Ethereum bull run just starting, analyst says as whale scoops $70m ETH

  • Whale buy Ethereum amid strong buying pressure.
  • Institutional adoption continues with SharpLink Gaming’s massive purchases.
  • Analysts predict ETH could explode amid numerous catalysts.

Ethereum, the second-largest cryptocurrency by market capitalization, is eyeing a major breakout as price hovers above the $3,500 mark.

Part of the bullish outlook is down to on-chain activity, with data showing a massive wave of whale accumulation.

The accumulation adds to the growing institutional demand for the top coin, with SharpLink Gaming’s recent purchases a significant one.

ETH whale accelerate accumulation

The latest on-chain activity paints a picture of aggressive accumulation by whale 0x9684, a pattern that has intensified over the past seven days.

According to data shared by Lookonchain on X, this entity has consistently withdrawn significant ETH stashes from FalconX, with the most recent pull amounting to 19,550 ETH just five minutes before the post.

This brings the whale’s total withdrawal to an eye-watering 122,691 ETH, valued at $443.68 million at current prices.

Such moves suggest a strategic shift toward holding, potentially for staking or long-term investment.

Whale moves and the accumulation seen in recent weeks align with broader trends across the corporate world.

One of the biggest players today in this sector is SharpLink Gaming, a Nasdaq-listed firm that recently bolstered its ETH treasury to 280,706 ETH.

That’s about $840 million of Ether buys, which have come after the company raised $413 million through a share issuance.

The firm’s overtaking of the Ethereum Foundation as the largest corporate ETH holder further amplifies the narrative of institutional confidence, reducing short-term sell pressure and fueling market optimism.

Ethereum price prediction

Ethereum’s price crossing above $3,500 is crucial. For a long time, the altcoin remained lodged below $2,500 and found breaking above $3k a tall order.

But with price retesting highs near $3,700, analysts say the bull run may just be starting.

According to crypto analyst Michael van de Poppe, spot exchange-traded funds inflows, regulatory shifts, and other catalysts could propel ETH to astronomical heights.

“The $ETH ETF inflow combined with the approval of the Stablecoin Bill provides a whole new thesis surrounding the Ethereum ecosystem,” the analyst noted. “The biggest inflows in history on the ETF, outperforming $BTC inflow. This bull market is getting started.”

Ethereum price reached its all-time high above $4,800 in November 2021. While it could explode to this level or higher in the short term, van de Poppe says investors may want to be ready for corrections.

“The reason why I’m saying that you need to be ready for deep corrections; $ETH is $1,000 up in just a week, so it’s a little overextended to the upside. A slight correction isn’t bad, it’s healthy and we’re rebuilding stamina for the next leg up.”

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BlackRock moves to add staking to Ethereum ETF amid surge in inflows

  • BlackRock seeks to enable staking in its ETHA fund, aiming to boost returns and efficiency for investors.
  • ETH ETFs see $726M in daily inflows, with BlackRock’s ETHA leading at nearly $500M, amid rising demand.
  • SEC openness to staking ETFs grows, following approval of the first Solana staking fund and increasing industry filings.

BlackRock has filed to incorporate staking into its iShares Ethereum Trust (ticker: ETHA), the largest Ethereum exchange-traded fund (ETF) by assets under management.

The move, disclosed in a filing with the US Securities and Exchange Commission (SEC) on Thursday, follows growing institutional interest in Ethereum staking products and comes amid record-breaking net inflows into ETH ETFs.

The filing was submitted by Nasdaq under SEC Rule 19b-4, which national securities exchanges follow to propose new fund structures.

BlackRock is the latest asset manager to pursue staking capabilities for its Ethereum fund, joining a competitive field that includes Grayscale, 21Shares, and others with similar proposals already in the pipeline.

BlackRock’s filing outlines that the trust may stake “all or a portion” of its ETH holdings through one or more trusted staking providers.

The proposal specifies that the ether held by the trust will not be pooled with other entities, nor will the trust assume risk on behalf of others from slashing or network forks.

Coinbase, currently acting as custodian and prime execution agent for ETHA, is expected to serve as the fund’s staking partner.

Record ETH inflows signal demand

The filing comes at a moment of surging interest in Ethereum investment products.

On Wednesday, ETH ETFs recorded their highest single-day net inflow since launch, totaling $726.74 million, with BlackRock’s ETHA accounting for $499 million of that sum.

So far in July, ETH ETFs have attracted over $2.27 billion in net inflows, marking the strongest monthly inflow to date, according to data from SoSoValue.

ETHA was approved in July 2024, as part of a group of spot Ethereum ETFs greenlit by the SEC shortly after it approved the first spot Bitcoin ETFs earlier in the year.

ETHA currently holds over $7.9 billion in assets, underscoring BlackRock’s leadership position in Ethereum-based exchange-traded products.

BlackRock’s Head of Digital Assets, Robert Mitchnick, has previously signaled that staking would be the “next phase” for crypto ETFs.

Thursday’s filing appears to make that vision concrete, at a time when regulatory momentum and investor interest are aligning.

