Ethereum Price Breaks $2,600 With Whale Activity and ETF Inflows Fueling Rally

Sean Williams
Ethereum (ETH)

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Key Takeaways:

  • Ethereum has reclaimed $2,600, backed by whale buying and robust on-chain support at $2,500.
  • Institutions are increasing their ETH exposure, with SharpLink and GameSquare leading the charge.
  • TOKEN6900’s explosive presale shows growing interest in high-risk, high-reward alternatives in the crypto market.

Ethereum (ETH) is showing fresh strength in the market, climbing over 3% in the past 24 hours and reclaiming the $2,600 mark. This rally comes amid heavy whale accumulation, strong institutional demand, and sustained inflows into Ethereum ETFs. Market analysts are optimistic, with some setting bold targets of $4,000 for the next bullish leg.

Ethereum Finds Strong Support at $2,500

Ethereum has formed a solid base at the $2,500 level, with crypto analyst Rekt Capital highlighting a key weekly close above this mark. ETH has since retested this level as support, confirming its strength and reducing the likelihood of a major pullback.

On-chain data from Glassnode shows intense accumulation above $2,500. Approximately 3.45 million ETH have a cost basis between $2,513 and $2,536—making this range one of the most significant support zones in recent months. Traders and long-term holders appear ready to defend this area, signaling bullish sentiment and a possible breakout toward higher price targets.

Institutions Deepen Ethereum Exposure

The rise in ETH price is being driven, in part, by growing interest from institutions. SharpLink Gaming, the largest corporate holder of Ethereum, recently added 7,689 ETH to its treasury at an average price of $2,501, raising its total ETH holdings to 205,634.

GameSquare, another Nasdaq-listed company, announced a $100 million Ethereum treasury strategy on July 8. It plans to fund this initiative through a public share offering worth $8 million. Meanwhile, Bit Digital also expanded its Ethereum exposure, purchasing $200 million in ETH and bringing its holdings to over $254 million.

In parallel, spot Ethereum ETFs have enjoyed consistent inflows for eight consecutive weeks, with more than 61,000 ETH added during this time—underscoring a steady institutional appetite for Ethereum.

TOKEN6900 Emerges as a Speculative Alternative to Solana

Outside Ethereum, the TOKEN6900 presale has been making waves. Framed as a rebellious, high-energy alternative to legacy blockchain projects like Solana, TOKEN6900 emphasizes community-driven hype, speculation, and disruption.

Also Read: Ethereum Whale Awakens After 10 Years—But On-Chain Data Signals Bullish Outlook

The presale has already raised $225,000, with the token priced at $0.006475 and an end target of $0.007125. Its unconventional tokenomics include 40% allocated to marketing and 15% to core development. The project is targeting retail adoption by accepting both crypto and credit card payments.

With Ethereum solidifying its position above $2,500, strong on-chain accumulation, and rising institutional demand, ETH appears poised for a sustained rally. Meanwhile, speculative plays like TOKEN6900 continue to reflect the growing diversity and creativity in the crypto space.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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