Ethereum Price Prediction: $2700 Possible As Accumulate Ensues?

Ethereum price has recorded a massive dip today, amid a broader crypto market selloff. However, the recent institutional interest and whale accumulation indicate that the crypto might witness a recovery soon.

Top financial organizations have bought over $500 million in Ethereum in recent days as they develop increased interest in the top altcoin.

With large investors buying more, technical patterns indicate that the Ethereum price is testing a key resistance with a breakout target at $2,700.

Institutions Acquire Over $500M in Ethereum

Between June 10 and June 12, 2025, asset managers, such as BlackRock, Grayscale, Fidelity, and Bitwise, acquired more than $500 million in Ethereum via the spot exchange-traded funds (ETFs).

Based on the ETF net inflow metrics, BlackRock topped having over 124,000 ETH amassed within this duration. Grayscale and Fidelity also added regular daily purchases across their ETF products with ETH.

Additionally, data from CoinGlass indicated net inflows of 172,000 ETH over the three days. These purchases mark the largest accumulation volume by ETF providers since ETH spot ETF listings became active.

The purchasing trend is localized to a relatively stable volume price action, indicating these institutions are setting positions expecting bullish momentum.

Whale Wallets Add Over 600,000 ETH in Early June

More so, on-chain analytics from Glassnode showed that wallets holding between 1,000 and 10,000 ETH  increased their holdings in early June.

Whale net position change data revealed a clear rise in ETH supply held by these wallets, with an uptick of more than 600,000 ETH within the first two weeks of the month.

Besides, the increase followed months of reduced whale activity and coincided with broader ETF inflows. The whale net position change bars became sharply positive in this period, reflecting the outflows experienced in April.

Furthermore, this accumulation was made amidst lower volatility in the Ethereum price, indicating positioning as opposed to responsive buying.

$10 Million ETH Accumulated via CoW Protocol

According to data provided by analyst Ted Pillows on X, one Ethereum whale bought more than 10 million dollars in ETH in several transactions using the CoW Protocol.

The inflows were made up of one-time transfers of between about $759,000 to $1.6 million per transfer. The receiving address made purchases totaling more than 2,500 ETH.

Additionally, this was done at the time of a temporary short-term price decrease, signifying that there is active participation of high-net-worth players even after dips.

The inflows were noted within days of the institutional ETF buying. This signaled coordination in the accumulation patterns of various investors.

ETH Price Approaches Resistance at $2,700

On the technical side, Ethereum price is attempting to break a downward resistance level running since early June. The asset has been in a descending sloping channel, and recent movement has approached the breakout point.

Analyst Carl Moon shared a chart indicating that ETH is currently positioned just below this resistance. A successful breakout could lead to a move toward the $2,700 horizontal level.

Furthermore, the $2,700 level also coincided with historical resistance from earlier price action. That makes it a relevant target in the short term. ETH has been trading in a narrow range near $2,550, and the tightening Bollinger Bands suggest a potential sharp move.

The chart structure showed that the Ethereum price was attempting to reverse the trend that began after it retreated from the $2,800 area in May.

At the time of writing, Ethereum price traded at $2,439, down nearly 5% on the day. More so, the altcoin rebounded from intraday lows near $2,371.47 and its 24-hour high were recorded at $2,559..

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