TLDR
- Ethereum whales accumulated over 150,000 ETH worth $560 million in just four days through major purchases
- Bitwise CIO says ETH demand from ETFs and treasuries is 32 times higher than new token supply since mid-May
- ETH price trades around $3,620 after gaining over 160% in three months, facing resistance at $3,800
- Technical analysis shows Ethereum testing upper boundary of multi-year triangle pattern with potential breakout to $5,200
- ETH ETFs recorded $296.5 million in net inflows on Tuesday, marking 12 straight days of positive flows
Ethereum price has captured attention as major whale accumulation coincides with predictions of a supply-driven rally. The second-largest cryptocurrency trades near $3,620 after months of strong performance.
Recent whale activity shows massive institutional interest. A newly created wallet accumulated 33,644 ETH worth $125.73 million through FalconX in 24 hours….
