In a powerful signal of renewed institutional and large-holder confidence, Ethereum (ETH) has seen its most significant single-day whale accumulation since 2018. According to on-chain data shared by analyst Quinten and sourced from Glassnode, whales purchased nearly 1 million ETH in just one day—a staggering volume that echoes the early stages of previous bull cycles.
This surge in accumulation coincides with a critical price zone: $1,550 to $2,500, which has historically marked macro bottoms before explosive rallies. As ETH trades near $2,459—right at the upper edge of this range—market observers are watching closely to see if history will repeat itself.
With over 14.2 million ETH now held by wallets owning between 1,000 and 10,000 ETH, the current buildup suggests that smart money is positioning for a potential breakout.
👉 Discover how major investors are shaping the next phase of Ethereum’s price movement.
Ethereum Whale Activity Surges
Whales—large cryptocurrency holders capable of influencing market trends—are showing renewed interest in Ethereum. One particularly telling sign came when a dormant wallet, inactive for more than 1.2 years, suddenly reactivated.
As revealed by Onchain Lens, this long-silent whale withdrew 1,051 ETH (worth approximately $2.58 million at current prices) from Binance. Such moves often precede strategic buying or reallocation, especially during market consolidation phases.
This isn’t an isolated event. Across the network, large holders are increasing their positions aggressively. The net position change for wallets holding 1,000–10,000 ETH reached 14.2 million ETH by the end of June, indicating sustained accumulation during periods of price stagnation.
Why does this matter?
Whale behavior is often a leading indicator. When large investors buy during sideways or declining markets, they typically do so with long-term conviction—anticipating future price appreciation once broader market sentiment turns positive.
Moreover, increased whale activity tends to tighten supply, reducing available sell pressure and creating structural support for upward momentum.
Staking Hits All-Time High: Supply Squeeze in Motion
Another critical development reinforcing bullish sentiment is the rise in Ethereum staking.
On June 25, the total percentage of staked ETH reached a record high of 29.02%. This means nearly one-third of all circulating ETH is locked up in the Beacon Chain and unavailable for trading.
Staking reduces liquid supply—a key factor in price formation. With fewer coins available on exchanges and in active circulation, even moderate increases in demand can drive substantial price gains.
This dynamic mirrors the "supply shock" seen in previous cycles, where reduced availability combined with growing investor interest triggered rapid rallies.
Additionally, rising staking participation reflects strong network confidence. Validators aren’t just holding; they’re actively securing the network and earning yield, aligning their incentives with Ethereum’s long-term success.
👉 See how staking trends are reshaping Ethereum’s economic model.
The $1,550–$2,500 Zone: A Proven Cycle Bottom
One of the most compelling arguments for an upcoming rally lies in technical history.
The $1,550 to $2,500 range has repeatedly served as a macro bottom across multiple market cycles:
- In 2017, ETH rebounded from below $2,500 before surging toward $1,400 (adjusted for splits).
- In 2019, after consolidating around $130–$300, Ethereum retested higher and broke out following accumulation in prior ranges.
- In 2020–2021, the same relative valuation zone acted as foundational support before ETH climbed to new all-time highs above $4,800.
Each time, after retesting this zone during recovery phases, Ethereum entered vertical growth phases.
Now, in 2025, ETH is once again trading near $2,459—just below the upper boundary of this historically significant range.
If past patterns hold, this could be the final accumulation phase before a breakout rally targeting $4,000 to $5,000.
However, technical setups require confirmation.
A sustained close above $2,750** would validate bullish momentum and likely trigger algorithmic and institutional buying. Conversely, failure to hold above $2,460 could lead to a pullback toward the stronger support band near $1,700**.
Thus, the immediate battleground lies between $2,460 and $2,750—a breakout or breakdown from this zone will set the tone for the next leg.
Frequently Asked Questions (FAQ)
What defines a "whale" in Ethereum?
A whale typically refers to an individual or entity holding a large amount of ETH—commonly defined as wallets with 1,000 to 10,000 ETH or more. These addresses have significant market influence due to their ability to move prices through large transactions.
Why is whale accumulation bullish for Ethereum?
When whales buy during downtrends or consolidation periods, it signals confidence in future price appreciation. Their purchases absorb selling pressure and reduce circulating supply, creating structural support for rallies.
How does staking affect Ethereum’s price?
Staking locks up ETH, removing it from liquid markets. With less supply available for trading, demand imbalances can occur more easily, potentially accelerating price increases during uptrends.
Is $2,500 a guaranteed support level?
While not guaranteed, historical data shows that the $1,550–$2,500 range has consistently marked cycle lows. Repeated tests of this zone without breaking lower suggest strong underlying demand.
What would confirm a bullish breakout?
A daily close above $2,750—especially on rising volume—would confirm bullish momentum. Additional confirmation includes continued whale accumulation and rising staking rates.
Could Ethereum reach $5,000?
Based on prior cycle patterns and current accumulation trends, a move to $4,000–$5,000 is plausible if macro conditions remain stable and investor sentiment improves. However, external factors like regulation and global liquidity also play key roles.
Final Outlook: A Market at an Inflection Point
Ethereum stands at a pivotal moment.
With whales accumulating at levels not seen since 2018, staking hitting record highs, and price retesting a well-established macro bottom zone, the foundation for a major rally appears to be forming.
The convergence of on-chain strength, reduced liquid supply, and historical technical patterns creates a compelling narrative for upside potential.
Yet, markets demand patience and confirmation. A breakout above $2,750 must be sustained. Whale buying needs to continue. And broader crypto market sentiment must align.
For now, all eyes are on the $2,460–$2,750 resistance band. A decisive move through this zone could unlock the next phase of growth—one that may propel Ethereum toward $4,000 and beyond.
👉 Explore real-time data and tools to track Ethereum’s next major move.