Whales Are Back: ETH Buying Surges to 6-Year High

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Ethereum's drivers are now different, but the ETH price is consolidating in a multimonth range, echoing its 2017 chart pattern, which resulted in a 1,000% rally.

Ethereum whales accumulated over 818,000 ETH ($2.5B) on June 15, their biggest daily inflow since 2018.

ETH price is consolidating inside a multimonth range, mirroring its 2017 breakout pattern.

Analysts see a short-term ETH target at $4,000, with the potential for $10,000.

One of Ethereum’s richest address cohorts is stacking Ether at the fastest pace since 2018, strengthening the case for a continued upside move in the cryptocurrency’s price.

Ethereum whales buy over $2.15 billion in ETH
As of June 15, the net position change of Ethereum wallets holding between 1,000 and 10,000 ETH had jumped by over 818,410 ETH (~$2.5 billion), marking the highest daily inflow for this cohort in more than six years.


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