Ethereum ETF News Could Spark 'Massive' Move, Traders Say

by Khyathi Dalal Benzinga Staff Writer

Zinger Key Points

Ethereum whales have accumulated 430,000 ETH in the past 72 hours, despite price volatility.
SEC acknowledged CBOE’s filing for staking in the 21Shares Core Ethereum ETF, boosting institutional interest.
Get access to your new suite of high-powered trading tools, including real-time stock ratings, insider trades, and government trading signals.

Ethereum ETH/USD remains in a sideways range, but rising ETF inflows, whale accumulation, ETF applications are fueling speculation of a major rally.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
Ethereum ETH/USD	$2,741.19	$330.5 billion	+0.6%	+3.3%
Bitcoin BTC/USD	$97,204.60	$1.92 trillion	+0.8%	+1.4%
XRP XRP/USD	$2.68	$155.09 billion	+2.4%	+9.8%

Trader Notes: Crypto trader Mikybull Crypto noted significant Ethereum accumulation, predicting that once ETH starts moving, the rally will be "massive."

Crypto chart analyst Ali Martinez pointed out that Ethereum is range-bound, possibly retesting $2,300 support before a move toward $4,000. In a worst-case scenario, he warns of a double-top pattern.

In the best-case scenario, #Ethereum $ETH is range-bound, meaning it could test $2,300 support before rebounding toward $4,000.

However, in the worst-case scenario, this could be shaping up as a double-top pattern. pic.twitter.com/LKZJoXiucQ
— Ali (@ali_charts) February 20, 2025

Ted Pillows believes ETH will surpass $10,000 this cycle, citing institutional adoption and dominance in stablecoin liquidity.

JJCycles compared Ethereum's current setup to Bitcoin in 2023, stating that a prolonged consolidation could lead to a powerful multi-month uptrend.

Ethereum is now where Bitcoin was in 2023.

The longer the consolidation, the longer the squeeze.
I'm expecting a multi-month uptrend for Ethereum.$ETH pic.twitter.com/C8ICfxQjI6
— JJcycles (@JJcycles) February 19, 2025

Statistics: Crypto chart analyst Ali Martinez revealed that whales accumulated 430,000 ETH in the past 72 hours, sparking speculation of an upcoming breakout.

Crypto trader venturefounder noted ETH is on track for its worst February in a post-halving year (2017, 2021, 2025), following a weak January. Its 2025 pattern currently resembles halving +2 years (2018, 2022)—typically seen after cycle tops.

Pillows highlighted Ethereum ETF inflows hit $19 million (as of Feb. 19), with Fidelity being the largest buyer.

IntoTheBlock data shows large transaction volume decreased by 35.7%, while transactions greater than $100,000 went down from 7,121 to 5,572 in a single day. Daily active addresses grew 5.6%, exchanges netflows declined by 372.5%.

Community News: ETF Store President Nate Geraci announced that the SEC has acknowledged CBOE's 19b-4 filing, which seeks approval for staking in the 21Shares Core Ethereum ETF. If approved, this could drive higher institutional inflows into Ethereum and potentially trigger a price surge.

Read Next: