Ether
ETH$2,516.11
It traded at $2,508 on June 14th, a 0.88% drop in the last 24 hours, but despite shifting institutional dynamics, it was able to retain support beyond levels above $2,500.
According to Santiment, the Crypto Analytics platform, the wallet, which holds 1,000 to 100,000 ETH, known as the Whale and Shark Wallet, has added a total of 1.49 million ETH over the past 30 days. The group increased its total holdings by 3.72% and now controls a total of 26.98% of its ether supply.
Santiment noted that retail-driven wallets are profitable while still small, but these large holders are steadily accumulating. The differences in behavior highlight the growing long-term convictions among key ether stakeholders, despite the recent price declines in retail sentiment.
At the same time, US registered Spot Ethereum ETFS registered a net spill of $2.2 million on Friday, marking the end of a 19-day inflow streak. As confirmed by data from far side investors, the reversal is the first indication that it will slow institutional demand through these ETFs from late May.
Still, the broader structure of the ether remains intact. Following a pullback from a recent high of nearly $2,870, ETH continues to hold beyond its historically important support zone of nearly $2,500. The sustained accumulation by whales and shark wallets could provide a critical floor for price, especially when macro conditions are stable and regulatory clarity is improved.
Technical Analysis Highlights
- Ether has been traded between $2,499.39 and $2,580.53 over the past 24 hours.
- Prices peaked at nearly $2,580 early in the hour before steadily decreasing.
- The token fell below $2,500 to less than a dollar before closing nearly $2,518.76.
- Late volume surged particularly around 17:30-18:00 GMT, coinciding with rebounds.
- Support appears to form around $2,500, an important psychological and technical level.
- Despite modest losses, ETH maintains a narrow range of $81.14 (3.14%) and shows relative stability
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