Staking ETFs enter regulatory spotlight

BlackRock’s move comes shortly after the SEC approved the REX-Osprey Solana Staking ETF, the first US-based staking ETF, earlier this month.

That product was approved under the more stringent Securities Exchange Act of 1940.

In contrast, BlackRock’s ETHA staking proposal falls under the Securities Exchange Act of 1934, under which no staking ETF has yet been approved.

However, SEC officials have indicated growing openness to staking ETFs.

Bloomberg ETF analyst James Seyffart noted on X (formerly Twitter) that “staking is not done,” predicting that approval for Ethereum staking ETFs may arrive as early as Q4 2025.

While BlackRock’s latest filing may not receive a final decision until around April 2026, the broader outlook for staking products appears favorable.

As Ethereum’s price hovers near $3,399—still below its 2021 all-time high of $4,878—the prospect of yield-generating, regulated staking products could further fuel institutional adoption.

With competitors also eyeing staking ETFs for assets like Cronos, Tron, and Injective, BlackRock’s move signals an increasingly diverse crypto ETF landscape taking shape.

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Arthur Hayes-linked wallet bags $2M worth of AAVE and LDO in an OTC deal

  • An address possibly linked to a BitMEX co-founder has received DeFi tokens worth $2.05 million.
  • The transaction involved 3,033 AAVE and 1.1253 million LIDO.
  • Flowdesk sent the assets, suggesting a potential over-the-counter purchase.

The altcoin narrative is gaining steam as Ethereum starts to outperform the markets.

ETH, SOL, and XRP surged up to 10% in the past 24 hours while the largest cryptocurrency by value remained calm above $118,600.

Amidst the shifting trends, crypto sleuths observed an interesting transaction linked to a wallet believed to be that of BitMEX co-founder Arthur Hayes.

The address received 3,033.14 AAVE and 1.1253 million LIDO, worth $2.05 million, from Flowdesk, a trading company.

This is more than an average transaction.

The timing, size, and parties involved have triggered debates within the cryptocurrency community.

Is Arthur Hayes accumulating DeFi blue chip tokens in anticipation of an imminent bull run?

Flowdesk’s role suggests an OTC deal

The source of the transferred assets added to the curiosity.

Flowdesk is known for handling massive transactions for wealthy individuals or institutions.

The fact that the wallets received the tokens directly from Flowdesk indicates an over-the-counter (OTC) deal.

This option allows the buyer to evade slippage and maintain privacy than using public exchanges.

Participants often opt for OTC deals to purchase or offload enormous amounts of digital assets without impacting market prices.

Moreover, individuals use over-the-counter to buy cryptocurrencies when preparing to hold them for the long term.

Why the two altcoins

The purchase wasn’t a random pick. AAVE and LIDO are among the most reputable DeFi tokens.

AAVE is among the earliest and most trusted lending protocols.

It is currently the second-largest business on the Ethereum blockchain, according to total value locked, surpassing Circle the previous week.

Aave’s multi-chain plans and upcoming V4 upgrade continue to grab the community’s attention.

On the other side, Lido is a dominant player in the Ethereum staking ecosystem.

It allows individuals to stake Ether while providing liquidity via stETH.

The LIS (Lido Impact Staking) launched early this year to transform sustainable funding for social impact projects.

AAVE price outlook

The alt trades at $325 after gaining more than 10% in the past week.

While it reflects weakness after a 1.15% dip in the past day, possibly due to profit-taking, AAVE’s bullish structure remains intact.

Renowned crypto analyst Javon Marks predicts massive moves to $628, translating to an over 90% surge from the current price.

He believes AAVE could extend to $1,200 with broad market bull runs.

LDO set for 50% surge

Lido DAO’s native coin exhibited a bullish outlook after gaining more than 4.6% in the past day.

Its soaring daily trading volume signals magnified interest in the altcoin.

LDO trades at $0.9435 after a 20% surge in the past seven days.

It tests an immediate resistance level between $0.95 and $1.00, according to analyst CW.

The digital coin secured a reliable footing at $0.66 – $0.72, hinting at stable performances.

With the next sell wall at $1.4, LDO holders can brace for nearly 50% gains in the near term.

The prevailing crypto market sentiments support LDO and AAVE’s bullish trajectories.

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Ethereum price hits its six-month high on record ETF inflows

  • The strength in Ethereum has extended to the broader altcoin market.
  • The token had touched an intraday high of $3,463 earlier in the day.
  • The rally came as nine US-listed spot Ethereum ETFs saw their largest combined daily net inflow on record Wednesday.

Ethereum rallied sharply over the past 24 hours, breaking above $3,400 for the first time since mid-January as record inflows into spot Ether exchange-traded funds (ETFs) and rising institutional accumulation reinforced bullish sentiment.

Ether was trading at $3,436 early Thursday, up 8.4% in the past 24 hours.

The token had touched an intraday high of $3,463 earlier in the day.

The rally came as nine US-listed spot Ethereum ETFs saw their largest combined daily net inflow on record Wednesday, totalling $726.74 million, according to data from Farside Investors.

