- A whale purchase of 108,278 ETH and $321M in inflows highlight rising institutional confidence despite Ethereum’s recent dip.
- Ethereum ETFs post ten straight days of net inflows as layer-1 scalability plans and strong fundamentals boost investor sentiment.
- Ethereum trades above $2,600 with consistent volume and strong support, reflecting bullish recovery after a volatile correction phase.
Ethereum witnessed a boost in market sentiment following a massive OTC transaction and strong institutional inflows. According to Lookonchain, a whale or institutional player acquired 108,278 ETH, worth approximately $283 million. This came shortly after Galaxy Digital’s OTC wallet withdrew 89,000 ETH—valued at $233.5 million—from centralized exchanges. The purchased ETH was transferred to wallet 0x0b26, which now holds 139,476 ETH, roughly $365 million. These large movements signal rising confidence from major players despite recent price dips.
Institutional Inflows Dominate Weekly Momentum
According to CoinShares, Ethereum led digital asset inflows last week with $286 million. Consequently, the seven-week total now stands at an impressive $10.9 billion. Moreover, Ethereum dominated this week’s flows again, attracting $321 million in net investments. This marks six consecutive weeks of positive inflows, totaling $1.19 billion. Significantly, Ethereum ETFs have driven much of this surge, maintaining ten straight sessions of net-positive flows.
Besides institutional interest, Ethereum’s long-term fundamentals continue to evolve. At ETHGlobal Prague, Vitalik Buterin revealed plans to boost Ethereum layer-1 scalability by 10x within a year. This initiative aims to achieve scale without sacrificing decentralization or Ethereum’s core values. Hence, the network’s long-term viability appears stronger than ever.
Technical Trends Support Long-Term Optimism
Ethereum traded at $2,626.5 on June 4, 2025 as per TradingView data, gaining 3.44% in a single trading session. However, the price had recently dropped below $2,500 due to concerns related to the Pectra upgrade attack. Despite this, technical indicators suggest solid market activity. Notably, the accumulation/distribution chart indicates sustained institutional involvement throughout the last five years.
Source: TradingView
Moreover, Ethereum’s historical price from 2020 to 2025 reveals cyclical but bullish patterns. After peaking at $4,800 in 2021, ETH dropped to $800 in late 2022. It then steadily recovered, moving between $1,500 and $2,000 during 2023.
In 2024, ETH rose past $2,000 and checked $4,000 levels more than a few times. In the current scenario, ranging between $2,500 and $3,000, ETH scares investors with volatility as if to test key support zones. On the other hand, a trading volume of 30,000 ETH suggests that the market is seeing increasing activity.
