Ethereum (ETH), at the time this article was written, traded at $2100, an increase of almost 1% in the last 24 hours, and 4% for the previous seven days. Data from onchain shows that a long-term Ethereum owner has been accumulating new assets, while US Ether ETFs are still experiencing outflows.
The following is a summary of the information that you will find on this page.
- Ethereum wallet thomasg.eth has added $19.5M to the market, but it is still 56% lower than its ATH.
- US spot Ethereum funds have experienced outflows totaling $55.7M, $126.4M and $42M in just three days.
- Tom Lee says ETH could have bottomed out already, citing historical correlations.
Arkham Intelligence shows data that over the last week, an Ethereum wallet from early days known as thomasg.eth re-established its exposure. The wallet purchased about $19.5 Million in Ether, which included spot ETH and wrapped ETH. It also added Aave-deposited Ether.
Arkham said The same wallet had about $537,000,000 in cryptocurrency assets when the market peaked in 2021. The recent purchase comes as ETH is still about 56% lower than its record high price of $4,946 set on August 24, 2025. (according to CoinGecko data).
ETF withdrawals for the third day continue
This wallet purchase came in the midst of another weak period for US Ether Exchange-Traded Funds. SoSoValue Data showed On March 18, the fund posted net outflows totaling $55.7 Million, on March 19 $136.4 millions and on March 20, $42,000,000.
This pattern indicates that onchain and institutional funds are moving in different directions. While a large ETH holder continues to add ETH in recent sessions, the listed products continue to lose money.
Tom Lee: ETH could be at a low point
Bitmine Immersion Technologies has also increased exposure to Ether. It is chaired Tom Lee of Fundstrat. The company is now holds According to the report, there were recent accelerated sales of 4.6 millions ETH.
He said that the bottom of the ETH may have already been reached. He said that the ETH bottom may already be in. cited analysis from Tom DeMark, saying Ethereum’s recent setup shows a 93% correlation with the S&P 500’s recovery after the 1987 crash and the 2011 bottom. Lee pointed out that Ethereum’s Realized price was near $2,241; ETH trading is at a level similar to past lows.
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Source: crypto.news
