Ethereum (ETH) Price Action Mirrors Bitcoin (BTC) Pre-Bull Run Phase; ETH Primed for 250% Rally to $15K by 2026

Ethereum price action is currently mirroring of Bitcoin's price action from 2020 to 2021. Similar patterns led BTC to significant gains during that period.

Fresh data reveals that over the past year, Ethereum (ETH) whales have been accumulating the second-largest cryptocurrency at an increasing rate.

This revelation comes as institutional investors, such as US Spot ETFs, continue to acquire ETH, with a collective $400 Million being added last week alone.

According to on-chain analytics firm Glassnode, large ETH addresses, defined as those holding 10k-100k ETH, have been steadily adding to their holdings since early 2024.

This period coincides with the entry of US Spot ETFs into the scene, accumulating ETH, with a peak in their activity being observed around mid-2024.

Notably, last week's $400 Million institutional buying aligns with this trend, pushing the balance higher and indicating strong institutional interest, which could be a sign of confidence in ETH's future value.

This institutional buying can help establish a floor for ETH's price, reducing volatility and potentially leading to price appreciation due to increased demand.

Meanwhile, larger holders, known as whales, with balances exceeding 100k ETH, showcased a steady accumulation trend with less volatility compared to retail accumulation.

Their activity has been relatively stable with slight increases over time, suggesting that despite market fluctuations, whales are consistently accumulating ETH.

The unprecedented amounts of ETH being quietly vacuumed up by whales could be presenting themselves on the chart as the steady upward trend of the orange line.

This accumulation by whales can significantly impact ETH's price by reducing the circulating supply, which, when coupled with increased demand from ETFs, could lead to a bullish scenario for ETH.

This dual accumulation by ETFs and whales leaves less ETH up for grabs by other investors, often leading to price increases due to basic supply and demand economics.

Moreover, the confidence displayed by these large players could influence market sentiment, encouraging more investment and potentially driving ETH's price up.