BlackRock’s iShares Ethereum Trust (ETHA) led the inflows with $499 million, followed by Fidelity’s FETH with $113 million.

That total surpasses the previous record of $428 million set on December 5, 2024 — a nearly 70% jump.

The surge in buying pushed total net inflows for July to $2.27 billion, making it the best month since the ETFs were launched a year ago.

US spot Ether ETFs now collectively hold over 5 million ETH — more than 4% of the circulating supply.

On Wednesday alone, ETFs absorbed nearly 107 times the ETH issued by the network, according to Ultra Sound Money.

Interest in ETH is up

Institutional interest is also being reflected in direct ETH holdings by corporate treasuries.

Strategic ETH Reserve data shows that treasuries now hold over $5.33 billion in ETH, equivalent to 1.33% of the total supply.

Over $1.6 billion worth of ETH was added by corporations in June alone.

One of the most aggressive buyers has been SharpLink Gaming, which purchased an additional $68 million worth of ETH in the past 24 hours.

Over the last eight days, the firm has acquired $343 million in ETH, according to blockchain analytics platform Lookonchain.

Separately, World Liberty Financial — a firm linked to US President Donald Trump — added another $5 million in ETH on Wednesday at a price of $3,266, above its historical average purchase range from November 2024 to March 2025.

BitMine Immersion Technologies, chaired by Fundstrat’s Tom Lee, disclosed that its ETH holdings have now exceeded $500 million.

Altcoin market follows ETH’s lead

The strength in Ethereum has extended to the broader altcoin market, with several tokens recording gains amid renewed risk appetite in crypto.

The current momentum in ETH — driven by a mix of spot ETF demand, treasury accumulation, and supply absorption — has positioned the asset for further upside, provided market conditions remain favorable.

In the past 24 hours, several major altcoins have outperformed Bitcoin, which posted a modest gain of just 0.7%.

XRP was one of the leaders of the rally with a sharp 7.6% rise, followed by Dogecoin, which climbed 6.9%.

Solana advanced 5.2%, BNB gained 3.4%, Tron rose 3.2%, and Cardano added 3.5%.

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Ethereum price forecast as SharpLink buys another 5,188 ETH

  • SharpLink Gaming has acquired an additional 5,188 ETH worth over $15.7 million.
  • The company now holds more than 285,890 ETH as it becomes the largest Ethereum holder.
  • Analysts say ETH could spike above $3,000, with $5,000 as a potential target.

SharpLink Gaming’s massive bet on Ethereum has bolstered the top altcoin’s price as bulls hold near the key level of $3,000.

The company’s strengthening of its ETH position with an additional 5,188 ETH worth over $15.7 million saw Ethereum price hold near the critical level as Bitcoin dipped sharply.

Analysts now see ETH hitting a new upside leg, buoyed by SharpLink’s latest purchase that brings the company’s total ETH holdings to over 285,890.

Ethereum price holds $3k level amid SharpLink Gaming buying spree

As noted, Ethereum’s price is demonstrating notable resilience as BTC dumps to lows of $116k amid whale selling.

The Satoshi-era whale who recently moved over 80,000 BTC has transferred coins again, including to a centralized exchange. Bitcoin price plummeted amid this, with analysts noting a potential dip in BTC dominance that could mean a major move for altcoins.

Ethereum price holding above the $3,000 mark as SharpLink continues its aggressive accumulation strategy adds to the bullish outlook.

According to Onchain Lens, the company’s recent acquisition of 5,188 ETH adds to a substantial buying spree between July 7 and July 13.

During this period, SharpLink acquired approximately 74,656 ETH for around $213 million at an average price of $2,852 per ETH.

This brings the total holdings to 285,894 ETH, a significant increase from the 280,706 ETH reported earlier.

Notably, approximately 99.7% of SharpLink’s ETH is staked, generating an estimated 415 ETH in rewards since June 2. In terms of concentration, this accounts for about 23% increase since June 13.

Staking nearly all its ETH holdings not only supports Ethereum’s network security but also positions SharpLink as a solid player in the ETH ecosystem.

Recently, Joseph Lubin, Chairman of SharpLink, co-founder of Ethereum said:

“At a time when Ethereum is entering a new era of institutional relevance, we are proud to support the network’s long-term strength and decentralization mission.”

On what the buying means, he added:

“This isn’t a trade – it is a commitment to our long-term vision. SharpLink is acquiring, staking and restaking ETH as responsible industry stewards, removing supply from circulation and reinforcing the health of the Ethereum ecosystem.”

ETH price forecast

Market analysts are closely watching Ethereum’s price movements, with technical insights suggesting a potential breakout.

Merlijn The Trader highlighted the top altcoin’s price outlook on X.

According to the analyst, ETH shows a “triple RSI bounce” and an intact macro upward channel, indicating that Ethereum may be poised for significant growth.

Per a chart the analyst shared on July 15, 2025, a price explosion could push ETH toward $5,000 as an initial target.

Notably, Ethereum reached highs above $4,800 for its all-time high.

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