đź‘€ Possible scenario:
Ethereum dipped to $2,440 on June 13 but rebounded to trade near $2,640 on June 16. Despite muted price action, institutional and whale interest remains strong. Crypto funds saw $1.9B in net inflows last week, marking the ninth consecutive week of gains, per CoinShares. Ethereum-focused funds brought in $585M, with U.S. spot ETFs accounting for $528.2M, though the 19-day inflow streak ended Friday with minor outflows. Whale wallets (1,000–100,000 ETH) added 1.5M ETH over 30 days, a 3.7% increase, now holding 41M ETH—around 25% of supply. Retail investors, meanwhile, took profits as ETH trades 45% below its all-time high.
Network activity is also up: Ethereum Name Service usage surged 300%, lending protocols 200%, and USDC transfers on Layer 2s like Base, Arbitrum, and Optimism saw triple-digit growth. With growing institutional flows, active Layer 2 usage, and whale accumulation, Ethereum may be quietly building momentum for its next breakout.
âś…Support and Resistance Levels
Support level is now located at 2,390.00.
Now, the resistance level is located at 2880.00.
Ethereum dipped to $2,440 on June 13 but rebounded to trade near $2,640 on June 16. Despite muted price action, institutional and whale interest remains strong. Crypto funds saw $1.9B in net inflows last week, marking the ninth consecutive week of gains, per CoinShares. Ethereum-focused funds brought in $585M, with U.S. spot ETFs accounting for $528.2M, though the 19-day inflow streak ended Friday with minor outflows. Whale wallets (1,000–100,000 ETH) added 1.5M ETH over 30 days, a 3.7% increase, now holding 41M ETH—around 25% of supply. Retail investors, meanwhile, took profits as ETH trades 45% below its all-time high.
Network activity is also up: Ethereum Name Service usage surged 300%, lending protocols 200%, and USDC transfers on Layer 2s like Base, Arbitrum, and Optimism saw triple-digit growth. With growing institutional flows, active Layer 2 usage, and whale accumulation, Ethereum may be quietly building momentum for its next breakout.
âś…Support and Resistance Levels
Support level is now located at 2,390.00.
Now, the resistance level is located at 2880.00.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.