Well, gather ’round, folks, for I have news from the wild world of Ethereum, or as I like to call it, the land of digital dreams and occasional nightmares. Our dear Ether (ETH), at the time of this scribblin’, is prancing about at a shiny $2,100-a sprightly little rise of almost 1% in a day and a robust 4% over the last week. It seems some long-term holder has taken to hoarding ETH like a squirrel preparing for winter, even as the good ol’ US of A’s spot Ether ETFs are performing a rather sorry dance with outflows.
- In a curious twist, a wallet known as thomasg.eth has been on a spending spree, adding a staggering $19.5 million in ETH while the market remains a paltry 56% below its all-time high. Talk about bargain hunting!
- Meanwhile, our beloved US spot Ethereum ETFs have been shedding assets faster than a cat sheds fur in spring, with net outflows of $55.7 million, $136.4 million, and $42 million over three days-what a spectacle!
- Tom Lee-yes, that Tom Lee-has piped up, suggesting that ETH might have already kissed the bottom, drawing parallels to historical market recoveries. You know, the kind of analysis that makes you feel smarter just for reading it.
Now, let’s talk about this thomasg.eth character. According to Arkham Intelligence, this early Ethereum enthusiast has been pulling out the big bucks, adding around $19.5 million worth of Ether-across all the varieties, mind you-like a kid at a candy store. Just the other day, on March 20, they plopped down another cool $3 million. Why, back in the glory days of 2021, this wallet boasted a jaw-dropping $537 million in crypto assets. And now? Well, it’s still slumming it at a mere 56% below the all-time high of $4,946, which, according to CoinGecko, was recorded on Aug. 24, 2025. Prices sure do have a way of deflating, don’t they?
The ETF Outflows: A Tragic Comedy
As thomasg.eth engages in this financial ballet, US spot Ether exchange-traded funds are having their own shindig, but it’s less of a gala and more of a tragedy. According to SoSoValue, these funds have seen net outflows of $55.7 million on March 18, $136.4 million on March 19, and $42 million on March 20. Quite the show! One large holder accumulates while these investment products are simply losing weight faster than I do after a hearty meal.
The irony here is thicker than molasses in January: while one big fish is gobbling up ETH, the ETFs are just drifting away, like the last bit of summer before autumn sets in.
Tom Lee Takes the Stage with Predictions
Now, our friend Tom Lee from Bitmine Immersion Technologies has also jumped into the fray, increasing his Ether exposure. With about 4.6 million ETH under his belt, he’s not just dipping his toes; he’s diving right in! Lee posits that ETH may be hovering near the bottom of this rollercoaster ride, citing some fancy analysis from a fellow named Tom DeMark. According to him, Ethereum’s recent setup is showing a striking 93% correlation with the S&P 500’s recovery following the 1987 crash-a real blast from the past. He also pointed out ETH’s realized price near $2,241 and noted that it’s trading at a similar discount to the levels we saw during those previous lows. A case of déjà vu, perhaps?
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2026-03-21 13:09