Ethereum Whales and ETFs Inflow Drive ETH Price Above $4,400

Ethereum (ETH) gained strong momentum this week as big investors’ activities and Exchange Traded Funds (ETFs) inflows drove the price higher. Large whale purchases aggressively accumulated the token, and spot Ethereum ETFs saw strong inflows. These events pushed ETH above $4,400 and strengthened its position as a leading digital asset.

ETH Whale Accumulation Strengthens Demand

Blockchain tracker Lookonchain revealed that three newly created wallets received 46,347 ETH worth $204.4 million within just three hours. 

These transfers came directly from FalconX hot wallets. The biggest single buy was over $82 million in ETH, while two other wallets added more than $40 million each. These huge purchases show that big investors strongly believe in Ethereum’s future. 

The steady demand from whales is now a key force behind ETH’s market strength. After these purchases, Ethereum’s price climbed to $4,423, up 1.68% in the past 24 hours, according to CoinMarketCap. This marked a gain of $73 compared to the previous day’s close.

Ethereum Eyes $4,500 as Institutional Demand Fuels Rally

Data from TradingView showed that ETH maintained an upward trajectory throughout the day, even though the market experienced sharp fluctuations at certain points. Over time, Ethereum has continued to show strong performance, with analysts saying the coin is having its best Q3 in all of history.

Ethereum has risen more than 4% in the past month, over 131% in the last six months, and about 85% in the past year. Since the start of the year, it is up nearly 33%, showing its strength and growing influence. 

Analysts now see $4,500 as the next resistance level, while strong institutional demand could keep the price above $4,300 in the short term. If this trend continues, Ethereum may soon reach another major milestone as a global financial asset.

ETFs See Strong Institutional Inflows

Spot Ethereum ETFs also drew strong interest, bringing in $171.5 million in one day and raising their total net assets to $27.73 billion, according to SoSoValue. BlackRock’s ETHA saw the biggest inflows, followed by Fidelity’s FETH. 

Other major funds from VanEck, Grayscale, Bitwise, and Invesco also posted solid gains, showing wide institutional participation in regulated Ethereum products. Together, whale purchases and ETF inflows added up to nearly $375 million of Ethereum bought in just one day. 

This points to ETH’s growing role in institutional portfolios and its rising appeal to asset managers. Liquidity is expected to grow as ETFs keep attracting fresh inflows. At the same time, whale accumulation shows long-term confidence in Ethereum as a driver of financial innovation.

Some analysts even suggest ETH’s price could reach $10,000, especially since ETFs have already drawn over $2.8 billion in inflows since August.