Ethereum Price Prediction: Whale Buy & Staking Signal $2.7K Upside Next

A $320M ETH buy from a Consensys-linked whale boosts confidence as Ethereum nears a breakout above $2,644.

Written by: Maham Arslan • Thursday, June 5, 2025 • 2 min read

• Last updated: Thursday, June 5, 2025

Quick overview

A $320M ETH buy from a Consensys-linked whale boosts confidence as Ethereum nears a breakout above $2,644. Here's what it means for the price and market.

Ethereum made headlines this week after a wallet linked to Consensys bought over 100,000 ETH—worth $320 million—in a single transaction.

The move, tracked by Arkham Intelligence, went through Galaxy Digital and is one of the largest institutional buys in recent history. $120 million of the ETH was staked through Liquid Collective, showing confidence in Ethereum’s staking model and long-term performance.

This isn’t random. Large ETH purchases from trusted industry players means they believe in Ethereum’s infrastructure, especially the Proof-of-Stake (PoS) mechanism. The staking in particular locks up supply and means this whale isn’t looking for a quick flip.

Highlights:

$320M ETH purchase via Galaxy Digital
$120M staked on Liquid Collective
Signals strong belief in Ethereum PoS
Reduces liquid ETH supply short-term

ETH/USD

Price Response and Market Sentiment

The market didn’t ignore this. Ethereum’s price shot up to $2,667.17 after the transaction was spotted, then back down to $2,627 with a 0.2% dip. Still, the move showed how sensitive ETH’s price is to whale activity especially when combined with long-term staking.

Big buys from high net worth wallets can create short term supply constraints and fuel price upwards. This transaction also fits into a broader trend of institutional inflows into Ethereum after BlackRock’s $77.1M investment in its ETH ETF. In short, the big players are getting in and staying in.

Regulatory clarity is helping. The SEC recently said staked ETH isn’t a security so compliance is easier and more institutions can get in.

ETH/USD Price Chart - Source: Tradingview — ETH/USD Price Chart – Source: Tradingview

Ethereum Technical Setup: Breakout on Deck?

Technically ETH/USD is coiling in a symmetrical triangle on the 2 hour chart around $2,594. Price is above the 200 period EMA ($2,550.92) but struggling to get back above the 50 EMA ($2,597.94).

Support is at $2,547 and resistance is at $2,643.69. Price has higher lows since May 31 which is bullish. A break above $2,644 could be quick to $2,689 and $2,737.

Trade Setup:

Entry: 2H close above $2,644
Targets: $2,689 and $2,737

Stop: Below $2,547

If price breaks below the ascending trendline, expect downside targets around $2,480 and $2,429. For now, ETH is in a holding pattern—whale confidence and institutional inflows are building pressure. All that’s left is confirmation.

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ABOUT THE AUTHOR See More

Maham Arslan

Crypto News Writer | Blockchain & Web3 Reporter

Maham is a crypto news writer and market analyst specializing in breaking down the latest developments across blockchain, digital assets, and decentralized finance (DeFi). With hands-on experience covering high-impact stories—from regulatory shifts and token launches to macro-driven price movements—she delivers timely, accurate, and SEO-optimized content for fast-growing crypto media platforms. Her expertise lies in producing daily news reports, price predictions, technical summaries, and coverage of market-moving events. Maham tracks real-time updates across global newswires, X (Twitter), and on-chain data to provide actionable insights tailored for retail traders, crypto enthusiasts, and institutional readers. With a strong grasp of crypto fundamentals and Web3 trends, she delivers content that’s informed, accessible, and always on time.