Ethereum Nears $3K as Whale Activity Rises, Long-Term Holders Exit Positions

On June 12, Wise Crypto shared that Ethereum recorded a 14.6% weekly gain, climbing close to the $3,000 mark. The ETH rally followed a breakout from a month-long consolidation phase. Wise Crypto also highlighted that new address growth hit a four-month high, reflecting renewed investor interest. However, long-term holders (LTHs) continued to sell into strength, and key resistance now stands at $2,814. On June 11, analyst Ted Pillows revealed that an Ethereum whale placed a $11.15 million long position using 25x leverage at $2,758.35. This move coincided with increasing optimism driven by inflation cooling and possible U.S. rate cuts. Whale accumulation and bullish technical patterns now fuel the ongoing Ethereum Price.

ETH Rally Strengthens Amid Surge in New Addresses and Technical Breakout

Ethereum surged past $2,850 on June 11, supported by a 14.6% weekly rise. The breakout from a month-long price consolidation signaled renewed bullish sentiment. Wise Crypto confirmed that new ETH addresses reached a four-month high, suggesting increased investor traction. The new address growth reflected potential market adoption, though some wallets may reflect FOMO-driven entries. 

Source: Wise Crypto X Post on June 12, 2025

Liveliness, an on-chain metric tracking wallet activity over time, has increased. This rise indicated that LTHs are gradually offloading holdings into rising prices. The ETH rally faces near-term resistance at $2,814. Market optimism received a boost from expectations of a Federal Reserve rate cut. Recent CPI data indicated cooling inflation, raising the chances for a policy shift. The macro environment now provides a favorable backdrop for Ethereum’s climb toward the psychological $3,000 level.

Ethereum Whale Bets $11.15M on Price Upside Amid Bullish Options Skew

On June 10, an Ethereum whale opened a $11.15 million long position using 25x leverage at $2,758.35. The trade amounted to 4,000 ETH with a liquidation level at $2,466. Ted Pillows reported the position as high-conviction with a tight margin for error. The whale’s position is now in profit by $366,600 as ETH continues rising.

Source: Ted Pillows X Post on June 11, 2025

Meanwhile, Ethereum options data turned increasingly bullish. Glassnode data showed a sharp drop in the 25-delta skew. The one-week skew dropped to -7.0% from -2.4%, while the one-month skew fell to -6.1% from -5.6%. These changes indicate rising demand for short-dated call options. Ethereum also formed a bullish flag pattern, confirmed by a breakout and rising volume. Technical projections now point to a potential 30% price rally, with targets near $3,670 by June-end.

Whales Accumulate 301,000 ETH as Market Enters Accumulation Phase

On June 9, CryptoQuant data revealed large whale activity on Binance after a period of quiet. IntoTheBlock confirmed a netflow of +108,000 ETH among large holders. This shift followed a 301,000 ETH accumulation phase, indicating whale conviction behind the ETH rally. The Exchange Netflow turned negative, showing more ETH moving off exchanges into private wallets. This trend supports the theory of ongoing accumulation. Average Order Size also increased, reflecting confidence from large players. Spot market data showed smaller buyers joining in. A cumulative volume delta of +6,350 ETH accompanied the acquisition of 57,300 ETH. Despite price consolidation, accumulation signals continue to strengthen Ethereum’s long-term outlook.

ETH Rally Gains Support as Institutional Buying Returns, Resistance Levels Narrow

On June 11, Abraxas Capital reportedly purchased $36.86 million worth of Ethereum, increasing total ETH holdings to $436.49 million. This move followed prior whale accumulations on June 9, when Ethereum traded between $2,400 and $2,700. Technical indicators suggest Ethereum trades below the 50-SMA and 200-SMA, currently near $2,250 and $2,300. 

Source: Ted Pillows X Post on June 11, 2025

Despite that, continued buying pressure could break the $2,700 resistance. If successful, a sustained ETH rally remains likely. Dark Defender emphasized that historical reaccumulation phases often precede breakouts. However, resistance around $2,700 continues to test upward momentum. A breach could validate bullish setups, including the 30% rally potential identified through the bull flag breakout.

ETH Rally Eyes $3,670 Target While Macro Trends Favor Long-Term Surge

Ethereum’s price action signals growing confidence, supported by whale accumulation, rising retail activity, and a bullish technical setup. As of June 12, key resistance at $2,814 remains the next barrier. Short-term traders appear positioned for gains, with a skew toward bullish call options. If ETH sustains momentum past $2,814, a 30% climb to $3,670 by month-end becomes plausible. Standard Chartered and other firms project a move to $4,000 in 2025. Fractal models even forecast ETH reaching $5,000–$6,000. Institutional entries, macroeconomic support, and on-chain accumulation now drive Ethereum’s bullish narrative.

The ETH rally continues to build, with $3,000 within striking distance as June progresses. On June 12, Cas Abbé, Web3 Growth Manager at Binance, stated that Ethereum is now seeing higher institutional inflows than Bitcoin. On the previous day, institutions purchased $240.3 million worth of ETH, compared to $164.6 million in BTC, marking Ethereum’s largest inflow in four months. He attributed this shift to several factors, including the approval of ETH staking, Ethereum’s dominance in DeFi and stablecoins, and its current undervaluation relative to Bitcoin. Abbé added that ETH is on track to surpass $4,000 by Q3 2025.