Ethereum has just surpassed 4,000 USD, driven by an accumulation of over 667 million USD from whales and an increase in supply over 121 million ETH.
The price increase momentum of Ethereum is highlighted by whale accumulation, strong staking activity, and supply reaching new highs, reflecting a noticeable shift in market sentiment towards positivity.
MAIN CONTENT
Ethereum surpasses 4,000 USD and experiences the largest 'storm' of short liquidations in months.
Six new whale wallets have purchased 667 million USD worth of ETH through major OTC exchanges, indicating a long-term accumulation trend.
Ethereum's supply has reached 121 million ETH, with staking continuing to play a role in reducing inflation effects on supply.
What is Ethereum?
Ethereum is the second-largest decentralized cryptocurrency platform in the world, allowing the creation of Smart Contracts and DApps thanks to its flexible Blockchain.
Developed since 2015 by Vitalik Buterin and colleagues, Ethereum quickly became a robust ecosystem, the cradle of DApps in the DeFi and NFT fields. Currently, Ethereum is a key platform, accounting for the second largest trading volume and market cap, just after Bitcoin, greatly influencing the entire cryptocurrency market.
Ethereum is the driving force of innovation in the DeFi ecosystem thanks to its scalability and smart contract platform.
Vitalik Buterin, Founder of Ethereum, 2022 (Forbes)
What momentum pushed Ethereum's price above 4,000 USD?
Ethereum's price surged past 4,000 USD thanks to accumulation pressure from whales and an unprecedented wave of short liquidations in months, demonstrating strong buying pressure outweighing market pessimism.
On August 9, 2025, the market recorded Ethereum closing at 4,196 USD, with the RSI index exceeding 72, confirming an overbought state. TradingView data illustrates continuous price increase momentum, with consecutive green daily candles reinforcing investor optimism. Additionally, the MACD also indicates an expanding buying area, signaling a strong increase in demand and the potential for a sustainable uptrend.
Don't bet against Bitcoin and Ethereum, especially when whale cash flows are returning strongly.
Eric Trump, Investor and Entrepreneur, 2025 (X.com)
The market is reversing towards an upward trend, especially as whales continue to accumulate ETH at high prices from OTC exchanges — where trading is often reserved for large institutional and long-term investors. However, experts still warn of the possibility of short-term corrections if profit-taking increases at high price levels in the context of strong FOMO effects.
What is happening with Ethereum whale wallets?
Six new Ethereum whale wallets have accumulated a total of 171,015 ETH, worth over 667 million USD, in just the past four days, mainly from major OTC exchanges like FalconX, Galaxy Digital, and BitGo.
According to information from Lookonchain (August 2025), an anonymous organization created a new wallet, receiving 10,396 ETH (worth 40.6 million USD) in just two hours. This marks a strategic long-term accumulation move, reflecting expectations of Ethereum's price breakout potential in the coming period. Purchasing large amounts from OTC rather than public exchanges also helps mitigate market price volatility impacts and demonstrates the professionalism and clear investment strategy of major organizations.
The action of accumulating ETH from OTC reflects the long-term vision of organizations and whales, especially during strong market growth periods.
Lookonchain Analytics, 2025 (Lookonchain Report, X.com)
The active buying wave from this group of wallets is considered one of the strong price increase drivers for Ethereum in the recent quarter. Furthermore, the connection of new wallets with major financial organizations further reinforces the view that 'smart money' is betting on Ethereum's future.
What does Ethereum’s supply surpassing 121 million ETH mean?
The circulating supply of ETH has surpassed 121 million Tokens, an increase of 1 million in just nearly three years since August 2022, according to CryptoQuant data.
The Ethereum ecosystem is currently generating an average of 2,500–3,000 new ETH per day. However, the large amount of staking with over 36.18 million ETH locked plays a balancing role, reducing the inflationary impact on actual circulation. This data reflects two sides of growth: it shows the network's attractiveness to Validators while marking sustainable development levels, even though concerns about long-term supply inflation scenarios have not been completely alleviated.
Staking helps reduce ETH inflation pressure, but the decisive factor for price remains network demand and long-term investment confidence.
CryptoQuant Research, 2025 (CryptoQuant Market Report)
The increase in supply makes many analysts skeptical about the long-term deflationary nature of ETH. However, the staking ratio remains high, while the demand for using Blockchain services on the Ethereum platform continues to play a key role in stabilizing and developing prices.
What impact does the largest short liquidation of ETH in months have on the market?
The largest short liquidation of ETH in months has helped boost demand for ETH and caused prices to surge rapidly.
When ETH prices surge past 4,000 USD, a series of short orders encounter mandatory liquidation, creating a FOMO effect and forcing many traders to reverse their positions. This triggers a wave of buybacks (short squeeze), further driving prices up. According to Deribit and Coinglass data in the first half of 2025, large liquidation events often contribute to pushing ETH prices up over 8% within 48 hours following the event.
The short squeeze effect at ATH peaks is a strong catalyst for driving ETH prices higher, especially when liquidation volumes in the derivatives market reach record levels.
Coinglass Research, 2025 (Coinglass Market Report)
In fact, short squeezes often accompany strong volatility and risks of market anticipation, so investors need to carefully consider before participating at such high-volatility times.
What is the role of staking in ETH supply and price?
Direct staking reduces ETH flow in the market, partially balancing new issuance and positively impacting Ethereum's price movement.
