Ether (eth)
Traded at $ 2,555.77 on Tuesday, down 3.7% over the last 24 hours after a sharp rejection near the $ 2,673 level triggered a wave of sales. The downturn follows several sessions of declining momentum and increased volatility, culminating with a larger sale late Monday that broke through the first support and left prices that were down for most of the day.
Despite this weakness in the price action, data on the chain suggests that major market participants continue to treat the withdrawal as an opportunity to gather. According to Glassnode, daily accumulation of the net has exceeded 800,000 ETH for almost a week, with total holdings in 1,000 to 10,000 ETH -draw books that increased over 14.3 million. The largest one-day influx took place on June 12, when whale wallets added more than 871,000 eth-the largest net flow in 2025 so far.
This accumulation trend reflects behavior last seen in 2017, which emphasizes the extent and intensity of the recent large proprietor of the great proprietor. The whale purchase Spree has coincided with Ethereum’s retreat from $ 2,700 levels and may reflect strategic positioning before further developments in institutional currents or ETF-related catalysts.
While technical remains under pressure in the short term, the size of this purchase activity signalizes growing conviction among large units. With prices hovering just above key support, dealers and analysts look close to to see if this whale -driven accumulation is translated into a short -term turn or just pillows further downward.
Technical analysis highlights
- ETH dropped 5.7% from $ 2,679.99 to $ 2,527.37 during trading in June 16, by volume over 560,000 ETH.
- A sharp fall occurred within 22:00 hours, confirming resistance at $ 2,650 and accelerating downward momentum.
- The subsequent recovery stopped near $ 2,540 and formed a narrow consolidation pattern with reduced volatility.
- During the last hour of the analysis window, ETH climbed from $ 2,550.57 to a highlight of $ 2,564.28 before stabilizing nearly $ 2,553.40.
- An increase in volume at. 13:30 then over 12,200 ETH, driving a short 1.6% rally to $ 2,561.59.
- A withdrawal followed and found support for $ 2,549.56 in 13:44 lights; Price action formed an increasing channel with buyers who entered.
- The $ 2,553– $ 2,555 zone appeared as an important intra -time consolidation level in the recovery phase.
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