Institutional investors and unidentified whales have accumulated 1.035 million Ethereum tokens, valued at approximately $4.17 billion, during a recent price surge that propelled ETH from $2,600 to over $4,000. This represents a 45% price appreciation since July 10, signaling aggressive institutional positioning in the cryptocurrency.
Transactions escalated significantly in size during the accumulation phase, growing from initial transfers of 250-500 ETH to over 1,800 ETH per transaction. Data reveals the average institutional acquisition cost settled around $3,546 per ETH token during this period.
Analyst Michaël van de Poppe cautioned against entering positions at current price levels, describing ETH’s movement as ‘wild’ and potentially unsustainable. He instead recommended investors explore opportunities across Ethereum’s broader ecosystem for potentially higher returns relative to direct ETH exposure.
Ethereum currently trades near $4,170 following a 6.6% daily increase, approaching its peak of roughly $4,800 recorded years prior. The token has delivered impressive 30-day growth approaching 50%. While the accumulation underscores sustained institutional conviction, market analysts uniformly warn this momentum may indicate short-term overextension and urge investor caution.