Ethereum Hits Yearly High as Institutional Money Flows In

Ethereum has reached its highest price level since 2021, climbing past $4,765 before dropping back to around $4,400. This represented a nearly 20% gain over the past week, marking a significant milestone for the world’s second-largest cryptocurrency.

The price surge comes alongside massive institutional interest through spot Ethereum ETFs. These investment products recorded over $3 billion in net inflows during the first two weeks of August alone.

Thursday saw $639.6 million flowing into these funds, extending an eight-day positive streak that has captured widespread attention from traditional finance.

BlackRock’s iShares Ethereum Trust led the charge with $519.7 million in single-day inflows, while Grayscale’s Ethereum Mini Trust and Fidelity’s offering also saw substantial investor interest.

This institutional appetite has pushed total ETF assets under management to a record $29.22 billion.

Ethereum Whale Accumulation Reaches $4.17 Billion

Large-scale investors have been quietly building positions since July. Blockchain data reveals that whales have accumulated over 1.035 million ETH tokens worth approximately $4.17 billion.

These purchases occurred at an average price of $3,546, suggesting strong conviction among sophisticated investors about future price potential.

The accumulation pattern differs from typical retail buying behavior. These large holders typically maintain positions for extended periods, effectively reducing the circulating supply available for trading.

On-chain analytics show that addresses holding more than 10,000 ETH now control over 41 million tokens—the highest concentration since the 2022 market downturn.

Ethereum still trades approximately 15% below its all-time high, creating a potential upside target that has attracted significant trader attention.

Market analysts from Fundstrat have raised their year-end price target to $15,000, citing the asset’s fundamental strength and institutional adoption momentum.

The combination of institutional inflows, whale accumulation, and technical breakouts suggests Ethereum may be entering a new phase of price discovery after years of consolidation.