Wednesday

April

Ether whales have been ramping up their ETH buying since the token dipped to yearly lows in April, according to crypto sentiment platform Santiment.
“In exactly 5 months, they have added 14.0% more coins,” Santiment <a href="https://x.com/santimentfeed/status/1963338336203911499" rel="noopener noreferrer nofollow" target="_blank">said</a> in an X post on Wednesday, referring to whale holders with 1,000 to 100,000 ETH, valued between $4.41 million and $440.81 million.
Ether (<a href="/ethereum-price" rel="noopener noreferrer">ETH</a>) is trading at $4,376, and is now up 197.30% from its yearly low of $1,472 on April 9, <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow" target="_blank">according</a> to CoinMarketCap.
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 <img alt="Cryptocurrencies, Ether Price" src="https://s3.cointelegraph.com/uploads/2025-09/01991338-8f87-7895-891a-6f6f62a2738e" title="">
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 Ether is up 19.57% over the past 30 days. Source: <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow" target="_blank">CoinMarketCap</a>
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Crypto market participants typically watch whale activity to assess sentiment since sell-offs can signal bearishness, while accumulation can suggest bullishness and expectations of higher prices.
<h2 id="some-eth-whales-got-caught-out-by-the-rally">Some ETH whales got caught out by the rally</h2>
However, not all whales timed the market well. Some sold near the bottom and ended up chasing the rally back.&nbsp;
On May 22, a crypto wallet <a href="https://cointelegraph.com/news/crypto-trader-mistimed-eth-sale-loses-2-6m" rel="noopener noreferrer nofollow">spent $3.8 million to purchase</a> 1,425 Ether, after selling 2,522 ETH for $3.9 million in April, when the asset was trading at about $1,570.
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 <img alt="Cryptocurrencies, Ether Price" src="https://s3.cointelegraph.com/uploads/2025-09/0199133a-748d-7cb0-abe9-d19952319a72" title="">
 <figcaption style="text-align: center;">
 Ether whales have accumulated 5.54 million Ether tokens since April 3. Source: <a href="https://x.com/santimentfeed/status/1963338336203911499" rel="noopener noreferrer nofollow" target="_blank">Santiment</a>
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Many attribute Ether’s surge primarily to increasing ETF inflows and growing ETH treasury holdings, with the two largest treasury firms — Sharplink Gaming and BitMine Immersion Technologies — making their first purchases in June, when Ether traded between $2,228 and $2,813 over the month.
BitMine, the largest ETH treasury company, now holds $8.22 billion worth of ETH, while Sharplink Gaming holds $3.69 billion, <a href="https://www.strategicethreserve.xyz/" rel="noopener noreferrer nofollow" target="_blank">according</a> to StrategicETHReserve.
<h2 id="eth-treasuries-now-hold-nearly-3-of-total-supply">ETH treasuries now hold nearly 3% of total supply</h2>
Ether treasury companies currently hold $15.83 billion worth of ETH, which equates to roughly 2.97% of the entire supply.
Meanwhile, <a href="https://cointelegraph.com/news/ether-etfs-13b-corporate-treasuries" rel="noopener noreferrer nofollow">August was strong for Ethereum ETF funds</a>, which saw $3.87 billion in inflows compared with Bitcoin ETFs’ $751 million outflows.
<h2 id="ether-could-reach-15-000-by-the-end-of-the-year-says-analyst">Ether could reach $15,000 by the end of the year, says analyst</h2>
In the same month, Ether reclaimed its 2021 all-time highs of $4,878, reaching as high as $4,934 on Aug. 24.
Some are anticipating Ether’s price to go much higher. Head of <a href="https://cointelegraph.com/news/ethereum-the-biggest-macro-trade-over-the-next-10-15-years-fundstrat" rel="noopener noreferrer nofollow">digital asset research for Fundstrat</a>, Sean Farrell, said ETH could go as high as $12,000 to $15,000 by year-end.
Related: <a href="https://cointelegraph.com/news/eth-rally-toward-dollar4-5k-on-shaky-ground-here-s-why" rel="noopener noreferrer nofollow">ETH breakout or fakeout? Traders debate whether Ether holds $4.5K</a>
However, others suggest that most of the market’s focus will eventually return to Bitcoin.&nbsp;
The ETH/BTC ratio, which measures Ether’s relative strength against Bitcoin (<a href="/bitcoin-price" rel="noopener noreferrer" target="/bitcoin-price">BTC</a>), is down 2.27% across the past seven days, <a href="https://www.tradingview.com/symbols/ETHBTC/" rel="noopener noreferrer nofollow" target="https://www.tradingview.com/symbols/ETHBTC/">according</a> to TradingView.
Blockchain intelligence firm Arkham <a href="https://x.com/arkham/status/1963309860113535150" rel="noopener noreferrer nofollow" target="_blank">said</a> in an X post on Wednesday that “Institutions are coming back to BTC.”
“ETFS just sold $135M ETH and bought $332M BTC,” Arkham said.
Magazine:<a href="https://cointelegraph.com/magazine/astrology-could-make-you-better-crypto-trader-heres-why/" rel="noopener noreferrer nofollow"> Astrology could make you a better crypto trader: It has been foretold</a>

Ether whales have added 14% more coins since April price lows

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