Ethereum Price Prediction: Whale Bags $320M ETH, Can ETH Price Hit $3,000?

Ethereum price prediction is once again in focus after a Consensys-linked whale purchased $320 million worth of ETH.

On June 3, 2025, U.S. Ethereum spot ETFs recorded net inflows of $109.43 million, marking the twelfth consecutive day of positive flows.

BlackRock’s iShares Ethereum Trust led that activity with $77.06 million in fresh capital. The following day, Arkham Intelligence reported that a singular wallet tied to Consensys acquired $320 million in ETH from Galaxy Digital.

Of that sum, $120 million worth of ETH moved to Liquid Collective for staking, tightening available supply at current price levels. This confluence of events sets the stage for renewed discussion on whether ether can break through $3,000.

Ethereum Whale Activity Tightens Supply

According to Arkham Intelligence, the Consensys-associated wallet executed the $320 million ETH purchase in a single transaction.

By staking $120 million in ETH—approximately 41,000 tokens—through Liquid Collective, the whale removed a significant portion of the liquid supply.

At June 4 pricing, that allocation equates to roughly 110,000 tokens. Such a large buy order can create a vacuum in the order books near prevailing levels, potentially tightening markets and applying upward price pressure.

Large whale purchases often act as a confidence signal for other traders. Staking part of that holding further indicates a long-term outlook and desire to earn staking rewards. Combined, these factors underpin a bullish case for short-term Ethereum price prediction.

On-chain metrics from IntoTheBlock’s Global In/Out of the Money (GIOM) indicator show that immediate resistance lies between $2,726 and $2,856.

Within that range, 4.13 million ETH are held by 2.7 million addresses, which would break even or sit on a small profit if the price reaches those levels.

Beyond $2,856, roughly 12.32 million ETH are held by 10.77 million investors at an average acquisition price of $2,613.

Since the out-of-the-money supply is nearly three times larger than the immediate resistance band, surpassing $2,856 could trigger significant buy-side momentum as these holders move back into profit.

This scenario would clear the path toward $3,000. Conversely, failure to breach $2,726 could prompt renewed selling and send ether back into the $2,400–$2,700 range.

Ethereum Price Prediction: Will ETH Price Hit $3,000?

Technical signals on June 3 favored a bullish continuation. Ethereum posted a 1 percent gain that day, lifting weekly returns above 3 percent.

On the daily chart, the 50-day exponential moving average (EMA) recently crossed above the 100-day EMA, producing a classic “golden cross” pattern.

Historically, similar crossovers have preceded rallies in past cycles. The Relative Strength Index (RSI) rose above 60 but remained below overbought territory, suggesting room for further upside before momentum wanes.

Key Fibonacci retracement levels provide additional clarity. Ethereum price has been consolidating between the 38.2 percent retracement at $2,395 and the 50 percent level at $2,699.

A sustained breakout above $2,699 would open the 61.8 percent target at $3,000. If bullish momentum carries beyond that, the 78.6 percent retracement level sits at $3,436.

Joao Wedson, CEO of Alphractal, highlighted on-chain accumulation data and possible price targets in a tweet on June 3.

Wedson shared a three-month aggregated liquidation heatmap, noting significant accumulation at lower levels that could fuel a breakout.

He projected a target of $2,830 if Ether can clear $2,660 while identifying a stop-loss level near $2,556 to manage downside risk.

This aligns with broader market recognition that clearing resistance at $2,856 and holding above $2,699 will be crucial.

Traders should watch these levels closely as part of any Ethereum price prediction strategy. Falling below $2,556 may signal a pullback into the mid-$2,000 range.

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