Ether (ETH)
It was circulated at $ 255.77 on Tuesday, a decrease of 3.7 % over the past 24 hours after the sharp rejection near the level of $ 2,673 that led to a wave of sale. The shrinkage follows several sessions of decreased momentum and increased fluctuations, and its peak in a large sale was late on Monday, which penetrated the initial support and left prices to the bottom for most of the day.
Despite this weakness in price movement, data on the series indicate that the largest market participants continue to deal with decline as an opportunity to accumulate. According to GlassnodeThe accumulation of the daily net whale exceeded 800,000 ETH for about a week, as the total holdings increased in 1000 to 10,000 spiritual portfolios exceeding 14.3 million. The largest flow occurred for one day on June 12, when the whale wallet added more than 871,000 ETH-the largest clear flow of 2025 so far.
The behavior of this accumulation is the last time in 2017, which confirms the scale and intensity of the last great pregnant woman’s purchase. Pisces purchase coincided with ETHEREUM declining of 2700 dollars and strategic sites may reflect more developments in institutional flows or incentives related to the European Union.
While the technique remains under pressure in the short term, this purchase activity indicates the condemnation between large entities. With prices hovering over the main support, traders and analysts closely monitor to see if this accumulation by whale is translated into a near -term reflection or simply additional pillows.
It highlights technical analysis
- ETH decreased by 5.7 % from $ 2,679.99 to $ 2,527.37 during the trading session on June 16, with a volume exceeding 560,000 ETH.
- A sharp decrease occurred during 22:00 hours, confirming the resistance at $ 2650 and speeding the negative momentum.
- The subsequent recovery stops near 2,540 dollars, which constitutes a narrow unification pattern with a decrease in volatility.
- During the last hour of the analysis window, the ETH rose from $ 2550.57 to a peak of $ 2,564.28 before settling near $ 2,553.40.
- He saw a rise in size at 13:30 trading more than 12,200 ETH, which pushed a short jumper by 1.6 % to 2,561.59 dollars.
- This was followed by withdrawal, finding support in the amount of $ 2,549.56 during a candle 13:44; The price of the price formed an upward channel with the intervention of buyers.
- $ 2,553 – 2,555 dollars appeared as an essential level for Interpiod during the recovery stage.
Slip: Parts of this article were created with the help of artificial intelligence tools and reviewed by our editorial team to ensure accuracy and commitment Our standards. For more information, see Coindsk Full Policy Artificial Intelligence.
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