Two newly created Ethereum (ETH) wallets have accumulated over $1.8 billion worth of the cryptocurrency since July, signaling substantial institutional participation that analysts believe could drive significant upward momentum in the ETH market.
The accumulation reportedly occurred through institutional over-the-counter (OTC) desks, including prominent firms Galaxy Digital and FalconX, pointing to growing market confidence in Ethereum’s long-term value proposition.
Industry analysts now forecast a robust bullish trend for ETH, with multiple projections suggesting potential price targets ranging from $8,000 to $13,000 or higher by the fourth quarter. This outlook reflects expectations that institutional inflows will create sustained demand pressure.
Large-scale ETH movements into custodial wallets may influence decentralized finance ecosystems by reducing immediately available collateral temporarily. However, analysts emphasize that institutional involvement generally supports both price stability and higher valuation thresholds.
This accumulation pattern demonstrates accelerating institutional adoption and highlights Ethereum’s expanding role in traditional investment portfolios amidst evolving cryptocurrency infrastructure.