Ether (eth)
Traded at $ 2,508 on June 14, dropped 0.88% over the last 24 hours, but still managed to own support over the $ 2,500 level despite changing institutional dynamics.
According to the Crypto Analytics Platform Santiment, wallets holding between 1,000 and 100,000 ETH – called whale and shark wallets – have added a net a total of 1.49 million ETH in the last 30 days. This group increased its total inventory by 3.72% and is now controlling 26.98% of the total ether supply.
Santiment noted that although smaller, retail -driven wallets have made a profit, these great holders have steadily accumulated. The divergence in behavior highlights growing long -term beliefs among Ether’s most important stakeholders, even when the retailer seems to falter after the recent price declines.
At the same time, the US-Listed Ethereum ETFs recorded $ 2.2 million in net outflow on Friday, marking the end of a 19-day influx. The phrase, as confirmed by data from Farside -Investors, is the first sign of slowing down institutional demand via these ETFs since the end of May.
Still remaining ether’s wider structure intact. After a withdrawal from the recent heights near $ 2,870, ETH continues to hold over a historically significant support zone near $ 2,500. The continuous accumulation of whale and shark wallets can provide an important floor for the price, especially if the macro conditions stabilize and legislative clarity are improved.
Technical analysis highlights
- Ether traded between $ 2,499.39 and $ 2,580.53 over the last 24 hours.
- The price peaked almost $ 2,580 in the early hours before entering a steady decline.
- The token dipped briefly under $ 2,500 before jumping to close nearly $ 2,518.76.
- Last-session Volume, especially about 17: 30-18: 00 GMT, coincided with rebound.
- Support seems to form about $ 2,500, an important psychological and technical level.
- Despite modest losses maintained eth a narrow range of $ 81.14 (3.14%) showing relative stability
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