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Ethereum Eyes $3,000 as Whale Accumulation Grows

by Ouess
written by Ouess

Ethereum breaks out of a bullish pattern, signaling a potential rally. Whale accumulation and institutional inflows boost confidence in ETH’s long-term growth.

Ethereum Breaks Out—Is $3,000 Next?

Ethereum (ETH) is seeing strong accumulation from large investors, with analysts comparing its current pattern to last year’s February rally. ETH has recently broken out of a falling wedge, a historically bullish signal, and is now trading around $2,692.

Crypto analyst MerlijnTrader pointed out that Ethereum’s chart mirrors its parabolic run from last year. If history repeats, ETH could be on the verge of a sharp price increase in the coming weeks.

https://twitter.com/MerlijnTrader/status/1888981260585812023

Technical Indicators Point to Strength

Ethereum’s Relative Strength Index (RSI) is at 52.28, suggesting mild bullish pressure. If buying continues, momentum could increase. The MACD line is above the signal line, another bullish indicator, showing growing buying pressure.

Additionally, the MACD histogram is trending up, reinforcing the potential for extended gains.

ETH USD MACD chart Source : Aiolux

Whale Accumulation Signals Long-Term Confidence

Ethereum whales have been moving massive amounts of ETH off exchanges, signaling long-term holding rather than selling. According to Santiment, over 224,410 ETH were withdrawn from exchanges on February 8-9, the highest in 23 months.

https://twitter.com/santimentfeed/status/1889137692958490985?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1889137692958490985%7Ctwgr%5E866f261ccadf34cbb7089b863b835624661ae406%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.thecoinrepublic.com%2F2025%2F02%2F12%2Fwhales-accumulate-ethereum-price-as-analysts-predict-a-parabolic-move%2F

Analyst Ali also noted that addresses holding 10,000+ ETH have increased by 2.3% since February 1, showing rising demand among major investors.

https://twitter.com/ali_charts/status/1889487838573445242

Institutional interest is also growing. Ethereum ETFs saw over $400 million in inflows last week, reflecting confidence in ETH’s long-term potential. Analyst TedPillows highlighted that Ethereum has maintained its uptrend support since May 2023, further strengthening the bullish outlook.

https://twitter.com/TedPillows/status/1888915896241930713?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1888915896241930713%7Ctwgr%5E866f261ccadf34cbb7089b863b835624661ae406%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.thecoinrepublic.com%2F2025%2F02%2F12%2Fwhales-accumulate-ethereum-price-as-analysts-predict-a-parabolic-move%2F

Could Ethereum Hit $4,000?

Several factors could drive Ethereum’s next major rally:

  • Donald Trump reportedly buying ETH, adding to market speculation.
  • Lower gas fees and scalability improvements making Ethereum more attractive.
  • A potential break above $3,000, which could trigger FOMO buying and institutional interest.

If ETH surpasses $3,000, analysts predict it could surge toward $4,000 in the coming months, following a pattern similar to last year’s rally.

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Ethereum Faces Sell-Off: ETF Outflows and Whale Dumps Raise Concerns

by Ouess
written by Ouess

Ethereum (ETH) is currently under significant selling pressure, with recent data showing substantial outflows from Ethereum ETFs. This has coincided with a large sell-off by a prominent ETH whale, intensifying fears of a potential decline in ETH’s price.

Ethereum ETF Outflows Signal Caution

On Thursday, August 15, Ethereum ETFs experienced a notable net outflow of $39.2 million, reflecting investors’ diminishing confidence in ETH’s short-term prospects. Grayscale’s Ethereum Trust (ETHE) led the outflows with $42.5 million withdrawn. In contrast, Fidelity’s Ether ETF (FETH) saw a modest inflow of $2.54 million, according to Farside Investors. The total net asset value of spot Ethereum ETFs has now dropped to $7.16 billion, down significantly from over $10 billion when they were first launched. These outflows highlight a growing sense of caution among investors.

