- Institutional giants accumulate over $880M in ETH, signaling long-term bullish conviction.
- Ethereum ETF inflows hit $650M in 12 days, capturing 20% of total crypto inflows.
- MACD and RSI hint at weakening momentum, suggesting short-term ETH consolidation risk.
Ethereum is drawing serious attention from heavyweight investors. Recent activity from institutional giants and on-chain movements by whales suggests growing conviction in ETH.
Despite a minor price dip, Ethereum remains in the spotlight thanks to aggressive accumulation, rising ETF inflows, and optimistic sentiment. However, technical indicators flash caution, pointing to possible short-term consolidation or correction before any sustained rally.
Whale Activity and Institutional Accumulation
Since May 11, BlackRock’s iShares Ethereum Trust has acquired 214,000 ETH worth approximately $560 million. This purchase occurred during a tight price range between $2,500 and $2,700, according to blockchain analytics platform Lookonchain.
Meanwhile, Arkham Intelligence reported a significant acquisition from a wallet tied to Consensys, purchasing $320 million worth of ETH via Galaxy Digital. These high-profile buys highlight a growing trend, whales are betting on Ethereum, despite the lack of immediate price action.
Additionally, analyst Michaël van de Poppe noted that ETH ETF inflows have reached $650 million in just 12 trading days. This represents a striking 20% share of total crypto ETF inflows during the period. Such institutional interest points to Ethereum’s rising status as a preferred digital asset for long-term exposure, particularly among traditional finance players.
The inflow in the $ETH ETF is super positive.
— Michaël van de Poppe (@CryptoMichNL) June 4, 2025
Over the past 12 business days, 650$ million has flown into Ethereum, which is 20% of the entire inflow.
Positive signs and the prime reason why Ethereum is outperforming.
I think that Ethereum is still a must in a portfolio. pic.twitter.com/HgHWzDiuAw
Market Sentiment vs. Technical Indicators
While sentiment remains bullish, technical indicators are flashing caution. Ethereum currently trades at $2,611.24, down 0.63% in 24 hours and 4.27% over the past week.
Technical indicators show signs of caution.The MACD (12,26) analysis shows a bearish crossover, with the MACD line at 92.4 and the signal line at 116.6. A negative histogram suggests that bearish momentum is developing. This could result in near-term price consolidation or a temporary pullback.
Furthermore, the RSI stands at 60.81, which is nearing overbought levels but remains in neutral territory. This indicates momentum is still positive but slowing.
