Ethereum price action has been muted for six straight sessions, yet on-chain trackers show deep-pocketed wallets quietly soaking up supply. That divergence has traders debating whether the Ethereum price can still punch through resistance before week-end options expire. Early whispers even mention remittance-focused Remittix (RTX) as a hedge against any surprise move.
Whales Buy the Dip While Volumes Dry Up
Glassnode’s “Accumulation Trend Score” flipped bright blue on Tuesday, indicating that addresses holding ≥10,000 ETH absorbed roughly 58,000 coins since the pull-back from $2,700. At the same time, SoSoValue data put two-day US-spot-ETF inflows at just $32 million, down 80 % from last week’s debut burst.
The takeaway for the Ethereum price is clear: retail participation has stalled, but whales are positioning for a volatility spike once macro tension eases.
Some other analysts add another bullish wrinkle: exchange reserves slipped to a two-month low of 13.4 million ETH, signalling reduced sell-side inventory. Should geopolitical fears calm, that dry powder could fuel a fast squeeze toward the 50-day EMA near $2,740—an inflection level every short-term Ethereum price model is watching.
Technical Gridlock at $2,450–$2,850
On the eight-hour chart, ETH is coiling inside a descending channel whose floor coincides with the 38.2 % Fibonacci retracement at $2,450. Options desks on Deribit are clustering puts around the $2,500 strike, defining a battle line for the week. A close above the channel top and the 50-day EMA would expose the $2,850 pivot; break that, and pattern-projection targets rest at $3,050.
Momentum, however, remains fragile. The RSI hovers near 42, while $64.6 million in 24-hour liquidations shows neither bulls nor bears have conviction. For a sustained Ethereum price breakout, analysts say net ETF flows must flip positive and futures open interest rise above last Friday’s $10.8 billion mark.
Source: Tradingview
Utility Token Spotlight: Remittix (RTX)
Even as traders handicap the next Ethereum price swing, some whales are diversifying into Remittix, a token that turns crypto into same-day bank deposits at fees under 1 %. Picture a UX designer in Manila who invoices in USDC: instead of losing 7 % and waiting two days, she receives pesos within ten minutes through Remittix’s smart-contract rails.
Priced at $0.0781 with close to $16 million already committed, RTX addresses the $190 trillion global-payments market that ETH itself doesn’t directly tackle. If Remittix captures even 0.05 % of annual remittance flows, analysts project a low-nine-figure revenue stream—compelling asymmetry beside a range-bound Ethereum price chart.
Conclusion: A Quiet Coil Before the Next Move
The Ethereum price sits at a crossroads: whale accumulation and shrinking exchange reserves stay upside, but stagnant ETF demand and Middle-East jitters argue patience. A decisive break of either $2,450 or $2,850 will likely dictate direction for the rest of June.
For traders seeking exposure beyond short-term chop, Remittix offers a fundamentally driven alternative with its own burn-powered growth engine. Whether ETH explodes or drifts, positioning for utility as well as momentum may prove the smartest play this week.
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