Ethereum Inches Closer to All-Time High Amid Whale Buying Frenzy

Ethereum is only 6.4% below its record high as whale buying and ETF inflows overpower retail selling, boosting market momentum.

Big money players are loading up on Ethereum while most retail traders sell, creating less resistance for prices to climb higher.

Analysts see Ethereum repeating Bitcoin’s 2020 rally pattern as billions flow into ETFs and whales drive strong upward pressure.

Ethereum is racing toward its all-time high, with only 6.4% left to reclaim its 2021 peak, as whales and ETFs fuel a powerful rally. ETH trades just 6.4% below its record $4,891 level from November 2021

This rally has been fueled by aggressive whale accumulation and surging ETF inflows, while retail traders continue to sell. Consequently, sentiment resistance remains low, allowing the market to climb with fewer psychological barriers.

Crypto analyst Doctor Profit highlighted that many doubted ETH during its quiet months. However, he pointed out that whales kept buying while most traders ignored the asset. Now, with the pump underway, optimism is surging across social channels.

Moreover, analyst Merlijn The Trader emphasized that Ethereum is “knocking on the door of new ATHs,” noting ETFs is stacking hundreds of thousands of ETH.

Strong ETF Inflows Drive Momentum

From February to mid-March, Ethereum’s ETF flows remained modest, with prices between $1,500 and $2,500. However, mid-March brought a wave of strong inflows, coinciding with steady price gains. This momentum accelerated sharply in July, as large green bars on ETF flow charts signaled billions pouring in. By early August, ETH had surged past $4,000, reflecting strong institutional demand.

Source: Merlijn The Trader

With a brief rise in outflows on July 31, ETH approached $2,500. The downturn, though, was brief. Thanks to fresh inflows and stable markets, prices rose back above $3,000 by August 10. Furthermore, historical evidence indicates that these pullbacks frequently serve as a reset for the subsequent rebound.

Parallels With Bitcoin’s Historical Rally

Market strategist Ted compared Ethereum’s current setup to Bitcoin’s position in 2020, when BTC traded near $19,000 before tripling. He argued that billions in daily ETH inflows could create a similar rally. Additionally, ETH’s price structure mirrors BTC’s historical cycles—marked by strong surges, consolidation phases, and eventual breakouts.

Source: Ted

Ethereum’s multi-year chart shows several bullish phases separated by consolidation zones. Consequently, traders see the current rally as the start of another explosive phase. Moreover, whale accumulation continues to pressure prices upward as retail skepticism fuels liquidity for larger buyers.

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