Ether (ETH)
ETH$2,516.11
traded at $2,508 on June 14, down 0.88% in the past 24 hours, yet managed to hold support above the $2,500 level despite shifting institutional dynamics.
According to crypto analytics platform Santiment, wallets holding between 1,000 and 100,000 ETH — referred to as whale and shark wallets — have added a net total of 1.49 million ETH over the past 30 days. This group increased its combined holdings by 3.72% and now controls 26.98% of the total ether supply.
Santiment noted that while smaller, retail-driven wallets have been taking profits, these large holders have steadily accumulated. The divergence in behavior highlights growing long-term conviction among ether’s key stakeholders, even as retail sentiment appears to be wavering following recent price declines.
At the same time, U.S.-listed spot Ethereum ETFs registered $2.2 million in net outflows on Friday, marking the end of a 19-day inflow streak. The reversal, as confirmed by data from Farside Investors, is the first sign of slowing institutional demand via these ETFs since late May.
Still, ether’s broader structure remains intact. Following a pullback from recent highs near $2,870, ETH continues to hold above a historically significant support zone near $2,500. The persistent accumulation by whale and shark wallets may provide an important floor for price, particularly if macro conditions stabilize and regulatory clarity improves.
Technical Analysis Highlights
- Ether traded between $2,499.39 and $2,580.53 over the past 24 hours.
- Price peaked near $2,580 in the early hours before entering a steady decline.
- The token briefly dipped below $2,500 before bouncing to close near $2,518.76.
- Late-session volume surged, particularly around 17:30–18:00 GMT, coinciding with the rebound.
- Support appears to be forming around $2,500, a key psychological and technical level.
- Despite modest losses, ETH maintained a narrow range of $81.14 (3.14%), showing relative stability
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
