Ethereum Price Eyes Upside as Whales Buy $10M ETH in Hours

28 Jun, 2025

Former SEO Writer

Expertise : Crypto News & Market Analysis, Content Strategy & SEO Writing

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

Read full bio

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Ethereum Price Eyes Upside as Whales Buy $10M ETH in Hours

Highlights

Two Ethereum whales accumulated nearly $10M in ETH in just a few hours, signaling a rise in investor confidence.
Despite increased ETH inflows and whale activity, Ethereum struggles to break $3k resistance.
Analysts predict an uptrend and a rally to $10k in the long term, citing historical patterns.

AD Get $10 Instantly + $50 Trial Access

The trajectory of the crypto market is slowly taking a bullish note, and so is the Ethereum price as it’s eyeing an upside move amid increased whale involvement. On-chain activity also reveals the increased inflows in ETH exchange-traded funds. Now, just the $10M tokens bought by a set of investors indicate building bullishness, but would the price react? Let’s discuss.

Ethereum Whales Buy $10M ETH, Price to React?

As the fear over the Israel-Iran war among investors subsides, the crypto market has reacted bullishly, settling today. However, the Ethereum price is still lacking and holding the $2.4k mark. Notably, this is happening amid its high demand and network activity, especially as the Ethereum whales buy $10M ETH in just hours.

Lookonchain X post reveals that SharpLink Gaming has purchased 1,989 ETH worth $4.82M today. This is part of the platform’s recently announced 188,478 ($473.6M) token purchase. In addition, another ETH whale, 0x1fc7, bought 1,888 ETH ($4.56M), bringing the total to nearly $10M within hours.

Notably, the actual accumulation is way higher, as it hit an ATH just recently per CryptoQuant data. In usual cases, such whale involvement is a bullish case, but the ETH price often fails to react.

As it lacks other significant milestones and catalysts beyond inflows, the price remains down at press time. However, once the momentum builds, it could hit new highs.

Ethereum Upside Move Depends on $3K Resistance

Despite the ETF inflows and whale buying, Ethereum is undervalued in the market, currently trading at $$2,427 with a market capitalization of $293.06B. With a week-long consolidation and nearly 31% decline in Q2 of 2025, ETH is struggling to surpass the $3,000 resistance.

However, despite that, investors’ long-term prediction for Ethereum price remains bullish, with many seeing it accomplish the $10k mark. Crypto analyst Ted acknowledged that ETH retested the lower channel once every cycle, like this month.

According to his analysis, this retest led to a 400x rally in 2017 and a 50x in 2021. He further predicted that even if a 6x happens in this cycle, it will push the ETH price to 10k.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

BestChange

Instant Currency Exchange at BestChange with Ease

Compare Rates Across 1000+ Exchanges
Access 250+ Cryptocurrencies & Pairs
Save Time with Real-Time Price Tracking

Frequently Asked Questions (FAQs)

1. Why is Ethereum attracting whale investors now?

Historical bullish pattern formation and high utility attract whale investors.

2. Did Ethereum price react to $10M whale accumulation?

Despite large ETH purchases by whales, the Ethereum price remains down, showing a limited short-term reaction.

3. What’s the experts’ long-term price prediction for Ethereum?

Analysts say Ethereum could rally to $10k in the long term if the cycle pattern and whale accumulation continue.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.