Ethereum Whales Stand Strong Amid Market Bloodbath – Diamond Hands or Delusion?

Ethereum's big-money holders aren't flinching as prices tank—proving crypto's elite play by their own rules.

Whales vs. Weak Hands: While retail investors panic-sell, Ethereum's deep-pocketed hodlers are treating the dip like a Black Friday sale. No fire sales here—just cold, calculated conviction (or stubbornness).

Market Psychology at Work: This isn't their first rodeo. These players have weathered crashes before, turning paper losses into generational wealth. Meanwhile, day traders are learning the hard way why 'buy high, sell low' isn't in any investing handbook.

The Cynic's Take: Of course they're holding—their bags are too heavy to move. Nothing unites crypto's 1% like sunk-cost fallacy and tax-loss harvesting opportunities.

In brief

• Despite Ethereum’s plunge, crypto whales are quietly continuing their massive accumulation strategy.
• Even though technical signals remain mixed, institutional investors show no sign of retreat.

Ethereum: sharp drop, but historic accumulation by whales

Within ten days, Ethereum. Specifically, the ETH price went from $2,869 to $2,233. Mainly fueled by tensions between Israel and Iran, this drop could have triggered a panic movement. Yet, onchain analysis data reveal quite the opposite.

According to CryptoQuant, wallets holding more than 10,000 ETHon June 21. At the same time, net inflows to “smart money” wallets surpassed 871,000 ETH. A record since 2017! This behavior of sustained accumulation reinforces the idea that major investors anticipate a near-term recovery for Ethereum.

spot ETFs like BlackRock’s have not recorded any significant outflows since their launch. On the contrary, they continue to attract capital. This simply means that institutions seeking strategic digital assets are increasingly turning to Ethereum.

Ethereum: between bullish technical signals and retreat threats

Technically, Ethereum’s weekly chart shows a structure identical to the consolidation phase observed between 2019 and 2021. The price of this crypto asset is indeed trading above its 50-week moving average. It thus forms(ascending triangle). For some crypto experts, the ETH token could break its all-time high.

But beware! If the $2,350 resistance doesn’t break, a fallback to $2,100 (or even $1,800) remains possible. Some crypto analysts even mention an extreme drop to $900 in case of prolonged selling pressure.

The market thus remains tense. Nevertheless, accumulation signals on ethereum are clear. Between institutional resilience and solid technical outlook, the market’s No. 2 crypto seems to be preparing a rebound. The breakout above $2,350 could change everything. To be continued…

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