Ethereum (ETH) Sees Price Decline Amidst Whale Accumulation

Ether’s Recent Price Trends and Market Behavior

On Tuesday, Ethereum (ETH) was valued at $2,555.77, marking a 3.7% decrease over the last 24 hours. This decline can be attributed to a sell-off triggered after a significant rejection at the $2,673 mark. The market had been experiencing a series of downward trends combined with heightened volatility, which culminated in a major sell-off late Monday. This sell-off breached initial support levels, causing prices to trend downward throughout most of Tuesday.

Whale Accumulation in Response to Price Pullback

Despite the bearish sentiment reflected in price movements, data indicates that larger investors are seizing the opportunity to accumulate more ETH. Whale activity has been noteworthy, with an impressive daily net accumulation surpassing 800,000 ETH over the last week. Notably, wallets holding between 1,000 and 10,000 ETH have seen their total holdings surpass 14.3 million. A particularly significant influx was recorded on June 12, when whale wallets collectively added over 871,000 ETH, representing the largest net inflow of 2025 to date.

Historical Context of Accumulation Patterns

This trend of accumulation is reminiscent of behaviors observed in 2017, highlighting the scale and intensity of investments from large holders during this recent pullback from the $2,700 level. This ongoing buying spree among whales appears to be a strategic move, possibly anticipating future developments related to institutional investments or potential ETF approvals.

Technical Analysis Overview

Price Movements and Resistance Levels

In terms of technical analysis, ETH experienced a decline of 5.7%, dropping from $2,679.99 to $2,527.37 during the trading session on June 16, with trading volume exceeding 560,000 ETH. A steep price drop was noted around 22:00, confirming a resistance level at $2,650 and intensifying downward momentum.

Price Recovery and Market Consolidation

The recovery that followed struggled near $2,540, creating a narrow range of consolidation characterized by lower volatility. During the final hour of the analysis, ETH showed some strength, climbing from $2,550.57 to a peak of $2,564.28 before stabilizing around $2,553.40.

Volume Trends and Support Levels

A surge in trading volume at 13:30 saw over 12,200 ETH exchanged, which spurred a brief rally of 1.6% to $2,561.59. A subsequent pullback found support at $2,549.56 during the 13:44 candle, resulting in the formation of an ascending channel where buyers were active. Additionally, the $2,553–$2,555 zone emerged as a significant consolidation level during the recovery phase.

Conclusion

While Ethereum’s price remains under pressure from a technical standpoint in the short term, the notable accumulation by large holders could signal a potential reversal in the market trajectory. Market participants will be closely observing whether this accumulation results in a sustainable price rebound or if it merely serves as a buffer against further declines.

Disclaimer

Parts of this article were generated with the help of AI tools and have been reviewed by our editorial team for accuracy and compliance with our editorial standards. For more details, please refer to our AI Policy.