11.09.2025 22:57

A significant surge in buying activity from major Ethereum holders, often referred to as "whales," propelled the cryptocurrency's value beyond the $4,400 threshold. This wave of accumulation, totaling approximately $204 million, coincided with a broader influx of capital into Ethereum-based financial products, signaling robust and growing confidence from large-scale investors.

According to data from on-chain analytics sources, the massive acquisition was executed through three newly created digital wallets over a brief three-hour period. These wallets collectively received 46,347 ETH from hot wallets associated with the digital asset prime brokerage FalconX, with one single transaction accounting for over $82 million and two subsequent transfers each exceeding $40 million, underscoring a deliberate and strategic accumulation strategy by these influential market participants.

In response to this bullish activity, Ethereum’s price promptly climbed to $4,423, marking a 1.68% increase within a 24-hour window and a $73 gain from the previous day's close. While the day's trading saw periods of sharp volatility, the asset’s overall performance demonstrates a compelling long-term trajectory, boasting gains of 4.64% over the past month, an impressive 131.23% over six months, and a 32.7% rise since the beginning of the year. Analysts now eye the $4,500 level as the next key resistance, with the strong institutional buying pressure expected to provide solid support around the $4,300 mark.

Further cementing the narrative of heightened institutional interest, spot Ethereum Exchange-Traded Funds (ETFs) experienced a significant influx of capital. Data from market intelligence platforms indicated that these investment vehicles attracted a daily total of $171.5 million in new funds, pushing the total net assets managed within them to a substantial $27.73 billion.