On June 14, a whale/institution bought over 70,000 ETH with 186 million USDC at an average price of $2,647 within 3 days, still holding 150 million USDC. Another address seemingly associated with ConsenSys added 5,463 ETH off-market, indicating increased momentum from multiple parties. Addresses holding 1,000 to 100,000 ETH have net increased their holdings by 1.49 million in the past 30 days, accounting for 26.98% of the supply. Although the spot ETF saw a net outflow of $2.1 million yesterday, ending 13 consecutive days of inflows, institutional observation and position adjustments still need attention.
Bitunix analyst suggests: The whale accumulation trend is clear, with concentrated chips, support around $2,500, and after stabilizing, it may challenge $2,740–2,800. If ETF funds flow back, it could push ETH to break above $2,800. Investors are advised to wait for a pullback and stabilization before positioning, closely tracking whale movements and ETF fund flows.
