Ether (ETH)
Tuesday, negotiated at $ 2,555.77, down 3.7% in the last 24 hours after a sharp rejection near the level of $ 2,673 sparked a wave of sales. The slowdown follows several enlightenment and increasing volatility decline sessions, leading to a major sale on Monday evening which pierced the initial support and the prices of the left down during most of the day.
Despite this weakness of action on prices, data on the chain suggest that the largest players on the market continue to treat decline as an opportunity to accumulate. According to Glassnode, the daily accumulation of net whales exceeded 800,000 ETH for almost a week, with total assets in 1,000 to 10,000 Ethly portfolios exceeding 14.3 million. The largest influx of a day occurred on June 12, when the whale wallets added more than 871,000 ETH – the largest net entrance of 2025 so far.
This accumulation trend reflects the behavior seen for the last time in 2017, highlighting the scale and the intensity of recent bothersome purchases. The wave of whale purchase coincided with Ethereum’s retreat at levels of $ 2,700 and can reflect strategic positioning before new developments in institutional flows or ETF catalysts.
While the techniques remain under short -term pressure, the magnitude of this purchase activity indicates a conviction among the major entities. The prices hovering just above the key support, traders and analysts watch closely to see if this accumulation focused on whales results in a short-term reversal or simply a drawback.
Strengths of technical analysis
- The ETH dropped from 5.7% from $ 2,679.99 to $ 2,527.37 during the negotiation session of June 16, a volume exceeding 560,000 ETH.
- A clear drop occurred in 10:00 p.m., confirming resistance to $ 2,650 and accelerating momentum.
- Subsequent recovery was blocked nearly $ 2,540, forming a narrow consolidation model with reduced volatility.
- During the last hour of the analysis window, ETH went from $ 2,550.57 to a peak of $ 2,564.28 before stabilizing almost $ 2,553.40.
- A volume peak at 1:30 p.m. saw more than 12,200 ETH exchanged, causing a brief rally of 1.6% to $ 2,561.59.
- A decline followed, finding support at $ 2,549.56 during the candle 13:44; The price action has formed an ascending channel with intervening buyers.
- The area from $ 2,553 to $ 2,555 has become an intraperiod key consolidation during the recovery phase.
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