Ethereum’s 29% Price Rally Divides Whales Across the Market
Ethereum (ETH) climbed above $2,430 on Friday, its highest price in roughly four months, as US spot ETFs absorbed their largest daily inflow since October, and whales pulled fresh supply off Binance.
The altcoin has gained 29% over the past week. At press time, it traded at $2,422. Despite the price gain, not every large holder is buying.
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Ethereum ETF Demand Hits a 10-Month Peak
US-listed Ethereum ETFs took in $220.77 million on August 20, per SoSoValue data. This is the strongest daily haul since October 28, 2025.
The inflow capped a four-day run of positive flows worth $512.25 million. Demand accelerated through the stretch, climbing from $30.85 million on August 17.
Total net assets across the funds reached $13.58 billion, the highest since May 11. Cumulative net inflows now stand at $11.97 billion.
The strength extends beyond Ethereum. Bitcoin also surged to $79,000 for the first time since mid-May
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