whales despite a large whale just selling over 33,000 ETH that was staked.
Ethereum has outperformed Bitcoin in the past week as institutions continue to accumulate ETH, creating a positive signal for the future of this cryptocurrency.
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A whale sold 33,585 ETH that was staked at an average price of 2,542.2 USD/ETH but still holds a large amount of ETH valued at approximately 260 million USD.
Large institutions and whales are actively accumulating ETH, as evidenced by the withdrawal of tens of thousands of ETH from Binance and Kraken.
Whale wallets holding at least 10,000 ETH have increased their holdings by 9.31% in 9 months, reaching the highest level since 2020.
How has Ethereum reduced its large staking ETH?
According to on-chain analysis data from Lookonchain, a whale sold over 33,585 ETH staking, earning 85.38 million USD from this transaction, but still retains about 100,000 ETH worth approximately 260 million USD. This whale has made over 30 million USD in profit and may be related to Alliance DAO, indicating this is a portfolio rebalancing activity rather than a bear market signal.
"Whales and institutions are currently buying more ETH instead of selling, reflecting strong confidence in the future of Ethereum."
Lookonchain, On-chain analyst, July 2025
How are large institutions acting with Ethereum in the past week?
Whale wallets believed to belong to institutions like Cumberland have withdrawn a total of 34,883 ETH (worth 89.45 million USD) from Binance, along with 7,200 ETH (worth 18.37 million USD) withdrawn from Kraken. This shows that smart money is moving from exchanges to accumulate ETH in private wallets, enhancing the potential for long-term accumulation rather than panic selling.
How has the trend of whale ownership of ETH changed recently?
According to the Glassnode report in July 2025, the amount of ETH held by whale wallets has increased by 9.31% from October 2024 to now, from 37.56 million ETH to 41.06 million ETH. This is the highest holding level of large wallets since 2020. This indicates that institutional investors are preparing for the potential price breakthrough of ETH in the future, avoiding the impact of retail FOMO.
"The continuous growth in the amount of ETH held by whales reflects the stability and long-term outlook they have faith in Ethereum."
Glassnode, On-chain analysis, July 2025
What is the current support level for Ethereum?
The main support zone for ETH is currently between 2,500 and 2,536 USD, with over 3.45 million ETH traded at this price range recently. This area is seen as a solid foundation, providing a floor for Ethereum's price to avoid strong fluctuations, helping to maintain the upward momentum based on on-chain trading data and technical analysis.
What are the events and challenges regarding the future of Ethereum?
Vitalik Buterin, co-founder of Ethereum, is preparing a new initiative to reinforce decentralization and governance for the Ethereum ecosystem. Although not many details have been released, this upgrade is expected to significantly improve the experience and sustainability of the network.
Characteristics Value (July 2025) Notes Ethereum Price (ETH) Approximately 2,616 USD Up 7% in the last 7 days BTC Up 1% in 7 days Slightly higher but lower than ETH Amount of ETH held by whales (≥ 10,000 ETH) 41.06 million ETH Up 9.31% since October 2024
Frequently Asked Questions
Does whale selling of Ethereum have a negative impact?
No, the recent selling by whales is mainly portfolio rebalancing, not a sign of a bear market.
What are large institutions doing with Ethereum?
They are accumulating ETH by withdrawing from exchanges and keeping it in private wallets, reflecting their confidence in the future price of ETH.
What notable price support levels does Ethereum currently have?
The current important support zone is around 2,500 – 2,536 USD, stabilizing the price for ETH.
How is the amount of ETH held by large whales changing?
The amount of ETH held by whale wallets has increased by over 9% in the last 9 months, reaching the highest level since 2020.
What updates are being prepared for Ethereum?
Vitalik Buterin is preparing an upgrade to enhance decentralization and improve governance of the Ethereum network.
Source: https://tintucbitcoin.com/ca-voi-ban-33-nghin-eth-to-chuc-gom/
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