Ethereum (ETH) $2,517.22On Friday, June 14 at the level of $ 2.508 and lost 0.88 %in the last 24 hours. In contrast, crypto currency managed to maintain its position above $ 2,500. Great investors (whales) reported that ETH purchases in the last month, while the US Spot Ethereum ETFs in the United States after the 19 -day entry after the first net money output ($ 2.2 million) took place. The price tested the level of $ 2,500, technically strong support, but closed above this level.
Big investors continue to accumulate ETH
According to the data of the crypto analysis platform Santimement, the large crypto currency wallets that hold 1,000 to 100,000 ETH have purchased another 1.49 million ETH in the last 30 days. With these purchases, the amount of ETH in the portfolio of the investor group increased by 3.72 %. Currently, these large wallets, 26.98 %of the total ETH supply is stated.
Santimement stressed that large investors continue to accumulate at a time when small investors realized profit. This difference in behavior indicates that there is a long -term confidence in the big players of the market, while small investors show that it moves more cautiously after the latest price drops. “Small investor wallets sell profits, while large consistent wallets continued to accumulate in this process,” he said.
First Output and Technical Support in Spot ETFs
Spot Ethereum ETFs traded in the United States have made a significant development. On June 14, a total of 2.2 million dollars of money output from these funds took place. This was the first net output that was recorded after 19 days of unregistered money in Spot ETH ETFs. In a statement made by Farside Investors, “Spot Ethereum ETFs for the first time a net output, this can lead to acceleration loss in corporate demand,” said.
This output was interpreted as a sign of slimming in the request of corporate investor. The demand for ETFs is often considered an indication of the institutional view. The possible slowdown in demand may affect price movements. Technically, ETH fluctuated between $ 2,499.39 in the last 24 hours and $ 2,580,53. The price, which reached a level of $ 2,580 during the day, decreased later and went below $ 2,500 for a short time.
However, the crypto currency, with the increasing volume of transaction in the evening, closing around $ 2,518.76, protected over $ 2,500. This level, which is seen as a powerful support both psychologically and technically, revealed that the price moves in a relatively limited fluctuation range of 3.14 %. The movement in a narrow price range indicates that the market has a balanced appearance.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
