Ethereum (ETH) experienced a strong rebound above $4,400 as whales and institutional investors poured nearly $375 million into the market in a single day. On-chain data revealed that whales acquired $204 million worth of ETH, while spot Ethereum ETFs saw inflows totaling $171 million, showcasing growing institutional confidence in Ethereum.
According to Lookonchain, three newly created wallets received 46,347 ETH valued at $204.4 million from FalconX hot wallets within just three hours. The largest transaction involved over $82 million, while two other wallets each accumulated more than $40 million. These moves highlight long-term accumulation strategies by major investors and signal continued institutional appetite for Ethereum.
ETH reacted positively to the buying activity, climbing to $4,423—up 1.68% in the past 24 hours, and gaining $73 compared to the previous day’s close. Over the past month, ETH is up 4.64%, with six-month gains at 131.23% and yearly growth at 85.07%. Year-to-date, Ethereum has risen 32.7%. Analysts now see $4,500 as the next resistance level, with strong institutional inflows expected to support price stability above $4,300.
Meanwhile, spot Ethereum ETFs recorded $171.5 million in daily inflows, boosting total net assets to $27.73 billion, per SoSoValue data. BlackRock’s ETHA fund led with $74.5 million in inflows, followed by Fidelity’s FETH at $49.55 million. Products from VanEck, Grayscale, Bitwise, and Invesco together added another $40.38 million, reflecting widespread institutional adoption.
This combined whale and ETF activity underscores Ethereum’s rising importance in institutional portfolios. With nearly $375 million flowing into ETH in one day, the trend confirms increasing demand from asset managers and long-term holders. Many analysts believe that continued ETF momentum could push Ethereum toward the $10,000 mark in the future, strengthening its role as a cornerstone of the global financial system.
