ETH Whales and Sharks Accumulate 1.49M ETH in 30 Days as Retail Pulls Back

Ether (ETH) ETH traded at $2,508 on June 14, down 0.88% in the past 24 hours, yet managed to hold support above the $2,500 level despite shifting institutional dynamics. According to crypto analytics platform Santiment , wallets holding between 1,000 and 100,000 ETH — referred to as whale and shark wallets — have added a net total of 1.49 million ETH over the past 30 days. This group increased its combined holdings by 3.72% and now controls 26.98% of the total ether supply. Santiment noted that while smaller, retail-driven wallets have been taking profits, these large holders have steadily accumulated. The divergence in behavior highlights growing long-term conviction among ether’s key stakeholders, even as retail sentiment appears to be wavering following recent price declines. At the same time, U.S.-listed spot Ethereum ETFs registered $2.2 million in net outflows on Friday, marking the end of a 19-day inflow streak. The reversal, as confirmed by data from Farside Investors , is the first sign of slowing institutional demand via these ETFs since late May. Still, ether’s broader structure remains intact. Following a pullback from recent highs near $2,870, ETH continues to hold above a historically significant support zone near $2,500. The persistent accumulation by whale and shark wallets may provide an important floor for price, particularly if macro conditions stabilize and regulatory clarity improves. Technical Analysis Highlights Ether traded between $2,499.39 and $2,580.53 over the past 24 hours. Price peaked near $2,580 in the early hours before entering a steady decline. The token briefly dipped below $2,500 before bouncing to close near $2,518.76. Late-session volume surged, particularly around 17:30–18:00 GMT, coinciding with the rebound. Support appears to be forming around $2,500, a key psychological and technical level. Despite modest losses, ETH maintained a narrow range of $81.14 (3.14%), showing relative stability Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk’s full AI Policy .

Source: CoinDesk