- Ethereum whales added 1.49M ETH in a month, signaling strong institutional demand
- Price action remains flat despite whale activity, with retail sentiment still bearish
- Technical indicators show weakening momentum, but $2,000 support remains solid
Ethereum is quietly undergoing a massive shift in ownership dynamics. Large investors, commonly referred to as “whales,” are ramping up their ETH holdings at an aggressive pace, signaling a potentially bullish outlook in the face of mixed technical indicators.
Over the past few weeks, a series of significant whale purchases has emerged, suggesting preparation for a major event or structural shift in the Ethereum ecosystem. Despite subdued price action and signs of a short-term correction, the buying trend among institutional players is becoming impossible to ignore.
Institutional Accumulation on the Rise
According to analyst Leon Waidmann, wallets holding between 1,000 and 100,000 ETH have seen a sharp increase. In the past month alone, these 6,392 wallets have collectively added over 1.49 million ETH, a 3.72% rise.
Consequently, they now control nearly 27% of Ethereum’s circulating supply. This accumulation suggests growing confidence among whales while retail traders continue to sell.
Whales Accumulate #ETH Aggressively!
— Leon Waidmann 🔥 (@LeonWaidmann) June 14, 2025
🔸6,392 wallets holding between 1K-100K ETH rapidly scooped up +1.49M $ETH (+3.72%) over the past month.
🔸These wallets now control nearly 27% of ETH’s total supply.
🔸Retail traders selling – whales buying. pic.twitter.com/mEBXn3cudT
Besides this monthly trend, analyst Crypto Patel reports significant over-the-counter (OTC) acquisitions. In just two weeks, whales picked up 166,199 ETH, valued at approximately $435 million. The average acquisition price stood around $2,618, close to current market levels.
Key accumulation events occurred on June 4, June 13, and June 14, with purchases of 108,278 ETH, 2,825 ETH, and 5,463 ETH respectively. One of these transactions is reportedly linked to blockchain firm ConsenSys.
Whales are buying #Ethereum like there’s no tomorrow
— Crypto Patel (@CryptoPatel) June 14, 2025
In the past 2 weeks: 166,199 $ETH (~$435M) accumulated via OTC — avg. ~$2,618
👉 Today: 5,463 ETH ($14M) bought (linked to ConsenSys)
👉 June 13: 2,825 ETH ($7.48M) added
👉 June 4: 108,278 ETH ($283M) picked up
This isn’t… pic.twitter.com/dkzO2iwFRY
This isn’t just routine market activity. The size and timing of these buys indicate strategic positioning for something bigger possibly related to upcoming Ethereum protocol upgrades or macroeconomic shifts.
Price Action and Market Sentiment
Despite the heavy whale activity, Ethereum’s price hasn’t surged dramatically. As of June 14, ETH trades at $2,541.01, reflecting a 0.39% daily gain and a 1.88% weekly increase. Ethereum’s market cap currently stands at over $306 billion, supported by a circulating supply of 120 million ETH.
However, technical indicators paint a mixed picture. The MACD shows a bearish crossover, with the histogram in negative territory. This suggests weakening momentum and the possibility of short-term correction. The RSI stands at 56.75, reflecting mild bullish momentum but declining strength.
Liquidity and Net Flows Show Underlying Tension
Ethereum’s recent liquidity data shows $45.1 million in liquidations over the last 24 hours. Long positions accounted for $25.3 million of that amount, slightly higher than short liquidations at $19.8 million. Bybit and Binance led the exchanges in liquidation volumes, hinting at heightened volatility and indecision among traders.
Meanwhile, net outflows continue to dominate Ethereum’s flow data. On June 14, net outflows hit $16.71 million, reinforcing the bearish tilt in retail sentiment. A key resistance remains at $3,000, with price repeatedly failing to hold above this mark. On the downside, $2,000 has become a strong support zone where accumulation tends to stabilize.
