Ethereum Whale and Institutional Accumulation Hits 6-Year High as Staking and Long-Term Holdings Surge

Ethereum is experiencing unprecedented accumulation from both whales and institutional investors, driving notable market activity. Recent on-chain data reveals that Ethereum staking has reached a record high, with over 35 million ETH locked as of June. Additionally, accumulation addresses, which have never sold any ETH, now control 22.8 million ETH, underscoring strong long-term confidence. In a recent development, wallets with 1,000 to 10,000 ETH added over 871,000 ETH in a single day, marking the highest daily inflow for these addresses since 2017 and pushing their collective holdings past 14.3 million ETH. Institutional players like BlackRock are increasing exposure, recently acquiring $15.46 million worth of ETH via Coinbase Prime, highlighting intensified Wall Street interest. Technical analysis shows Ethereum price stabilizing above $2,500, holding near key moving averages. The RSI is neutral to slightly bearish at 48.9, but improving momentum could drive prices higher. If Ethereum remains above $2,500, a move toward $2,600–$2,650 appears likely; falling below $2,435 could bring further downside risk. Decreasing liquid supply, driven by staking and accumulation, could amplify future upswings if demand increases. Crypto traders should closely watch ongoing whale and institutional flows, as these will likely influence both short-term and long-term ETH price action.