Ethereum Price Surges as Whale Activity Eyes $4K Breakout

Ethereum Jumps as Whale Moves Signal Push Toward $4K Breakout

Ethereum (ETH) price continues to trade above key support, signaling strong bullish momentum in the market. Over the past month, ETH has surged nearly 60%, approaching the $3,800 mark. This rally mirrors the broader crypto market's upward trend, with Bitcoin (BTC) holding steady above $118,000. 

ETH is now consolidating around $3,600, showing resilience amid volatility. Market participants anticipate further gains, with $4,000 in sight. Whale activity and strong buying interest suggest bullish sentiment remains dominant as Ethereums eyes its next breakout.

Ethereum Whales Accumulate $682M Amid Market Activity

Ethereum accumulation by newly created wallets has intensified, according to data tracked by Lookonchain. A freshly launched address, labeled 0x8eEa, recently acquired another 33,644 Ethereums, valued at approximately $125.73 million. This latest transaction was executed through FalconX, a prominent institutional trading platform.

The same wallet has now gathered a total of 105,977 ETH within just four days, representing a total value of $397 million. All transfers originated from FalconX’s hot wallet, signaling significant institutional involvement.

Lookonchain whale activity update. 

Meanwhile, independent data on-chain also showed other circulation of ETH in the form of Kraken exchange. In a single day, three new wallets that were just created withdrew 10, 703 ETH, worth an approximated sum of 39.6 million. Having no history of contact before these addresses actually shows that they are new wallets.

In total, there are five new wallets that now hold 76,987 Ethereums yesterday alone. That amount is estimated at about $285 million, which further confirms a pattern of systematic accumulating. The inflows indicate a possibility of increased interest toward Ethereum among whales or institutions in the context of significant changes in prices and market sentiment.

Ethereum Price Transactions Hit All-Time Highs

In 2025, the state of Ethereum price makes it the most daily headline in transaction volumes that have peaked never witnessed. Ethereum has been registering a new record on blockchain activities as speculative meme coins take over social media.

Source: Tweet

The recent statistics indicate that the number of transactions per day has even exceeded past peak levels of the year 2021. This consistent growth has not been characterized by bursts or spikes of gas fees, which is an indication of healthy and sustainable network activity.

Will ETH Price Rally Above $4000 By End of July?

Ethereum price has seen a slight surge over the past 24-hours, reaching highs near $3,765 before reversing lower. Despite the brief rally, the Ether price failed to hold above this level and closed around $3,666, posting a 2.17% surge over the past 24-hours.

Relative Strength Index (RSI) was at 79.16, and significantly beyond the common overbought level of 70 on a daily basis.

In the meantime, Moving Average Convergence Divergence (MACD) turned positive, and the MACD line was above the signal line, but the histogram exhibited the weakening momentum.

Source: Tradingview

Key support is now located at $3,500. A breach of this level could expose Ethereums to deeper losses toward the $3,200 zone. The next significant support rests near the $3,000 level, which has served as a solid base in previous sessions.

On the positive side, the current resistance is still at $3,750. A definitive break of this level would be required by bulls on the path toward retesting the psychological $4,000 level. A solid push over the $4,000 level may be a signal of the extension of the general bullish rally.