Ethereum Whales Boost Holdings 14% Since April Lows

Highlights:

• Ether whales grew their holdings by 14% since April, which shows more confidence in ETH.
• Strong ETF inflows and corporate buying helped push Ethereum’s price higher recently.
• Experts predict Ethereum could reach $12,000–$60,000, which reflects bullish long-term market sentiment.

Ethereum whales have steadily increased their holdings since the token hit its lowest point of the year in April, showing renewed confidence in the asset. According to data from Santiment, wallets holding between 1,000 and 100,000 ETH, valued from $4.41 million to $440.81 million, have steadily increased their holdings. Over the past five months, these whale addresses have accumulated 14% more Ethereum, which reflects growing confidence in the asset.

This buying trend shows growing optimism, especially as Ethereum rose from $1,472 on April 9 to $4,366, a gain of over 190%. Analysts watch whale activity closely because large holders often influence market direction. When whales accumulate, it is usually seen as a bullish signal, while big sell-offs tend to indicate bearish sentiment. 

🐳 Ethereum has crept back up to nearly $4.5K, with accumulation coming from the key 'millionaire' and 'small billionaire' whales and sharks that hold between 1K and 100K $ETH. In exactly 5 months, they have added 14.0% more coins.

🔗 Link to chart: https://t.co/F3qGKbiF65 pic.twitter.com/oK7wdqp685

— Santiment (@santimentfeed) September 3, 2025

Not all Ethereum whales benefited from the rally. Some sold near the low and had to buy back at higher prices. For instance, one wallet sold 2,522 ETH for $3.9 million in April but repurchased 1,425 ETH for $3.8 million in May when the price had already risen to about $2,667. 

Ethereum Demand Surges as Reserves Drop to Three-Year Low

Ethereum’s recent price surge is mainly fueled by corporate treasury purchases and strong ETF activity. Recently, Bitmine Immersion Technologies, headed by strategist Tom Lee, bought 80,325 ETH, worth approximately $358 million, from Galaxy Digital and FalconX, Arkham data reveals.

Institutional demand was significant, with Ethereum ETFs seeing $3.87 billion in inflows during August. By comparison, Bitcoin ETFs experienced $751 million in outflows during the same period. This robust demand has sparked expectations that ETH could reach significantly higher levels before the end of the year.

Moreover, Ether reserves on centralized exchanges have dropped to a three-year low as investment funds and corporates boost demand. CryptoQuant data reveals that Ethereum holdings have dropped nearly 10.7 million ETH from their peak of 28.8 million. Current reserves are roughly 17.4 million ETH, with around 2.5 million ETH leaving exchanges in the past three months. This declining supply aligns with rising demand through new Ether investment avenues.

Ethereum Experts Share Bullish Predictions

Sean Farrell, leading digital asset research at Fundstrat, predicts Ethereum may climb to $12,000–$15,000 by December.

ETH is arguably the biggest macro trade for the next 10-15 years as AI creates a token economy on the blockchain and as Wall Street financializes on the blockchain
👇 https://t.co/INerWgqrmz

— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) August 13, 2025

Moreover, on Wednesday, Tom Lee appeared on the Medici Presents: Level Up podcast and reaffirmed his view that Ethereum could eventually reach $60,000. He compared Wall Street’s growing focus on Ethereum to a “1971 moment,” recalling when the U.S. stock market soared after Nixon’s wage and price controls aimed to curb inflation.

Lee told co-host David Grider that this move into crypto could create major opportunities to grow blockchain use across different industries. He added that while Ethereum may not be the only big winner, it will be one of the primary beneficiaries. However, some analysts remain cautious due to a recent drop in the ETH/BTC ratio, which fell 2.27% over the past week.