Institutional demand for Ether remains strong, with BitMine Immersion Technology buying $470.5 million worth of ETH in the past 10 hours. Another undisclosed whale has accumulated $412 million in ETH over four days, using a long-term storage strategy.

BitMine and SharpLink are raising billions through stock offerings. Additionally, large Ether holders are accumulating the cryptocurrency, with one entity purchasing $1.3 billion in ETH across 10 wallets this week.

Standard Chartered has raised its 2025 price target for Ether to $7,500, citing increased institutional accumulation and faster stablecoin adoption. The bank’s long-term outlook sets ETH at $12,000 in 2026, $18,000 in 2027, and $25,000 by 2028.

As ETH nears a new all-time high, profit-taking has begun with 7 Siblings selling $88.2 million worth of ETH in 24 hours. The Ethereum Foundation has also sold $12.7 million worth of ETH in two transactions, signaling potential market shifts.

Read more at Cointelegraph: BitMine, Mystery Whale Snap Up $882M in Ether Amid Institutional Buying Wave