Ethereum whales are aggressively accumulating, with 449,000 ETH flowing into wallets that never sell. This activity hints at potential price movements. Short-term dips may happen post-ETF launch, but summer could see capital inflows. Additionally, growing on-chain metrics reinforce this bullish sentiment while Remittix (RTX) offers a new payment solution without third parties. Analysts foresee a possible increase to $2,500 by early July.
Ethereum whales are back at it, ramping up their buying activity, and the price is responding. Recent blockchain forensics revealed a staggering 449,000 ETH made its way into accumulation wallets. These wallets never seem to spend a single coin, which highlights an aggressive re-accumulation effort. This marks one of the most significant single-day inflows in the asset’s history, and many are asking what it means for the future of Ethereum price.
K33 Research strategists believe there could be a short-term dip in the Ethereum Price after the debut of spot ETFs. However, they suggest that this could quickly change as new funds start flowing in during the summer months. Analyst Vetle Lunde mentioned, “Once those funds start attracting inflows, ETH’s upside potential should strengthen.” Currently, there are some perspectives suggesting that patient investors might find themselves in a prime buying position at present ETH/BTC levels. Traders at derivatives desks are reportedly opting for upside exposure rather than downside protection, a pattern often seen when whales collect more crypto.
A rather telling sign is that exchange outflows for Ethereum hit about $1.8 billion last week. This was the highest weekly outflow since December 2022, according to IntoTheBlock. Typically, when whales withdraw coins from exchanges and stash them in cold storage, it indicates a holding strategy instead of selling. If this phenomenon continues, the trading float reduces, potentially allowing the Ethereum Price to break through resistance levels, particularly the $2,300 mark, which many traders are keeping a close eye on.
On-chain fundamentals by nature support this bull argument. Recent data indicates that staked ETH now accounts for 28.16% of total supply. This higher proportion of staked coins means fewer are liquid and available for market trading, thus providing structural support to the Ethereum Price itself. Furthermore, Layer-2 solutions are also gaining traction, boasting an impressive total value locked figure of $51.5 billion, positioning Ethereum front and centre in the blockchain marketplace. Each roll-up that feeds back into main-chain Ethereum is effectively driving fee burn, which helps enforce a supply reduction mechanism that could bolster the price even further.
In a related note, James Butterfill, a strategist in the field, speculated that the SEC could choose to delay rather than outright reject spot ETF applications expected by the end of July. Delays can be constructive as they maintain interest in the market, where each positive news piece tends to boost the Ethereum Price, suggesting passive investments are preparing for potential approval.
The discussion of Remittix (RTX) is also relevant here, as it positions itself uniquely amid traditional payment services. It enables direct token swaps, like BTC or ADA, into local currency directly on the blockchain without the need for intermediaries, promising settlement under ten minutes. This makes it particularly alluring in a $190 trillion payment market. Having raised $13 million in funding already, Remittix is drawing comparisons to Ripple and Stellar, positioning itself as an immediate utility without the bureaucracy of lengthy partnerships.
The combined signals from whale activity, decreasing exchange balances, and solid fundamentals set a promising backdrop for potential Ethereum Price rallies this summer. Critical indicators like SEC comments on ETFs, growth in validator queues, and fee burn from Layer-2 adoption should be closely monitored moving forward. Analysts foresee a potential surge to $2,500 by early July if these indicators remain positive.
Meanwhile, some of the bigger ETH holders are diversifying by allocating capital to Remittix. This strategy reflects the idea that payment tokens such as RTX can complement ETH, especially since it aims at quicker and more affordable remittances, making it a feasible ally for Ethereum’s overall success rather than a direct competitor.
If you’re interested in Remittix and its presale, now’s the time to join the community and see what it’s all about!
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