As of August 2025, over 36.18 million ETH has been locked in staking — accounting for about 30% of the total circulating supply. This not only helps control inflation levels but also maintains a stable Blockchain network through the Proof of Stake (PoS) mechanism. Moreover, the staking surge encourages long-term holding of ETH, reducing the amount available for trading in the market, contributing to a sustainable upward price trend.
Experts at Nansen Analytics emphasize: If the staking ratio remains or increases, the likelihood of ETH supply shocks appearing in the Spot market will increase — leading to the risk of significant price volatility whenever demand spikes.
What signs do large organizations accumulating ETH bring to retail investors?
The continuous accumulation of ETH by financial organizations and whales through the OTC market reflects a long-term belief in the price appreciation potential of Ethereum and the proactive positioning of the 'smart money' group.
Data from Glassnode and Lookonchain continuously records the formation of new whale wallets, which are often likened to significant investment signals, shaping the medium-long term growth momentum of Ethereum. Large transfers of ETH from exchanges to personal wallets also often accompany breakout price increases in the history of the cryptocurrency market.
The accumulation by organizations is a strong signal indicating sustainable growth expectations for Ethereum globally.
Glassnode Insights, 2025 (On-chain data report)
Retail investors often 'follow' institutional cash flows, but should be aware that the timing lag in buying-selling and risk management discipline are key factors to avoid being swept up in FOMO waves when prices have surged for several consecutive sessions.
How does the price increase momentum compare between Ethereum and other Altcoins?
Ethereum often leads the Altcoin market in scale, technical strength, and whale accumulation levels, while being the only coin with a globally developed DApp and DeFi ecosystem.
Factors Ethereum Solana BNB Chain Highest trading volume among Altcoins (according to CoinMarketCap August 2025) Lower but rapidly growing Stable in Asia and some regions Number of staking wallets 36.18 million ETH (largest) Under 4 million SOL Nearly 1 million BNB Whale scale Extremely strong accumulation (667 million USD in just 4 days) Whale groups beginning to appear There is capital concentration but on a smaller scale DApp and NFT environment Deeply developed (dominating over 60% of global DApp market share) Rapidly developing Concentrated on centralized financial applications
Ethereum continues to maintain an advantage in both scale and institutional presence, while Altcoins like Solana or BNB also show signs of growth but have not yet generated the same strong whale cash flow as ETH.
How will the ETH price scenario unfold in the near future?
Based on price trend analyses, on-chain data, and institutional momentum, ETH has the opportunity to continue its upward trend but will face short-term corrections if large-scale profit-taking occurs in the 4,200–4,500 USD range.
Reports from Glassnode, Santiment, and CryptoQuant all agree: high price levels often see profit-taking pressure; however, if staking flows remain strong and whales continue to accumulate, the ETH price surge in 2025 may be sustainable. This scenario will depend on macroeconomic fluctuations, legal factors (such as Ethereum ETF), and the sustainability of DApp, NFT ecosystems on the Ethereum Blockchain platform. Nevertheless, the risk of a deep correction is always present at historical resistance levels.
The importance of technical indicators (RSI, MACD) in the context of Ethereum growth?
Technical indicators like RSI and MACD are key data that help identify trend strength, overbought or oversold conditions, thereby building trading strategies that suit the volatile nature of ETH.
At the time of closing this article, ETH's RSI index had exceeded 72 — signaling an overbought state on the daily chart. The MACD expanding buying momentum confirms an uptrend but simultaneously warns of potential short-term technical adjustments. Investors should combine these indicators with whale cash flow analysis and staking to make optimal decisions in this highly volatile market.
What factors could counteract the price increase trend of Ethereum?
Despite strong upward momentum, ETH still faces many risks such as profit-taking pressure, macroeconomic fluctuations, changes in global cryptocurrency market regulatory policies, or technical network issues.
History has shown that periods of rapid growth often accompany strong corrections, especially when external risk events occur such as regulatory policies, major exchange hacks, or capital outflows from exchanges to cold wallets. Therefore, investors need to maintain a tight risk management strategy, combining monitoring staking ratios and OTC flows to avoid surprises from sudden reversals.
FAQs about Ethereum, whales, and the market recently
Is Ethereum the second-largest cryptocurrency?
Yes, Ethereum is the second-largest cryptocurrency by market capitalization and global trading volume, just after Bitcoin.
What impact do whale wallets buying ETH through OTC exchanges have on prices?
The fact that whales buy through OTC exchanges usually does not directly cause price volatility on exchanges, but is a strong signal for long-term price increase expectations.
How much ETH is currently in circulation?
As of August 2025, the circulating supply of ETH has surpassed 121 million Tokens, according to CryptoQuant data.
How does staking help reduce ETH supply inflation?
Staking locks a large amount of ETH, reducing circulation in the market, helping to balance new issuance and support ETH prices.
How does short squeeze affect the ETH market?
When a short squeeze occurs, many short positions are liquidated, leading to a buyback effect, causing ETH prices to soar in a short time.
Is the accumulation of ETH by large organizations a signal to buy?
This is a strong signal of price increase expectations, but retail investors should be cautious, avoid FOMO, and manage risks.
What does an RSI above 70 on the daily chart imply for ETH trading?
An RSI above 70 indicates signs of overbought conditions in the market; investors should be cautious of potential adjustments or short-term reversals.
Source: https://tintucbitcoin.com/ethereum-tang-manh-ca-voi-giao-dich-lon/
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