Ethereum Price Rises Over 8% to $3,177 Despite Low Whale Demand

The altcoin market, driven by Ethereum, shows renewed bullish sentiment following a Bitcoin rebound. Ethereum's price rose over 8% in 24 hours to approximately $3,177.

• Ethereum's fully diluted valuation is around $383 billion.
• Average traded volume in the last 24 hours reached about $40 billion.
• A Doji candlestick on Monday indicates potential bullish momentum.
• Price has formed a bullish continuation pattern on the daily time frame.
• Ethereum rebounded from the 50-day Moving Average, signaling a possible move towards all-time highs.
• Bitcoin dominance reversal suggests an upcoming altseason.

Whale Activity

Ethereum whales are less active, with new active addresses declining by 9.32% to around 100K in the past week. Demand for Ether from whale investors has remained low since March 2024.

• ETH supplies on centralized exchanges increased by over 400k units to approximately 15.8 million since January 2025.
• US spot Ether ETFs experienced a cash outflow of about $39 million on Monday, totaling a net inflow of $2.4 billion and cumulative net assets of $10.8 billion.
• Only BlackRock’s ETHA ETF saw a net cash inflow of $12.9 million, with net assets of about $3.4 billion.

Market Overview

The Ethereum network leads the Web3 sector with over $63 billion total value locked and a stablecoins market cap exceeding $113 billion. Institutional interest in Ethereum's layer two scaling solutions has grown significantly.

With increasing mainstream adoption and pending major upgrades, Ethereum is positioned for potential exponential growth.