15.06.2025
Mikhail Vnuchkov
Author at Traders Union
15.06.2025

Ethereum holds key support zone as whales add 1.49M ETH

Ethereum holds key support zone as whales add 1.49M ETH Ethereum draws institutional confidence

​Ethereum (ETH) maintained a strong position above the $2,500 mark on June 15, trading at $2,521.50 despite a modest 0.43% decline over the past 24 hours. This price stability comes amid conflicting market signals: institutional investors continue accumulating the asset, while blockchain data reveals a divergence in behavior between retail and large-scale holders.

According to the analytics platform Santiment, wallets holding between 1,000 and 100,000 ETH — commonly referred to as whale and shark wallets — added a total of 1.49 million ETH over the past 30 days, increasing their combined holdings by 3.72%. This group now controls nearly 27% of Ethereum’s circulating supply.

Divergence between institutional and retail investors

Unlike the large holders, smaller retail investors have become more active in profit-taking following ETH’s pullback from recent local highs near $2,870. This behavior highlights a decline in confidence among private traders, while institutions continue to strengthen their long-term positions. Such a shift may signal a potential change in market structure favoring stronger hands.

ETF outflows and the significance of the $2,500 support level

Another layer of uncertainty was added after Farside Investors reported that U.S.-listed spot Ethereum ETFs recorded a net outflow of $2.1 million on Friday, breaking a 19-day streak of inflows. While the amount is relatively small, it may indicate short-term caution among institutional ETF participants. Nevertheless, Ethereum’s technical outlook remains favorable: the $2,500 level continues to serve as a key support zone, reinforced by ongoing whale accumulation. This could form the foundation for the next upward move, especially if macroeconomic and regulatory conditions improve.

Staking, institutional outlook, and price targets

Institutional focus is increasingly shifting toward staking-based ETFs, which are currently awaiting regulatory approval. These instruments could offer investors passive income on staked ETH, enhancing Ethereum’s appeal as both a growth asset and a yield-generating tool. With ETH’s deflationary model and its growing role in tokenizing real-world assets (RWAs), it is seen as a cornerstone of the future blockchain economy.

Crypto analyst Crypto Patel forecasts a short-term rally to $4,000 and a potential breakout above $10,000 if resistance levels are breached.

ETH Price Forecast, Source: Crypto Patel (X)

In conclusion, while retail investors remain cautious, the strategic positioning of whales signals strong institutional confidence in Ethereum’s long-term future.

Also Read: Vitalik Buterin proposes tenfold increase in Ethereum’s throughput

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