Ethereum Whales Accumulate at 2020 Levels: Bullish Signals Emerge
Ethereum whales are demonstrating strong accumulation behavior reminiscent of the 2020 bull run, with on-chain data showing a significant surge in inflows to accumulator addresses. This trend, coupled with declining exchange reserves, suggests growing confidence in ETH's long-term value and the potential for a supply shock. As of June 2025, these developments paint a bullish picture for Ethereum's future.
Ethereum Whale Activity Surges as Accumulation Hits 2020 Levels
Ethereum whales are accumulating ETH at levels not seen since 2020, signaling growing confidence in the asset's long-term value. On-chain data reveals a sharp increase in inflows to accumulator addresses, with holdings remaining dormant rather than being traded. This pattern mirrors behavior observed before the 2020 bull run.
Exchange reserves of ETH continue to decline, creating conditions for a potential supply shock. Market analysts suggest scarcity could drive price appreciation if demand persists. The trend coincides with strengthening ethereum fundamentals, including robust Layer-2 adoption and smart money positioning.
PayPal CEO Highlights Need for Incentives to Drive US Stablecoin Adoption
PayPal CEO Alex Chriss emphasized that US consumers lack compelling reasons to adopt stablecoins, despite growing regulatory clarity and market expansion. Speaking to Bloomberg TV, Chriss noted that existing payment systems like credit cards remain dominant due to their rewards structures, while blockchain-based payments struggle to gain traction without similar incentives.
The comments come as the Senate advances the GENIUS Act, potentially establishing the first federal framework for dollar-pegged stablecoins. The stablecoin market, currently valued at $257 billion, is projected to near $500 billion by late 2025 as these digital assets move beyond crypto trading into broader payment applications.
PayPal's PYUSD stablecoin, launched in August 2023 through a partnership with Paxos, has expanded to platforms like Venmo. However, Chriss acknowledged that widespread consumer adoption depends on offering tangible benefits comparable to traditional payment methods.
Ethereum Holds Strong at $2,400, Poised for Potential Rally to $2,700
Ethereum demonstrates resilience above the $2,400 support level despite recent market corrections. The asset faces immediate resistance at $2,520, with a decisive breakout potentially propelling it toward $2,550 and beyond.
Technical analysis reveals ETH surpassed the 76.4% Fibonacci retracement level from its recent swing high to low, signaling bullish momentum. While a minor pullback occurred below the 23.6% Fib level of its latest rally, Ethereum maintains position above both the $2,400 psychological level and the 100-hour moving average.
Market observers note critical support at $2,200, with analyst LSTRADER highlighting bullish potential if this zone holds. Conversely, a breakdown below $2,320 could trigger a test of lower support levels at $2,250.
Ethereum Faces Potential 30% Correction Despite Market Recovery
Ethereum (ETH) may be poised for another sharp decline despite recent gains, according to crypto analysts. Bearish technical patterns suggest a potential drop to $1,800, representing a 30% correction from current levels.
Crypto Wave, a prominent analyst, warns that ETH might still be forming a classic ABC correction pattern. The current phase, wave C of a Wave 2 correction, could see prices fall to the $1,700–$1,950 range, with $1,800 as the likely target. Ethereum has already hit the 0.5 Fibonacci retracement level at $2,100, but the correction appears incomplete.
Despite modest recovery to $2,480 amid improved sentiment—driven by geopolitical calm and ETF optimism—technical indicators remain bearish. Macro factors may not override the looming correction.
ETH Whales Panic Sell Before Rapid Rebuy, Incurring $353K Loss
Ethereum's market stability belies turbulent activity beneath the surface. Two whales executed a costly round-trip trade in late June, panic-selling 4,598 ETH only to repurchase days later at higher prices. The ill-timed maneuver resulted in $353,000 of realized losses—a stark illustration of emotional trading amidst thin liquidity conditions.
Meanwhile, a dormant address suddenly sprang to life after 1.2 years of inactivity, withdrawing 1,051 ETH (worth $2.58 million) from Binance. The motives behind this movement remain unclear, adding an element of intrigue to Ethereum's on-chain narrative.
These flows reveal a market characterized by contradictory impulses: knee-jerk reactions from some participants contrasted with strategic positioning by others. The whales' decision to re-enter positions demonstrates underlying conviction in ETH's recovery potential, despite short-term volatility.
Ethereum-Powered 'Eve Frontier' Launches 10-Day Free Trial, Bridging Web3 Gaming and Legacy IP
CCP Games' Ethereum-based survival title Eve Frontier opens its gates to all players through a limited free trial running June 27 to July 7. The spacefaring MMO converts in-game actions into Grace points—later transformed into permanent Eve Points tracked on blockchain leaderboards.
The trial marks a strategic expansion for the Eve Online spinoff, coinciding with the removal of NDAs that previously restricted player discussions. "This New Era initiative creates an open ecosystem where competitive legacy-building meets Web3 mechanics," said CCP Community Developer Ben Sisson.
