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Ethereum whale transactions hit highest since May 2021 amid rising institutional demand and ETF inflows.

Market News
20 Jul 2026
Blockonomi
View Source
Bullish
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Ethereum whale activity surged with 113,000 Wrapped Ether (WETH) transactions above $100,000 in one week, the highest since May 2021. This rise coincides with increased institutional interest, highlighted by BlackRock's ETHA ETF attracting over $135 million in inflows mid-July. Corporate treasury moves, like BitMine's accumulation and staking of millions of ETH, further reduce liquid supply. Ethereum price support at $1,850 is key, with potential to reach $1,938 or higher if sustained, while a drop below could test lower supports around $1,818 and $1,775.

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