Ethereum whales scoop up 260K ETH, fueling $5K recovery hopes

Key takeaways:

• Ethereum whales bought 260,000 ETH successful the past 24 hours, signaling accumulation.

• Whales, BitMine and ETFs adhd billions of dollars successful ETH, reinforcing bullish demand.

• Price technicals favour the bulls with targets betwixt $5,000 and $6,000.

Despite the terms drawdown, whales support buying hundreds of thousands of ETH, igniting hopes of Ether’s imaginable instrumentality to all-time highs.

Ethereum whales bargain the dip

Responding to the marketplace correction implicit the past week, Ether (ETH) whales took vantage of the drop to $4,200.

Data from Santiment shows that whale addresses holding betwixt 10,000 and 100,000 ETH roseate by 4% betwixt Aug. 24 and Tuesday. Moreover, these large investors person accumulated astir 260,000 ETH worthy $1.14 cardinal successful the past 24 hours.

Total addresses holding betwixt 10K and 100K ETH. Source: Santiment

This underscores the confidence these ample investors have successful the aboriginal prospects of ETH, contempt its latest terms correction.

Related: Ether could spot the ‘biggest carnivore trap’ this month: Analysts

As Cointelegraph reported, Bitcoin (BTC) whales rotating billions of dollars into Ether is simply a continuing trend. 

On Monday, a whale holding $5 cardinal worthy of BTC bought and staked $1.08 cardinal of ETH via Hyperunit, information assets Arkham Intelligence revealed successful a station connected X, adding: 

“Including past week’s purchases, this whale has present bought and staked $3.5 cardinal of ETH successful total.”

Ethereum whale transaction history. Source: Arkham Intelligence

These moves coincide with BitMine’s continued propulsion into Ethereum. Over the past week, the institution added $354.6 cardinal successful Ether, pushing its full holdings to 1.71 cardinal ETH (valued astatine astir $8 billion), making it the largest firm holder of ETH and the second-largest crypto treasury down Strategy. 

— Bitmine BMNR (@BitMNR) August 25, 2025

Global Ethereum concern products attracted much than $1.4 cardinal successful inflows past week, portion spot Ethereum ETFs saw $1.4 cardinal successful inflows betwixt Aug. 25 and Friday. 

This strengthens the communicative that Wall Street views the caller ETH terms drawdown arsenic a bully introduction opportunity.

Can ETH terms retrieve to $5,000?

Data from Cointelegraph Markets Pro and TradingView shows ETH trading wrong a symmetrical triangle successful the four-hour clip frame, arsenic shown successful the illustration below.

The terms indispensable adjacent supra the triangle’s precocious trendline astatine $4,440 to corroborate a bullish breakout. Note that this is wherever the 50-period elemental moving mean (SMA) and the 100 SMA converge.

Above this level, the terms faces absorption betwixt $4,800 and a $4,950 all-time high, which, if broken, tin ascent rapidly to the measured people of $5,249. 

Such a determination would bring the full gains to 20% from the existent level.

ETH/USD regular chart. Source: Cointelegraph/TradingView

Popular expert CryptoGoos says Ether’s macro operation remains strong, with the altcoin’s breakout from a falling wedge inactive successful play connected the play chart.

The measured people of the falling wedge was $6,100, arsenic shown successful the illustration below.

“Don’t merchantability your $ETH excessively early!” the expert told followers successful an X station connected Tuesday. 

ETH/USD play chart. Source: CryptoGoos

Other metrics besides suggest that Ethereum’s bull rhythm is not over, with respective method setups projecting that ETH’s terms could ascent toward $10,000-$20,000 successful the coming months.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.