Whale Dumps ETH Amid Market Volatility

Further adding to the bearish sentiment, a major Ethereum whale recently offloaded a large portion of their holdings. On August 5, during a market dip, this whale purchased 2,978 ETH at an average price of $2,367, totaling about $7.05 million. However, the whale sold all of this ETH today at an average price of $2,586, securing a profit of $720,000.

In addition, Ether long liquidations reached $46.97 million, according to Coinglass. BlockTower Capital also sold $25 million worth of ETH, further fueling the sell-off. With Ethereum ETF outflows and these sell-offs, crypto analyst Ali Martinez pointed out that the TD Sequential indicator has flashed a sell signal on Ethereum’s hourly chart. He predicts a potential one to four candlestick correction in the short term.

Staking Inflows Hint at Further Price Drops

Adding to the bearish outlook, Crypto Quant analyst Amr Taha identified a pattern where large staking inflows are often followed by sharp price declines. This pattern was particularly evident at the end of July and mid-August, when large staking events coincided with Ethereum’s price volatility. As of the latest data, staking inflows have surpassed 16,000 ETH, which could signal more price turbulence ahead.

ETH Price Analysis and Potential Decline

Ethereum is currently trading between two critical levels: support at $2,060, marked by the 200-day Exponential Moving Average (EMA), and resistance at $2,817, defined by the 50-day EMA and the 50% Fibonacci retracement level. The direction in which Ethereum breaks out from this range will likely determine its short-term trend.

However, the threat of a “death cross” amid ongoing Ethereum ETF outflows could accelerate ETH’s price decline. The 20-day EMA is converging with the 50-day EMA on the weekly chart, a setup that has historically led to significant price drops. The last time this pattern appeared in May 2022, Ethereum’s price plummeted by 68%, from $2,885 to $887.

Adding to this bearish scenario, Ethereum’s Relative Strength Index (RSI) remains in a downtrend, currently at a neutral 42. This suggests Ethereum is not yet oversold, leaving room for further declines before any potential reversal.

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Spot Ethereum ETFs See $104M Inflows Amid Market Volatility

by Ouess
written by Ouess

Spot Ethereum ETFs experienced a rollercoaster week, marked by both significant inflows and outflows, reflecting mixed market sentiment. By the week’s end, these ETFs recorded a net inflow of nearly $105 million, sparking discussions about Ethereum’s (ETH) potential move toward the $3,000 mark.

Weekly Overview of Spot Ethereum ETF Flows

The week started strong on Monday, August 5, with spot Ethereum ETFs seeing net inflows of $48.8 million. BlackRock led the way, securing $47.1 million of these investments. Fidelity and VanEck followed with inflows of $16.2 million and $16.6 million, respectively.

However, not all was positive. Grayscale’s Ethereum Trust (ETHE) experienced significant outflows of $46.8 million, although its smaller Ethereum ETF managed to draw in $7.6 million. This created a mixed market sentiment early in the week.

Tuesday, August 6, continued the positive momentum as Ether ETFs recorded $98.4 million in inflows. BlackRock once again dominated, attracting $109.9 million. Fidelity also performed well, securing $22.5 million in new investments. Yet, Grayscale’s ETHE struggled with $39.7 million in outflows, showing that caution still lingered among investors.

Midweek Shift: Outflows Begin

By midweek, the trend shifted. Wednesday, August 7, saw a total net outflow of $23.7 million for spot Ethereum ETFs. Grayscale’s ETHE faced $31.9 million in outflows, overshadowing a modest inflow of $4.7 million into Fidelity’s ETH ETF. This marked a turning point, highlighting the volatility in the market.

On Thursday, August 8, the outflow trend continued, though at a slower pace. The total net outflow for Ether ETFs was $2.9 million, with Grayscale’s ETHE leading the outflows at $19.8 million. In contrast, its smaller Ethereum ETF attracted $5 million in new investments. BlackRock’s ETH ETF also saw positive inflows of $11.7 million, partially balancing the overall outflows.

