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Ethereum price sits around $2,012, down 12% from early May. Whales bought over $2 bn of ETH while ETFs see outflows, signaling strong institutional positioning.
Ethereum’s price fell about 12% to roughly $2,012, yet the largest non‑exchange wallets accumulated more than $2 billion worth of ETH between May 1 and May 29, a net gain of over one million tokens [1].
| At a glance | |
|---|---|
| Price | $2,012 |
| 24‑hour change | –0.3% (approx.) |
| Recent move | –12% since early May |
| Catalyst | Whale accumulation + institutional ETF inflows |
Santiment’s on‑chain data shows non‑exchange whale wallets grew from 124.15 million ETH to 125.17 million ETH, adding more than $2 billion at current prices [1]. The same period saw ETH’s price slide from above $2,300 to the current level, a 12% decline. Long‑term holders tracked by Glassnode have remained net buyers since late February, with the hodler net‑position metric staying green and even accelerating since mid‑May [1]. In contrast, smaller holders have been net sellers, driving the price drop.
Spot Ethereum ETFs have recorded $12.05 billion in cumulative net inflows, with a weekly peak of $187 million, indicating growing institutional demand [2]. BlackRock’s pending staked ETH ETF (ETHB) could further broaden exposure by offering staking yield to investors, while the upcoming “Glamsterdam” upgrade—targeted for June 2026—promises a 78.6% gas‑fee reduction and throughput of 10,000 tps [2]. Both the ETF flow and the upgrade are cited as primary drivers that could lift ETH toward the $4,000 mark later this year.
| Token metrics | |
|---|---|
| Staked supply | ~30% of circulating ETH |
| Large‑wallet holdings | 22.03% of total supply (wallets ≥100k ETH) |
The $2 billion whale accumulation does not guarantee a rally, but it places the biggest investors in a position to benefit if institutional inflows or the Glamsterdam upgrade spark a price bounce. The next few weeks will test whether on‑chain buying can translate into a meaningful recovery for Ethereum.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jul 5, 2026 · How we report
It is an Ethereum network upgrade designed to increase the block gas limit, lower transaction fees, and improve overall network capacity.
Yes, Charles Schwab began rolling out direct Ethereum trading to select retail clients in May 2026, charging a 0.75% fee per trade.
As of late August 2026, Ethereum trades around $2,460, which is approximately 50% below its August 2025 all-time high of $4,953.