On June 15, Ethereum whales accumulated over 818,000 ETH (approximately $2.5 billion), marking the largest daily inflow for this group since 2018. This surge follows a notable increase in institutional demand for Ethereum, with ETH-focused investment funds drawing in $583 million in the week ending June 13, leading to year-to-date net inflows of $2.28 billion. Currently, ETH's price has increased by 90% over the past two months but remains within a consolidation range that echoes its breakout pattern from 2017. Analysts suggest that the price target for ETH could reach $4,000 in the short term, potentially even as high as $10,000, if the current upward momentum continues. Ethereum is currently coiling below resistance, reminiscent of the price behavior seen prior to significant surges in the past. This accumulation by wealthy addresses, often linked to early investors and funds, signals a bullish outlook for the cryptocurrency's future performance.

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