- Ethereum is over $2,500 amid a massive whale accumulation
- Also, informing bullish sentiment is a surge in 35 million piles to ETH due to Ethereum staking.
- Ethereum prices can come together among multiple catalysts.
Ethereum (ETH) has witnessed a significant surge in staking activities, supported by an active accumulation from large-scale holders.
As whales put pressure on purchasing, Ethereum prices show greater resilience than the $2,500 level.
ETH has dropped by $2,549, 2% and 7% over the past 24 hours and week respectively, according to CoinmarketCap. However, the top altcoins remained above important levels, with massive whale purchases being seen.
Cryptoquant analysts at GlassNode and Cryptoquant point out that ETH staking whales' behaviour and spikes could become Altcoin's massive upward momentum drivers.
In particular, the accumulation of the second-largest cryptocurrency by market capitalization reached the level last seen in 2017, but strategic positioning by staking has brought total bias to the highest ever high.
Ethereum whales accumulate up to 800k daily
Data from GlassNode highlights a surprising trend, with Ethereum whales accumulating over 800,000 ETH daily for nearly a week, reaching a record net inflow of 871,000 ETH on June 12th.
This cohort at address currently controls 27% of total ETH supply. This is the level of concentration that has historically preceded major market breakouts.
GlassNode data shows a sharp increase in whale net position changes since early June, correlated with a gradual rise in ETH prices from recent lows. This accumulation reflects the strategic purchases seen in 2017, a period ahead of the important bull run.
“For almost a week, the daily whale accumulation has exceeded 800k ETH, pushing the 1k-10k wallet holdings to 14.3m Eth on June 12 alone. “The size of this buy has not been seen since 2017.”
Market analysts suggest that the demand for institutions, supported by ETF submissions and new derivative liquidity tools, is driving this activity, along with bullish social sentiment.
Technical indicators such as divergence of moving average convergence suggest possible debilitating, but many of the technical factors favor buyers.
ETH Staking Surge
Ethereum prices have stagnated since attempting to regain its all-time high above $4K, but on-chain data is what makes owners want to make money from their assets.
This sees Ethereum's staking ecosystem as a marked surge in activity, particularly by long-term holders. On June 17, 2025, Cryptoquant shared details about what analysts say is ETH spikes.
According to Onchain School, ETH has staking ATH with over 35 million locked states.
“Additionally, the accumulation addresses (holders with no history of sales) are also reaching an all-time high, currently holding 22.8 million ETH,” the analyst said.
Staking allows token holders to lock ETH and earn rewards when supporting the network. This decline in circulation helped ether tokens retain profits last week.
