What do the deep-pocket whales and institutional investors know about ETH?
After failing to break the $2,800 resistance on Thursday, the Ethereum price fell to $2475 today, correcting by nearly 12% as part of the market-wide decline.
However, while retailers are panic-selling, smart money investors are accumulating aggressively. Prominent analyst Ali Martinez revealed yesterday that the biggest whale on the Ethereum network added 1 million ETH, worth over $2.5 billion, within a 48-hour span.
Meanwhile, institutional investors are buying the dip as well. Despite Ethereum posting three consecutive red daily candles, spot ETH ETFs — particularly BlackRock’s ETHA — have continued to see strong inflows.
Ethereum price predictions from top analysts remain firmly bullish — framing the current pullback as the ideal entry point for sidelined investors.
Whales Are Doubling Down on ETH
The Ethereum price rejected from the $2,800 resistance, which resulted in a retrace to $2,475. ETH is currently trading at $2,514, however, analysts are open to the possibility of more downside volatility.
However, whales are doubling down on the largest altcoin, standing firm in their conviction that an altseason is imminent.
Data from Lookonchain confirms Martinez’s analysis. The on-chain data platform reveals that a whale withdrew 34,343 ETH from Aave, investing nearly $89 million into the altcoin at an average price of $2,593.
Meanwhile, another whale withdrew over $10 million worth of Ethereum from Kraken.
Institutions are FOMOing as well. SharpLink Gaming has announced that it is raising over $1 billion, through the sale of its common stock to invest in ETH.
The spot Ethereum ETF inflows also confirm the strong institutional demand. Data from Farside Investors reveals that BlackRock’s ETHA ETF hasn’t had an outflow since May 7th. On May 30th, ETH ETFs recorded $70 million in inflows — their largest since February — even as Ethereum’s price dropped nearly 4% that day.
Interestingly, BlackRock’s IBIT Bitcoin ETF saw an outflow on May 30th. Institutional investors are perhaps realizing that ETH could deliver higher returns in the coming months.
Ethereum Price Prediction — Where Will ETH Bottom?
Prominent crypto trader Castillo Trading expects more downside volatility from Ethereum, anticipating it to visit its naked Point of Control (nPOC) level at $2,404.
However, if the ETH price manages to secure a monthly close above the $2,550 S/R level, it could directly see a rally to $2,800.
Prominent analyst Captain Faibik is also highly bullish on ETH, considering it has formed an ascending triangle pattern. According to his Ethereum price prediction, the largest altcoin could surge to $3,600 by the end of June.
Best Cryptos To Buy In The Ethereum Ecosystem
Ethereum’s bull rally paves the way for an explosive altseason.
In particular, Ethereum meme coins could deliver outsized returns in the coming months, considering that smart money investors view them as beta bets on ETH. Blue chips like Pepe, Brett and Floki are poised for new highs.
However, low-cap gems are in high demand. For instance, one of the first prominent Ethereum-based AI agent coins, Mind of Pepe (MIND), has raised nearly $12 million in its presale, signalling strong community support and high upside potential.
Just yesterday, a whale invested $40k worth of ETH into MIND, adding to the list of large-sized buys that the AI coin has recorded throughout its ICO.
As of press time, the Mind of Pepe presale is ending in just two hours. Sidelined investors will now have to look to buy early after its exchange listing on June 3rd.
However, they will have to quick. MIND has gone viral in its presale is expected to see a strong rally right out of the gate. After all, prominent analysts are anticipating up to 100x returns in the long term.
Mind of Pepe’s AI agent terminal will also go live shortly, which will deliver cutting-edge market alpha to MIND hodlers, as well as priority access to any meme coins it launches.
Visit Mind of Pepe Presale
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