Ethereum shows signs of new strength as larger investors enter the market.
The second-largest cryptocurrency by value has been trading at $2,575, up 1.5% in the last 24 hours. Its prices moved between $2,473 and $2,869 last week at a time when global markets were uneasy due to the ongoing conflict between Israel and Iran.
Trade activities around Ethereum (ETH) have been picked up rapidly. On past days, daily spot trading volume exceeded 32% to $14.27 billion. At the same time, Coinglass data shows futures trading volumes increase by 26.46% to $530.9 billion. Open interest, or money, trapped in ETH futures, rose 1.20% to $35.13 billion. This indicates that more traders are making new bets and are likely expecting a bigger move in price.
On-chain data also points to growing interest. According to a June 14th post by Santiment, wallets holding 1,000-100,000 ETH are buying a lot. These large holders, often referred to as whales and sharks, have added 1.49 million ETH over the past month.
The total share of ETH supply is currently 26.98%. At the same time, many smallholders appear to be on sale for profit. That means others are cashing out while larger players are making purchases.
Currently, 6,392 wallets are held between 1k and 100k Ethereum. In the past month alone, these major whale and shark wallets have quickly added coins as retailers are profiting.
Over the last 30 days, more $eth net of +1.49m has accumulated by pic.twitter.com/1hpbtuaorl
– santiment (@santimentfeed) June 13, 2025
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There is also strong systemic demand. BlackRock’s Ishares Ethereum Trust has won over 1.5 million ETH worth around $4 billion. Between June 3rd and June 6th, I purchased almost $240 million worth of Ethereum.
This month alone, BlackRock added over $500 million in Ethereum. Other companies, such as Cumberland and Galaxy Digital, are also expanding their holdings, showing strong interest from players at large institutions.
Technically, Ethereum is just below the 20-day average and travels within a more demanding price range. The Bollinger band is beginning to narrow. This is an indication that volatility is being compressed prior to a potential breakout. The relative strength index is neutral at 52, but increasing volume and whale activity can help increase prices.
ETH price analysis. Credit: crypto.news
They continue to show some debilitating, but momentum indicators such as momentum over 10 periods and divergence of moving average convergence appear to be at bottom. If the MACD line crosses above the signal line in the next session, it becomes a bullish sign of new upward momentum.
If the Bulls are able to push prices above $2,600 with volume checks, the next major resistance zone will be located at around $2,870. Near the top will open the door towards $3,000. On the downside, if the price cannot exceed the 20-day average, there could be a retest of the Bollinger band, which is around $2,400.
read more: Ethereum price forecast: Analysts say it’s out of reach of $4,000 as institutions diversify from Bitcoin