Ethereum Price Soars on $148M Inflows and Whale Moves — Is $3,000 Within Reach?
👤Jay Robinson ⏲️July 17, 2025
Ethereum (ETH), the world’s second-largest cryptocurrency, is experiencing renewed bullish momentum as a combination of institutional inflows, whale accumulation, and ambitious technological upgrades drive market optimism. Over the past 24 hours, the Ethereum price has climbed by 2.31%, currently trading at $2,567.41, marking a 4.73% rise over the past week.
Massive Institutional Inflows Signal Growing Confidence
Recent data reveals that Ethereum attracted a staggering $148 million in institutional inflows this week, the fourth-highest weekly total recorded in 2025. This substantial capital injection reflects a growing appetite for ETH among major investors and hedge funds, reinforcing Ethereum’s status as a key player in the evolving digital economy.
The Ethereum Foundation’s unveiling of its ambitious “Giga Era” roadmap has further bolstered investor sentiment. Designed to revolutionize the network’s scalability, the roadmap introduces zk-rollup technology, targeting an extraordinary 10 million transactions per second. This upgrade not only enhances Ethereum’s efficiency but also strengthens its decentralization and long-term value proposition.
Whale Activity Hints at Looming Supply Shock
On-chain data has also highlighted significant whale activity that could influence Ethereum’s price trajectory. Over the past three weeks, a major Ethereum whale has withdrawn nearly 6,989 ETH, worth approximately $17.5 million, from Binance. More recently, the same wallet removed 1,900 ETH, valued at $4.86 million, from the exchange.
Large-scale withdrawals like these reduce available exchange liquidity. If demand surges while supply drops—a classic supply shock scenario—the price is likely to rise. These strategic moves by whales often serve as early indicators of an upcoming bullish breakout.
Ethereum Exchange Reserves Continue to Decline
Supporting this narrative is the consistent decline in Ethereum exchange reserves. Current data shows:
- Total ETH reserves across exchanges: 18,962,692 ETH
- ETH reserves on May 1: 19,576,503 ETH
- Binance ETH reserves: 4,947,990 ETH
The steady reduction in exchange-held ETH suggests that more investors are moving their assets to cold wallets or DeFi platforms, signaling long-term holding strategies rather than short-term trading.
Technical Analysis: Bullish Momentum Builds
Ethereum’s technical indicators further paint a bullish picture:
- 50-day Simple Moving Average (SMA): $2,532.12
- 100-day SMA: $2,211
- 200-day SMA: $2,492.99
- Relative Strength Index (RSI): 54.49
With the 50-day SMA positioned above the 100 and 200-day SMAs, Ethereum shows signs of short- to mid-term bullish momentum. The neutral RSI indicates that ETH still has room to grow before entering overbought territory.
Meanwhile, Ethereum has repeatedly tested resistance around $2,610.9, forming a consolidation pattern. A confirmed breakout above this level could pave the way toward $2,700 and, potentially, the psychological $3,000 mark.
What’s Next for Ethereum Price?
Analysts agree that if current trends continue—driven by whale accumulation, reduced exchange reserves, and institutional inflows—Ethereum is well-positioned for further gains. The successful implementation of the Giga Era roadmap could further accelerate adoption and price appreciation.
As the crypto market continues to evolve, Ethereum remains a focal point for both retail and institutional investors. With technicals aligning and whale activity reducing circulating supply, all eyes are now on whether ETH can break out of its consolidation range and make a decisive move toward $3,000.
About Author
