Ethereum may not be exploding on the charts right now, but something big is brewing beneath the surface. On June 15, yesterday, high-value wallets holding between 1,000 and 10,000 ETH snapped up over 818,000 ETH in a single day, roughly $2.5 billion worth of accumulation, making it the largest daily whale inflow since 2018.
These addresses, often linked to hedge funds, long-term believers, and institutional desks, now hold over 16 million ETH, up from just under 12 million last year. It’s not noise. It’s conviction.
At the time of writing, Ethereum is consolidating near $2,613, trading inside a well-respected channel that’s held for months. Nothing flashy yet, but that’s often how breakouts start.
The current range mirrors ETH’s 2017 setup, when months of sideways movement led to a sudden vertical rally. Could this be a repeat?
CoinShares data shows Ether-based investment products pulled in over $583 million last week. That brings total inflows for 2025 to $2.28 billion. This isn’t just whale wallets. It’s structured capital moving in quietly, the kind that doesn’t chase pumps.
Retail might be bored, but the whales are busy. With Ethereum maintaining support above $2,555 and whale wallets adding billions, this quiet stretch may be the calm before a move. A clean break above $2,815 could trigger a wave of upside, especially if it’s backed by volume.
Meanwhile, Bitcoin’s price continues to trade firm above $107,000, reinforcing the broader market’s risk-on tilt. If BTC regains momentum, ETH could quickly follow, turning this slow grind into a sharp breakout.
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This post was last modified on Jun 16, 2025, 14:59 BST 14:59