End-of-Week Recap: Mixed Sentiment Prevails

The week wrapped up on Friday, August 9, with spot Ethereum ETFs recording a net outflow of $15.8 million. Despite this, the overall weekly inflow remained positive at $104.8 million, thanks to BlackRock’s $19.6 million contribution. Fidelity’s FETH saw a smaller inflow of $3.9 million, while Grayscale’s ETHE continued to face heavy outflows, losing $41.7 million. This brought ETHE’s cumulative historical net outflows to a staggering $2.29 billion.

Will Ethereum Surge to $3,000?

Despite the mixed performance of spot Ethereum ETFs, Ethereum’s price remained relatively stable, fluctuating between $2,300 and $2,650 throughout the week. Analysts from QCP Capital noted a fundamental shift in the liquidity profiles of Bitcoin (BTC) and Ethereum. While Bitcoin is increasingly viewed as “digital gold,” Ethereum seems to be losing some of its appeal as a speculative asset.

ETH USD Hourly chart

This shift became evident on August 5, when ETH saw a 22% drop in value, compared to a 16% decline in BTC. The growing gap in implied volatility between BTC and ETH, expanding from 5% to 20% since the introduction of spot Ethereum ETFs, suggests that investors are adjusting their strategies.

As Ethereum hovers around the $2,600 level, bulls may attempt to push the price toward $3,000. However, technical indicators, including a potential death cross between the 50-day and 200-day exponential moving averages (EMAs), hint at increasing selling pressure, which could drive ETH’s price down to $1,830.

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Ethereum ETFs See $106.78M Inflows on First Trading Day

by Ouess
written by Ouess

On their first day of trading, Ethereum ETFs saw significant activity. Investors traded over $1 billion worth of shares of the newly launched ether (ETH) exchange-traded funds (ETFs), according to Bloomberg data.

Impressive Inflows

From this $1 billion, there was a net inflow of $106.78 million, as reported by SoSoValue. Notably, Grayscale’s Ethereum Trust (ETHE) experienced a substantial outflow of $484 million. In contrast, the BlackRock iShares Ethereum Trust ETF (ETHA) led the pack with an inflow of $266.5 million, followed by Bitwise’s Ethereum ETF (ETHW) with $204 million.

Comparisons with Bitcoin ETFs

For context, the spot bitcoin ETFs had a trading volume of $4.5 billion on their launch day, but only about $600 million of that was net inflow. The Ethereum ETFs’ trading volume of $1.077 billion represented roughly 20% of what the spot bitcoin ETFs saw on their first day in January.

Market Observations

Many market analysts had anticipated lower volumes and inflows for the ETH ETFs due to the absence of a staking mechanism. Despite these predictions, the Ethereum ETFs managed to draw significant investor interest and capital on their debut.

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Spot Ether ETF Trading to Begin Next Week

by Ouess
written by Ouess

The Securities and Exchange Commission (SEC) has approved the trading of spot Ether (ETH) exchange-traded funds (ETFs) starting next Tuesday. Prospective issuers have been instructed to submit their final S-1 documents by Wednesday, according to sources familiar with the matter.

Final Steps for Trading

SEC officials informed one issuer that there were no further comments on the recently submitted S-1s, and the final versions must be submitted by Wednesday. Subsequently, the funds can be listed on exchanges starting Tuesday, July 23. Another source mentioned that trading could start on Tuesday, following the ETFs’ effectiveness on Monday.

Fee Disclosure and Market Expectations

Issuers submitted amended S-1 documents last week but have not disclosed all details, such as management fees. So far, only a few issuers, including VanEck and Invesco Galaxy, have revealed their fees.

Predicted Market Impact

Once live, spot Ether ETFs could attract significant investments. Crypto exchange Gemini predicts inflows of up to $5 billion within the first six months. Steno Research expects inflows to reach up to $20 billion in the first year.

Market Reaction to the News

ETH USD Hourly chart

The price of Ether surged by 7.3% on Monday, outperforming Bitcoin’s 6% gain, in response to the ETF trading news.

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