$ETH Positive Developments...

Ethereum has experienced significant volatility in recent days, driven largely by escalating geopolitical tensions in the Middle East. After breaking down from the range that had held since early May, ETH fell sharply to $2,100, triggering widespread concern among investors. The breakdown was largely attributed to the market’s reaction to the US attack on Iranian nuclear facilities, which escalated the conflict between Israel and Iran.

However, markets quickly responded to positive developments. Ethereum rebounded strongly above the $2,400 level following reports that Iran and Israel had agreed to a ceasefire, temporarily easing global risk sentiment. This relief rally brought new optimism to the Ethereum market, especially amid signs of institutional confidence.

According to data shared by top analyst Ted Pillows, a major whale or institutional entity purchased another $8.91 million worth of ETH, continuing an aggressive accumulation streak. Over the past three weeks, this same entity has reportedly bought $422 million in Ethereum, signaling strong conviction despite recent market stress. This wave of accumulation suggests that long-term players may view the current price zone as a key opportunity, reinforcing the idea that Ethereum could be building a base for its next major move once broader conditions stabilize.

Key Features:

1- Ethereum (ETHUSD) is trading at $2,264.44, down 0.72% in 24 hours, after reaching $2,285.17. Trading volume increased by 6.65% to $24.42 billion, indicating active market engagement.

2- As of June 23, 2025, U.S. spot Ethereum ETFs saw over $4 billion in net inflows since July 23, 2024, with $100.7 million on June 23, led by Fidelity's FETH.

3- Ethereum marked its ninth straight week of gains, with weekly inflows of $124 million, totaling over $1 billion this month and $2.43 billion year-to-date.