- ETH whales have scooped up over 420,000 ETH ($811 million) in the last five days.
- US spot ETH ETFs saw outflows worth $35.30 million on March 14th.
- Hoodi testnet will go live on March 17th while Pectra is expected to launch in April.
Despite recent struggles, Ethereum whales are making their moves. Analyst Ali Martinez reports that whales have accumulated over 420,000 ETH (worth $811 million) in the last five days.
This comes as Ethereum (ETH) underperforms in the 2025 crypto market cycle, down 10.35% in the past week.
Adding to the mixed signals, US Spot ETH ETFs recorded $35.30 million in outflows on Friday, with BlackRock’s ETHA seeing the highest outflows at $36.37 million, as per SoSoValue.
Pectra Upgrade and Testnet Developments
Ethereum is preparing for its next major upgrade, Pectra, which aims to improve scalability and staking flexibility. The new testnet, named Hoodi, is set to launch on Monday, March 17. This follows previous testnets Holesky and Sepolia, which encountered technical challenges, par…
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