Large-scale Ethereum investors are significantly increasing their holdings despite recent market volatility, indicating robust confidence in ETH’s long-term potential and forthcoming price movements. Over 200 new mega-whale wallets holding 10,000+ ETH have emerged since July, demonstrating aggressive accumulation patterns.
This accumulation coincides with substantial institutional inflows, as BlackRock’s iShares Ethereum Trust recorded $1.7 billion in net investments over ten consecutive trading sessions. Significant whale activity was further highlighted by a single entity acquiring approximately $300 million worth of ETH via over-the-counter trades through Galaxy Digital.
Ethereum’s market performance reflects this sustained demand, with prices rebounding from below $3,400 to surpass $3,550 threshold during recent fluctuations. Industry analysts interpret the current dip as a strategic accumulation window, projecting potential ETH price targets between $3,800 and $4,000 due to converging institutional interest and technical factors.
Market observers note these accumulation trends and ETF flows suggest deepening institutional adoption could catalyze Ethereum’s next significant price breakout.