In the last month, 1.035 million ETH (4.167 billion dollars) was collected from exchanges and institutional platforms, and the price increased by 45%.
According to on-chain analysis data, a significant accumulation of Ethereum (ETH) has occurred in the cryptocurrency market since July 10. A total of 1.035 million ETH, worth approximately 4.167 billion dollars, was purchased by unidentified whales or institutional investors. These purchases were made through both exchanges and institutional trading platforms.
During this process, the ETH price rose from 2,600 dollars to 4,000 dollars, marking a 45% increase. According to analysts, a large portion of the ETH in these addresses belongs to companies listed on US exchanges that hold ETH reserves or to institutional investors. The known SBET address was not included in this calculation.
The data shows that these purchases occurred at an average level of 3,546 dollars. This situation indicates that the institutional side plays a significant role in the price increase.
Institutional demand is rising
In recent weeks, there has been a noticeable increase in institutional demand for ETH. The addition of ETH to the balance sheets of some firms listed in the US strengthens institutional investors' long-term expectations. If this accumulation trend continues, the likelihood of Ethereum's price reaching new highs is increasingly being discussed among investors.