TLDR
- Ethereum ETFs recorded $5.4 billion in net inflows over the past 20 days, with outflows on just one day in July
- BlackRock’s ETHA ETF alone accumulated over $4 billion, while iShares Ethereum Trust saw $1.7 billion in inflows over 10 consecutive trading days
- Mega whale addresses holding over 10,000 ETH increased by more than 200 since early July
- One whale address accumulated $300 million worth of Ether through OTC trading at Galaxy Digital
- ETH recovered to $3,560 on Monday after dipping below $3,400 over the weekend
Ethereum continues to attract institutional and whale investors despite recent price volatility. The cryptocurrency has experienced massive inflows through exchange-traded funds while large holders increase their positions.
Popular cryptocurrency trader Luciano revealed that Ethereum ETFs saw $5.4 billion in net inflows during the past 20 days. Out of 31 days in July, ETH ETFs recorded net outflows on just one day.
Out of 31 days in July, $ETH ETFs saw net outflows on just one that’s $5.43B flowing into #Ethereum in a single month $ETH is now on a 20-day ETF inflow streak, with BlackRock’s ETHA alone scooping up over $4B
The demand is relentless. pic.twitter.com/mCzgh0KPEe
— Lucky (@LLuciano_BTC) August 2, 2025
BlackRock’s ETHA ETF led the buying surge with over $4 billion in accumulation. The firm’s iShares Ethereum Trust ETF also saw $1.7 billion in inflows over 10 consecutive trading days.
Onchain data from Dune Analytics shows ETF holdings of Ether surged more than 40% over the past 30 days. This vertical growth pattern reflects strong institutional demand for the cryptocurrency.
Whale Activity Intensifies
Large investors continue accumulating Ethereum despite market uncertainty. Blockchain analytics firm Arkham Intelligence identified one address that purchased $300 million worth of Ether through over-the-counter trading at Galaxy Digital.
Somebody is buying a TON of ETH.
In the past 3 days, this address has accumulated $300M of ETH from Galaxy Digital OTC.
It’s currently worth $274M, with this address down $26M or 8.7% so far.
Address: 0xdf0A67Ded855F8ea4baB6399690883243c0e2EF3 pic.twitter.com/pB9Foxm1wx
— Arkham (@arkham) August 3, 2025
The whale address currently holds 79,461 ETH worth approximately $282.5 million. This represents one of several large accumulation events recorded recently.
Glassnode data reveals the number of mega whale addresses increased over the past 30 days. More than 200 addresses holding over 10,000 ETH were added since the beginning of July.
These whale address counts include exchanges, large custodians and exchange-traded products. All these entities have been aggressively accumulating Ethereum tokens.
Price Recovery After Weekend Dip
Ethereum prices cooled over the weekend with a dip below $3,400. The cryptocurrency showed signs of recovery on Monday by reclaiming the $3,560 level.
ETH currently trades at $3,474, slightly below the $3,500 support level. Technical analysis from Unichartz suggests short-term weakness after breaking below a key support zone.
The RSI indicator shows bearish divergence, signaling slowing momentum while price was making higher highs. This pattern often serves as an early warning of potential drops.
📊 Ethereum Price Update…$ETH consolidating in a symmetrical triangle on the weekly chart.
The breakout will be epic! 🚀 pic.twitter.com/dWUtwCZMy8
— Trader Edge (@Pro_Trader_Edge) August 3, 2025
Market analysts are watching the strong demand zone below current levels. If ETH finds support there, a solid bounce or complete trend reversal could occur.
Monika Mlodzianowska from CoinW exchange noted that labor market cooling initially spooked investors. However, the heightened likelihood of monetary easing could reverse the sell-off and provide crypto with bullish tailwinds.
Historical data shows Ethereum has been bearish in August over the past three years. The asset fell by double digits in August 2023 and 2024 but surged 35.6% during August 2021.
Eric Trump encouraged his social media followers to buy the ETH dip over the weekend. CNBC also labeled Ethereum as “Wall Street’s invisible backbone” in a Saturday article.
The current whale accumulation and ETF inflows occur while Ethereum maintains a market capitalization of $419.66 billion. Onchain holdings in exchange-traded funds have gone vertical over the past month according to analytics data.
