A prominent Ethereum whale engaged in a strategic accumulation, purchasing $11.7 million worth of ETH during a recent dip in price. This coincides with record-breaking inflows into Ethereum-based exchange-traded funds (ETFs), signaling increased institutional interest in the asset. According to on-chain data, two wallets likely belonging to a single entity purchased 4,521 ETH at an average price of $2,593 following the recent price decline. This purchase aligns with the continued growth of Ethereum ETFs, which saw a net inflow of $240.29 million on June 11th. This marks the 18th consecutive day of positive inflows and has brought the total amount to $3.74 billion. This activity comes as BlackRock’s ETHA ETF led with $163.64 million in inflows, reaching $4.54 billion in net assets. As whale behavior indicates confidence at a key price point, this suggests anticipation of price recovery or a strategic response to ETF-driven demand.