Ethereum Whales Buy Dip as ETF Inflows Roar Back

Ethereum whales have been buying up ETH as its price nears $1,963. According to Glassnode data, wallets containing 1,000 to 10,000 ETH have increased from around 4,750 in early June to 4,850.

U.S. spot Ethereum ETFs also recorded a third consecutive week of inflows, adding $103.9 million during the week ending July 24.

This accumulation comes despite active addresses remaining near 400,000, which is below recent highs but above lows.