Significant Ethereum whale activity suggests market optimism. A recent period saw whales accumulate over 1.12 million ETH between May 24-29, 2025. This accumulation aligns with growing institutional interest in Ethereum ETFs and a potential shift in capital flow away from Solana (SOL) towards Ethereum (ETH). Experts predict this trend could lead to price increases for Ethereum, potentially reaching $3,400 if bullish trends continue. Institutional involvement is also evident, as wallets added 190,000 ETH worth $513 million during the same period. This coincides with a strong performance for ETH, which rose by 46% in May. Historical patterns suggest similar potential outcomes if the positive trend continues, according to Santiment analysis.