Whale and Public Companies Buy Ethereum – Will ETH Reach $7,000 Level?
Jakarta, Pintu News – As reported by BeInCrypto (12/8), data shows that many public companies and large crypto owners are increasing their ETH holdings, while Ethereum on-chain activity is increasing.
These factors provide a strong basis for ETH’s bullish momentum, with the analyst setting a short-term price target as high as $7,000.
Public Companies Increase ETH Holdings
The current phase revealed that some public companies have accumulated a large amount of ETH in their coffers. For example, BitMine announced that it held approximately 1,150,263 ETH (at a price of approximately $4,311 per ETH).
Read also: ETH Surpasses $4K: Is the Biggest Crypto Bull Run on the Horizon? Here’s Miles Deutscher’s Analysis!
Similarly, SharpLink (SBET) is reported as another big player in this space, with holdings of around 521,939 ETH.
In addition, a striking transaction reported by OnchainLens showed that a whale had accumulated nearly 60,000 ETH across multiple platforms.
Ethereum ETFs managed to surpass $1 billion in net inflows on August 11, with BlackRock’s ETHA leading the way, signaling institutional interest.
ETH Locked for Staking Reaches Highest Levels
At the infrastructure layer, on-chain data shows that the amount of ETH locked for staking has reached an all-time high. The Terminal Token recorded a staking value exceeding $150 billion.
Meanwhile, ETH reserves on exchanges fell to an all-time low of around 18.9 million ETH, according to Axel_bitblaze69. Taken together, these indicators reduce the supply available for sale and could fuel price growth.
Tokenized assets are also heavily concentrated on Ethereum. Token Terminal reports that approximately 58% of publicly tokenized assets reside on Ethereum, reinforcing the view that Ethereum directly benefits from capital flows into RWAs and tokenization.
Short-term ETH Price Target
In addition to positive on-chain indicators, ETH is also forming a promising technical pattern. Analyst Gert van Legen observed that ETH has fully breakout above the Descending Broadening Wedge pattern on the weekly chart.
Read also: Ethereum Jumps to $4,600 on August 13 — Is a New All-Time High on the Horizon?
“Next target: the all-time high of $4,860. Ready to attack,” says Gert van Legen optimistically.
Using the Pricing Bands, analyst Ali also projects that the next targets for Ethereum are $5,210 and $6,946.
With ETH currently trading at around $4,600, the price would need to rise between 14% and 63% to reach these targets.
Analysts Predict ETH Could Reach $7K This Year
With a similar outlook to Ali, VirtualBacon analyst believes ETH could reach $6,000-$7,000 this year. He notes that the price rally towards $4,300 has opened up opportunities for much higher levels towards the end of the year.
“If #Bitcoin moves towards $150K and ETH/BTC rises to 0.044, $ETH could reach $6,000-$7,000 this year. My conservative target? $6,600,” VirtualBacon said.
From another bullish perspective, Crypto analyst Patel also sees strong upside potential in the short-term for Ethereum, especially if the price manages to break the $4,400 level.
The combination of strong spot market demand, active derivatives trading, with high open interest and significant short positions, as well as reduced supply due to staking and outflows from exchanges created the ideal conditions for a sharp – potentially parabolic – rally.
However, Patel warns that selling pressure could emerge if prices fail to break the $4,400 level and reverse downwards.
That’s the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today‘ s solana price, pepe coin and other crypto asset prices through Pintu Market.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- BeInCrypto. Ethereum Price Target Amid Supply Crunch. Accessed on August 13, 2025
