Ethereum News Today: Whales Boost Holdings by 14% as Price Eyes $5,000

Ethereum’s wealthiest investors have boosted their holdings by 14% since April, accumulating more than 5.54 million in its native token, Ether (ETH), according to Santiment.

The shift marks one of the most aggressive whale accumulation phases in recent years, which could drive ETH toward the long-anticipated $5,000 level by the end of 2025.

Why Are Ethereum Whales Accumulating ETH?

The buying spree began in early April, just as Ethereum touched yearly lows near $1,400–$1,500.

Addresses holding between 1,000 and 100,000 ETH flipped from net sellers to steady buyers, reversing months of outflows. That steady inflow coincided with Ethereum’s rebound above $3,000 and its advance into today’s $4,400–$4,600 range.

But not all whales are moving in unison. Two distinct groups now define the battlefield. Mega whales (10k+ ETH) fueled August’s rally with over 2 million ETH added, but have since paused accumulation.

After months of selling, large whales (1k–10k ETH) flipped back to buyers in August, scooping up 400,000 ETH in 30 days.

ETH’s rally can grind higher, but without explosive momentum, if large whales keep buying while mega whales stay quiet. However, if both sides step back, ETH risks stalling.

Ethereum ETFs’ net flows have increased to $13.70 billion as of Sept. from $2.30 billion in early April.

Ethereum Foundation Reshuffle Reinforced Confidence

Whale accumulation also coincided with a major restructuring at the Ethereum Foundation in April.

Aya Miyaguchi became President, while Tomasz Stańczak and Hsiao-Wei Wang stepped in as co-executive directors. The Protocol team was streamlined to focus on three priorities: layer-1 scaling, blobspace expansion, and user experience.

The reshuffle reassured investors that Ethereum’s upgrade roadmap, including the Pectra upgrade, would stay on track. For whales, the governance reset served as a fundamental confirmation that April’s dip-buying was backed by long-term network strength.

Symmetrical Triangle Points to $5,260 ETH Price

From a technical perspective, ETH is consolidating inside a symmetrical triangle pattern on the three-day chart. Such setups often act as continuation patterns, with a breakout aligning with the prior uptrend.

A successful move above triangle resistance would project ETH toward $5,260, a level that matches the measured move target of the structure.