ETH holdings among the 1,000\u201310,000 wallet cohort now exceed 16 million.
\nETH-focused funds saw $583 million in inflows last week alone.
\nPrice remains in the $2,150\u2013$3,600 range despite a 90% rally over two months.<\/p>\n
Ethereum has seen a dramatic surge in accumulation activity among its largest holders, with wallets holding between 1,000 and 10,000 ETH adding over 818,410 ETH\u2014worth roughly $2.5 billion\u2014 on Sunday.<\/p>\n
This marks the sharpest one-day increase in holdings for this wallet cohort since 2018, according to on-chain data.<\/p>\n
The same addresses, typically linked to early adopters, crypto funds, and so-called \u201cwhales\u201d, now control more than 16 million ETH, up from around 11.9 million ETH a year earlier.<\/p>\n
The spike in whale accumulation appears to be reinforced by heightened institutional demand.<\/p>\n
According to CoinShares\u2019 weekly report published on Friday, Ethereum-focused investment funds attracted inflows totalling $583 million in the week ending\u00a0 June 13, raising the net total for the year to $2.28 billion.<\/p>\n
This reflects a growing appetite for Ether among traditional asset managers and crypto-native firms alike.<\/p>\n
Ethereum is currently trading at $2,643, and despite rising more than 90% in the last two months, it remains within a long-term consolidation range defined by $2,150 and $3,600.<\/p>\n
The price structure has drawn comparisons to its historical pattern between 2016 and 2017, when Ethereum moved sideways after the DAO exploit and subsequent Ethereum Classic fork.<\/p>\n
Back then, the coin\u2019s price eventually broke out of a $10\u2013$20 range, climbing to over $1,500 in less than a year during the ICO boom.<\/p>\n
Market analyst Milkybull Crypto noted that today\u2019s conditions share a similar technical setup.<\/p>\n
The current phase of sideways price action is occurring above Ethereum\u2019s 50-week and 200-week exponential moving averages (EMA), both of which are widely viewed as key trend indicators by traders.<\/p>\n
These support levels are holding firm despite macroeconomic headwinds and short-term volatility in broader crypto markets.<\/p>\n
Analysts say Ethereum is \u201ccoiling\u201d beneath resistance levels and primed for a potential breakout.<\/p>\n
The upper limit of the current channel\u2014around $4,000\u2014is seen as the first major price target, with several market watchers highlighting this level as a critical inflection point.<\/p>\n
If broken, it could initiate a larger upside move, similar to previous breakout cycles.<\/p>\n
According to Milkybull Crypto\u2019s projections shared in May, a longer-term target of $10,000 for ETH \u201ccannot be ruled out.\u201d<\/p>\n
This would represent a more than 275% increase from current levels.<\/p>\n
While such targets are speculative, the comparison to Ethereum\u2019s 2017 performance has gained traction among technical analysts tracking historical cycles.<\/p>\n
In that cycle, Ethereum\u2019s price was driven largely by ICO mania and a surge in developer activity.<\/p>\n
This time, the drivers are different: ETH ETFs are gaining traction, staking yields continue to attract capital, and tokenisation projects are expanding use cases for the network.<\/p>\n
Despite these differences, analysts argue that the underlying pattern of breakout consolidation remains comparable.<\/p>\n
The post Ethereum whales buy $2.5 billion in ETH as price targets $4,000 breakout<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" ETH holdings among the 1,000\u201310,000 wallet cohort now exceed 16 million. ETH-focused funds saw $583 million in inflows last week alone. Price remains in the $2,150\u2013$3,600 range despite a 90% rally over two months. Ethereum has seen a dramatic surge in accumulation activity among its largest holders, with wallets holding between 1,000 and 10,000 ETH […]<\/p>\n","protected":false},"author":0,"featured_media":3830,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[100],"tags":[],"class_list":{"0":"post-3829","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=3829"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3829\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/3830"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=3829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=3829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=3829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}