ETH broke $3,600 as whales and institutions accumulated over $745 million in ETH.
SharpLink and World Liberty expanded holdings, signaling growing corporate interest in ETH.
ETH outperformed BTC, with bullish momentum targeting $3
Backed by huge institutional buys and whale action, Ethereum's ETH has reclaimed $3,600 — a price last seen around New Year. But this isn’t your average pump. Two brand-new wallets alone bought a combined $745 million in ETH. Big money isn’t guessing. It's acting with confidence. Whales are moving funds off exchanges. Corporates are adding ETH to treasuries. The message is loud and clear—Ethereum has momentum, and it’s real.
https://twitter.com/lookonchain/status/1946025847946895757 Whales Pull ETH Off Exchanges as Institutions Pile In
Wallet 0x35fb withdrew over 103,000 ETH—roughly $373 million—from Kraken Exchange in just nine days. That’s no random move. Meanwhile, wallet 0x9684 pulled $372 million worth of ETH from FalconX in a week. These actions signal long-term belief and serious accumulation. When whales self-custody, it usually means they’re preparing for a bigger price move. Ethereum now trades at $3,622, up 4% in the past 24 hours. That’s not just price action—it’s momentum with muscle. ETH currently hovers above the upper Bollinger Band at $3,523. The widening bands reflect growing volatility, a sign more price action could be coming soon.
Institutional interest isn’t slowing. SharpLink Gaming just bought another 32,892 ETH, valued at $115 million. That brings their total haul to 144,501 ETH—worth over $500 million in nine days. Their treasury clearly sees ETH as more than just a trade. It’s becoming a long-term asset. World Liberty, backed by the Trump family, joined the buying spree. They picked up $8 million in ETH over two days. Their wallet now holds over 70,000 ETH, with $23 million in unrealized gains. That’s not speculation. That’s strategy.
ETH Price Outlook: More Fuel in the Tank?
ETH now faces resistance at $3,700 and $3,880. But the bulls are charging. Technicals show strength, though the RSI now sits above the overbought line. A short-term pullback remains possible. If the price falls below $3,600 and slips under $3,520 support, a correction to $3,150 may follow.
Still, buying pressure remains steady. BTC Digital, a Nasdaq-listed firm, just switched from Bitcoin to Ethereum entirely. After raising $6 million, they’re converting current and future BTC reserves into ETH. That’s a powerful endorsement of Ethereum’s potential.
ETH now outpaces BTC in short-term performance. If that trend holds, altcoin season may be around the corner. Traders are watching. Whales are acting. Institutions are all in. And Ethereum? It’s not just recovering—it’s leading the charge.
