Ethereum Maintains Its Position Above $2,500: First Outflows from ETFs as Whale Purchases Increase
Ethereum (ETH), traded at $2,508 on Friday, June 14, experienced a daily loss of 0.88% but managed to stay above $2,500. ETH, which maintains this critical support level, shows a strong stance despite short-term fluctuations. At the same time, during a period when large investors continue to accumulate, the first net outflow was recorded in U.S.-based spot Ethereum ETFs.
Whales Accumulate ETH While Small Investors Take Profits
According to data from crypto analytics firm Santiment, large wallets holding between 1,000 and 100,000 ETH purchased a total of 1.49 million ETH in the last 30 days. These purchases increased the total amount of ETH held by this investor group by 3.72%. Currently, these wallets control approximately 27% of the circulating Ethereum supply.
Santiment emphasized that small investors took profits during recent price corrections, while large investors continued to accumulate. This divergence reflects the long-term confidence of more experienced market players in Ethereum, while also showing the cautious stance of small investors.
First Net Outflow from Spot Ethereum ETFs After 19 Days
Spot Ethereum ETFs traded in the U.S. experienced a net outflow of $2.2 million as of June 14. This is recorded as the first outflow seen after 19 consecutive days of inflows into the funds. Farside Investors analysts stated that this movement could signal a temporary weakening in institutional demand.
ETFs are generally considered an indicator of institutional investor interest, and this outflow is closely monitored in terms of market sentiment. A potential slowdown in demand may trigger new directional searches in the price of Ethereum.
$2,500 is a Critical Support Level from Technical and Psychological Perspectives
The ETH price fluctuated in a relatively calm day between $2,499 and $2,580. As the day progressed, with increasing trading volume, the price rose again, closing around $2,518, thus managing to stay above the $2,500 level.
The fact that this level is considered a strong support point in both technical analysis and investor psychology has allowed the price to stabilize in a limited range of movement. This consolidation process of Ethereum shows that despite short-term directional uncertainty in the market, it maintains a balanced outlook.
General Assessment: A Cautious Confidence Environment
Despite a temporary slowdown in institutional demand, Ethereum continues to be supported by the increasing interest of large investors. While the first net outflow in spot ETFs draws attention, the fact that ETH maintains its critical support level indicates that there is still cautious optimism in market sentiment.
Investors closely monitoring both technical and fundamental indicators during this process are waiting for new developments that will determine Ethereum's short-term movements. Especially ETF inflows and outflows, as well as the behavior of large investors, will continue to be decisive for the ETH price trend.
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