- Ethereum whales accumulate $2.5B in ETH, signaling rising confidence amid price dip
- Liquidation zones between $2,500–$2,550 could act as strong short-term support
- Open interest drops 2.06% as bearish sentiment lingers in the derivatives market
In a move that has sparked fresh interest across the crypto market, Ethereum whales have reportedly accumulated $2.5 billion worth of ETH. According to analytics cited by Altcoin Buzz, this is the largest single-day whale purchase since 2018.
Such an aggressive accumulation has fueled speculation of a major price move on the horizon. Despite the recent dip in ETH’s price, many market watchers are pointing to historical patterns and technical signs that suggest a build-up similar to what preceded the 2017 bull run.
ETHEREUM WHALES JUST SCOOPED $2.5B IN $ETH.
— Altcoin Buzz (@Altcoinbuzzio) June 16, 2025
BIGGEST DAILY BUY SINCE 2018.
PRICE IS COILED.
JUST LIKE 2017.
SOMETHING’S COMING.
🚀🚀🚀 pic.twitter.com/kUBHsRV9TO
Whales Move In Amid Bearish Momentum
As of press time, Ethereum is trading at $2,580.55 after registering a 1.39% decline over the last 24 hours. Over the past week, ETH has slipped by 3.35%, reflecting short-term market uncertainty. Despite the downward trend, the large-scale buying by whales suggests growing confidence in Ethereum’s long-term potential.
Moreover, Ethereum’s market cap remains robust at over $311 billion, underpinned by its circulating supply of 120 million ETH.
Still, technical indicators reveal mixed signals. The MACD shows bearish momentum with a negative histogram, pointing to continued short-term pressure. However, this could be interpreted as a sign that a bottom is forming.
The RSI currently stands at 52.53, which is in neutral territory. This level suggests ETH is neither overbought nor oversold. Importantly, the RSI has recently pulled back from higher levels, which could signal an upcoming reversal or a consolidation phase.
Liquidation Zones Hint at Potential Rebound
On June 17, Ethereum’s price sharply dropped to $2,622.11, triggering a wave of liquidations. The liquidation heatmap shows dense activity between $2,500 and $2,550, with leverage liquidations peaking at nearly $42 million. This high-pressure zone could mark a strong demand area, potentially supporting a short-term price rebound.
Before the plunge, ETH was gaining momentum. The sudden sell-off may have been caused by leveraged long positions getting wiped out after a key support level broke. Consequently, this type of volatility often precedes major moves in either direction.
Derivatives Market Sees Decline in Open Interest
Ethereum’s open interest stands at $15.8 billion, with perpetual contracts making up the bulk at $15.3 billion. Futures comprise just under half a billion. Overall, open interest has dropped by 2.06% in the past 24 hours. Binance continues to dominate with $5.8 billion in open interest, followed by Bybit and Huobi.
