Whales buy Ethereum amidst strong buying pressure.
Large-scale purchases of Sharplink Gaming continue to be adopted within the facility.
Analysts predict that ETH could explode in many catalysts.
Ethereum, the second largest cryptocurrency by market capitalization, is focusing on a major breakout as it costs more than $3,500.
Some of the bullish outlooks have led to activity in the chain, with data showing a large wave of whale accumulation.
The accumulation adds to the growing institutional demand for top coins, and recent purchases from Sharplink Gaming are important.
ETH Whale accelerates accumulation
The latest on-chain activity draws a picture of the active accumulation by whales 0x9684. This is a pattern that has intensified over the past seven days.
According to data shared by X’s LookonChain, the entity has consistently withdrawn its important ETH stash from Falconx, with the latest pull reaching 19,550 ETH just five minutes before the post.
This brings the total whale withdrawal to 12,691 ETH, worth $44368 million at current prices.
Such a move suggests strategic changes towards retention, potentially for staking or long-term investments.
The whale movement and accumulation seen in recent weeks are consistent with broader trends across the corporate world.
One of the biggest players today in this sector is Sharplink Gaming. This is a company listed on NASDAQ, which recently strengthened the ETH Ministry of Finance to 280,706 ETH.
This was an ether purchase of approximately $840 million, coming after the company raised $413 million through share issuance.
By overtaking the Ethereum Foundation as the largest corporate ETH owner, the company further amplifies the narrative of institutional trust, reduces pressure on short-term selling and promotes market optimism.
Ethereum price forecast
It’s important that Ethereum prices exceed $3,500. For a long time, Altcoin has been found to have beaten orders over 3ka high, remaining below $2,500.
However, analysts say that the bull run may just be starting as prices retest the high of nearly $3,700.
According to Crypto analyst Michael van de Poppe, spot exchange trade funds inflows, regulatory changes and other catalysts could drive ETH to celestial heights.
“The $ETF influx combined with the approval of Stablecoin Bill provides a whole new paper surrounding the Ethereum ecosystem,” analysts said. “Over the largest inflow in ETFs in history, the $BTC inflow. This bull market is beginning.”
The $eth ETF influx, combined with Stablecoin Bill approval, offers a whole new paper surrounding the #Ethereum ecosystem.
The largest inflow in ETF history exceeds $BTC inflow.
This bull market has begun. pic.twitter.com/12ukxxyan9
– July 18, 2025
Ethereum Price hit an all-time high of over $4,800 in November 2021, and could explode beyond this level in the short term, but Van de Poppe says investors may be ready to fix it.
“Why I say you need to prepare for a deep correction. $eth has risen by $1,000 in just a week, so it’s growing a little too far above. The slight corrections aren’t bad, they’re healthy and rebuilding their stamina for the next leg.”
