[Block Rhythm] On June 14, a certain Whale/institution bought over 70,000 ETH with an average price of $2,647 using 186 million USDC within 3 days, and still holds 150 million USDC. Additionally, an address suspected to be associated with ConsenSys has increased the position by 5,463 ETH off-market, indicating enhanced longer momentum. The group of addresses holding 1,000 to 100,000 ETH has net added 1.49 million ETH in the last 30 days, accounting for 26.98% of the supply. Although the Spot ETF saw a net outflow of $2.1 million yesterday, ending a 13-day inflow, attention is still needed on institutional observation and adjustments.
Analysts suggest: The trend of Whale accumulation is clear, chip concentration is increasing, with support around 2,500 USD, and after stabilizing, it is expected to challenge 2,740–2,800 USD. If ETF funds flow back, it may push ETH above 2,800 USD. Investors are advised to wait for a pullback and stabilization before positioning, closely follow Whale movements and ETF fund flows.
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Whale bought 70,000 ETH in 3 days, institutional Holdings increased, long positions momentum is strengthening.
[Block Rhythm] On June 14, a certain Whale/institution bought over 70,000 ETH with an average price of $2,647 using 186 million USDC within 3 days, and still holds 150 million USDC. Additionally, an address suspected to be associated with ConsenSys has increased the position by 5,463 ETH off-market, indicating enhanced longer momentum. The group of addresses holding 1,000 to 100,000 ETH has net added 1.49 million ETH in the last 30 days, accounting for 26.98% of the supply. Although the Spot ETF saw a net outflow of $2.1 million yesterday, ending a 13-day inflow, attention is still needed on institutional observation and adjustments.
Analysts suggest: The trend of Whale accumulation is clear, chip concentration is increasing, with support around 2,500 USD, and after stabilizing, it is expected to challenge 2,740–2,800 USD. If ETF funds flow back, it may push ETH above 2,800 USD. Investors are advised to wait for a pullback and stabilization before positioning, closely follow Whale movements and ETF fund flows.