The post Can Ethereum break $3,800 next as whales and institutions load up? appeared on BitcoinEthereumNews.com.

Ethereum rallied past $3,700 earlier on Aug. 5 as whale and institutional accumulation intensified. Can it recover back above $3,800 by the end of the week? Summary Ethereum remains 148% above its year-to-date low despite recent volatility. New whale wallets have scooped up over $3 billion in two days. Macro uncertainty and ETF outflows continue to cap upside momentum for ETH. According to data from crypto.news Ethereum (ETH), the leading altcoin by market cap, rose 5.7% to an intraday high of $3,730 on Tuesday, Aug. 5, before settling back at $3,650 at press time. Its price is currently 148% above its year-to-date low. The recent surge comes just weeks after Ethereum attempted to break above the $4,000 mark in late July but was rejected near $3,900 due to macro headwinds that ate into institutional risk appetite and a notable decline in total value locked across its ecosystem. ETH is seeing renewed whale accumulation and institutional inflows Ethereum’s rebound this week appears closely tied to renewed accumulation by whales and large entities. According to data from Santiment, the number of wallets holding more than 10,000 ETH has grown noticeably over the past few days, indicating that large holders are positioning for potential upside. Source: Santiment Meanwhile, on Aug. 4, two newly created addresses acquired nearly 40,000 ETH worth approximately $142 million, according to data from Lookonchain. The buying trend intensified on Aug. 5, when three additional wallets accumulated another 63,837 ETH valued at around $236 million.  In total, Lookonchain reports that 14 fresh whale wallets have collectively accumulated over 856,000 ETH, worth nearly $3.16 billion, over just two days. This scale of accumulation, particularly from new wallets, often signals growing conviction from high-net-worth individuals or institutional actors. These buyers typically take longer-term positions and accumulate ahead of expected price appreciation. Their…

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Filed under: News - @ August 5, 2025 10:24 am