📉 Price & Market Momentum
fell below $2,500, trading around $2,497 — marking a ~9.9% dip in 24 hours .
Earlier, it had tested the $2,600 level with a ~6.2% drop .
Live price hovers near $2,543, down ~4.5% in the last 24 hours, with a market cap around $307 billion .
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🏛️ Institutional & On‑Chain Headlines
Ethereum spot ETFs drew in a hefty $112 million in net inflows on June 12 — led by BlackRock’s ETHA with $102 million and Fidelity’s FETH adding $10.8 million — lifting total ETF assets to about $10.8 billion .
BlackRock-associated wallets have been actively acquiring ETH over the past two weeks, purchasing approximately $570 million worth .
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💼 Ethereum Foundation Moves
The Ethereum Foundation has transferred 1,000 ETH (~$2.5 million) to an associated address — flagged by PeckShield — indicating internal fund reshuffling .
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🐋 Whale Activity & Technical Patterns
A significant $11 million leveraged whale long (25× leverage) was initiated at ~$2,758, already yielding ~$366k in unrealized gains as ETH climbed to ~$2,850. This move supports a bullish breakout narrative with technical targets of ~$3,670 — a ~30% upside .
Short-term indicators are mixed: heavy selling pressure and key support levels (~$2,500) are being closely watched, with some analysts anticipating a bounce, while others warn of a deeper drop if $2,500 fails to hold .
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✍️ Summary: Key Watchpoints
Support zone: $2,500–$2,520 — a hold here could spark a relief rally.
Resistance level: ~$2,850 — breaking above may pave the way toward $3,000+ and potentially $3,670.
ETF & whale inflows provide bullish undercurrents; however, the recent sharp pullback brings heightened volatility and risk.
Final Take
Ethereum is navigating a critical juncture. Institutional appetite — backed by ETF inflows and whale positioning — remains strong, yet the sharp decline raises the stakes. Traders should watch the $2,500 support as the linchpin for a stabilization or further downside, while upside breakouts hinge on reclaiming $2,850.