ETH Price Holds Above $2,500 Amid Whale Accumulation of 1.49M ETH
On June 14, Ether (ETH) traded at $2,508, down 0.88% in 24 hours but maintained support above $2,500. Key points include:
- Whale and shark wallets (holding 1,000–100,000 ETH) accumulated a net total of 1.49 million ETH over the past 30 days, increasing their holdings by 3.72% to control 26.98% of total supply.
- Smaller retail wallets are taking profits while large holders show long-term conviction despite recent price declines.
- U.S.-listed spot Ethereum ETFs experienced $2.2 million in net outflows on Friday, ending a 19-day inflow streak, indicating slowing institutional demand.
- Despite a pullback from recent highs near $2,870, ETH holds above key support near $2,500, with whale accumulation potentially providing price stability.
Technical analysis shows:
- Trading range was between $2,499.39 and $2,580.53.
- Price peaked near $2,580 before declining and closing near $2,518.76.
- Late-session trading saw increased volume during rebound hours.
- Support forms around $2,500, a significant level both psychologically and technically.
- ETH showed relative stability with a narrow range of $81.14 (3.14%) despite losses.