Ethereum nears ATH as strong ETH-M2 signals, institutional buying, and whale accumulation fuel bullish momentum.
Ethereum’s market momentum continues to gain attention as traders and analysts point to strong ETH-M2 chart signals supporting a push into new territory.
Over the past month, ETH has surged by 60%, reaching $4,770 and approaching its 2021 peak. The rapid rise has been fueled by institutional interest, corporate holdings, and large wallet activity.
Rising Market Confidence Backed by Technical Signals
Crypto trader Ted Pillows noted that every time he reviewed the ETH-M2 chart, he increased his ETH holdings.
He recalled discussing the trend just ten days prior, after which ETH gained 35%. His view reflects broader optimism among market participants following recent technical breakouts.
Technical analyst Crypto Caesar stated that if Ethereum breaks its previous all-time high cleanly, the price could enter “uncharted territory.” The latest rally has brought ETH within 2.5% of its record, and traders are monitoring for a confirmed breakout.
Analysts believe this level is critical for triggering further momentum in the market.
$ETH – #Ethereum: Break the last ATH cleanly and we’re heading for a full send into uncharted territory in my opinion. pic.twitter.com/aiMljKHy3r
— Crypto Caesar (@CryptoCaesarTA) August 14, 2025
Large-Scale Wallet Activity Signals Accumulation
Blockchain tracker Lookonchain reported that a newly created wallet withdrew 3,606 ETH worth $17.06 million in a single transaction. The same wallet also withdrew 1.41 million WLD tokens valued at $1.55 million. Such transactions suggest active accumulation by high-value market participants.
A newly created wallet 0xd537 withdrew 3,606 $ETH($17.06M) and 1.41M $WLD($1.55M) 8 hours ago.https://t.co/hQ6tHuFMZi pic.twitter.com/Q5lY5h59rz
— Lookonchain (@lookonchain) August 14, 2025
Fundstrat Capital’s Thomas Lee described ETH as the biggest macro trade for the next 10 to 15 years. He pointed to AI-driven token economies and Wall Street blockchain adoption as drivers of long-term demand.
Lee added that most stablecoin and institutional blockchain projects are being built on Ethereum.
The Ethereum network holds 55% of the $25 billion real-world asset tokenization sector. Its share of the stablecoin market is also estimated at 55%, indicating its leading position in blockchain-based financial infrastructure.
These factors have positioned Ethereum as a central platform for asset-backed token markets.
Caution Over High Profit Levels Among Ethereum Holders
Glassnode data shows that 98% of ETH holders are currently in profit, the highest reading in two years.
Analysts caution that historically, readings above 95% often precede market pullbacks as holders take profits. In past cases, Ethereum saw corrections of over 10%, with one decline exceeding 40%.
The recent rally has been driven in part by Digital Asset Treasury companies buying heavily since May. While this has supported prices, analysts warn that a coordinated sell-off by these large holders could create short-term volatility.
They note that tracking the “Percent Supply in Profit” metric can help identify potential market bottoms after a correction.
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