Ethereum Whales Buy the Dip as ETF Inflows Roar Back

TL;DR

• Ethereum whales increased accumulation as wallets holding 1,000 to 10,000 ETH rose from roughly 4,750 in early June toward 4,850 as ETH held its breakout.
• U.S. spot Ethereum ETFs recorded a third straight week of inflows, adding $103.9 million in the week ending July 24 throughout July.
• ETH remains below $2,000 resistance, while active addresses near 400,000 leave the rally unconfirmed despite a potential move toward $2,438 on daily charts.

Ethereum is attracting renewed accumulation from large holders as its price trades near $1,963, up 4.3% over 24 hours and holding above a long-term descending trendline broken in mid-July. Glassnode data shows wallets containing 1,000 to 10,000 ETH rising from roughly 4,750 in early June toward 4,850. Whales are buying near yearly lows rather than chasing a record high, a notable contrast with October 2025, when large-holder growth appeared near the top. Fresh wallets also purchased 50,000 ETH in mid-July as the ETH/BTC ratio advanced 6%. This pattern suggests conviction built quietly beneath recent weakness.

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