- Ethereum is poised above $2,500 amid massive whale accumulation
- Also signaling bullish sentiment is the surge to 35 million staked ETH for Ethereum staking.
- The Ethereum price could rally amid multiple catalysts.
Ethereum (ETH) is witnessing a significant surge in staking activity, underpinned by aggressive accumulation from large holders.
As whales up their buying pressure, Ethereum’s price has shown greater resilience above the $2,500 level.
According to CoinMarketCap, ETH traded around $2,549, down 2% and 7% in the past 24 hours and week respectively. However, the top altcoin remained above the crucial level and was seeing massive whale buying.
Crypto analysts from glassnode and CryptoQuant point out that the whale behaviour and spike in ETH staking could be a massive upward momentum driver for the altcoin.
Notably, accumulation of the second-largest cryptocurrency by market cap is hitting levels last seen in 2017, while strategic positioning via staking has pushed the total ETH staked to fresh all-time highs.
Ethereum whale accumulation skyrockets to 800k daily
Data from Glassnode highlights a remarkable trend, with Ethereum whales accumulating over 800,000 ETH daily for nearly a week, culminating in a record 871,000 ETH net inflow on June 12—the highest single-day figure year-to-date.
This cohort of addresses now controls 27% of the total ETH supply, a level of concentration that has historically preceded major market breakouts.
Glassnode’s data shows a sharp increase in whale net position change since early June, correlating with a gradual rise in ETH’s price from its recent lows. This accumulation echoes the strategic buying seen in 2017, a period that preceded a significant bull run.
“For nearly a week, daily whale accumulation has exceeded 800K ETH, pushing holdings in 1k–10k wallets to >14.3M ETH. On June 12 alone, Ethereum whales have added over 871K ETH – the highest daily net inflow YTD,” Glassnode noted. “This scale of buying hasn’t been seen since 2017.”
Market analysts suggest that institutional demand, fueled by ETF filings and new derivatives liquidity tools, alongside bullish social sentiment, is driving this activity.
While technical indicators such as the Moving Average Convergence Divergence suggest possible weakness, many of the technical factors favour buyers.
ETH staking surges
While Ethereum price has stagnated since attempting to reclaim its all-time high above $4k, on-chain data shows holders want to earn from their assets.
This sees the Ethereum staking ecosystem witness a notable spike in activity – particularly from long-term holders. On June 17, 2025, CryptoQuant shared details of what analysts say is a spike in ETH staking to all-time high levels.
Per Onchain School, ETH has hit an ATH in staking with more than 35 million locked.
“Alongside this, Accumulation Addresses (holders with no history of selling) have also reached an all-time high, now holding 22.8 million ETH,” the analyst noted.
Staking allows token holders to lock their ETH and earn rewards as they support the network. This reduction in circulating supply has in the past week helped Ether tokens hold onto gains.
