The main challenge is not only technical resistance but also uncertainty among major holder groups. Whales are selling, then buying back, and long-term holders, after months of accumulation, are slowing their buying. This lack of alignment keeps Ethereum in a narrow trading range.

Whales Sell and Buy Back

Addresses holding between 100,000 and 1 million ETH sold approximately 1.3 million ETH between February 9 and February 12, roughly $2.7 billion in value. Yet, within the following 48 hours, the same addresses repurchased about 1.25 million ETH, around $2.6 billion.

This rapid back-and-forth creates liquidity without directional bias. As a result, Ethereum remains range-bound rather than trending decisively higher or lower.

Long-Term Holders Ease Off

Long-term holder metrics show that accumulation trends since December 2025 have slowed. In early February, long-term holders began modest distribution. This selling is not aggressive, but it signals reduced conviction.

Combined with mixed whale activity, bullish momentum is limited. Ethereum needs clear accumulation from these groups to push above major resistance levels.

ETH Price Stuck Near $2,000

Ethereum trades at $2,087, holding above the $2,000 threshold. The next significant resistance is $2,241. Without decisive bullish signals, consolidation is the most likely scenario. Ethereum may hover near $2,000 while defending support around $1,902. Sideways movement could continue until stronger directional conviction emerges.

Technical Outlook

Short-term, Ethereum avoided a new low, absorbed liquidity, and produced a breakout structure. The first upside target is $2,149. If price retraces to the $1,959 demand zone, reactive buying is likely. Should Ethereum reclaim $2,149 decisively, the next technical target could reach $3,050.

Currently, Ethereum remains above $2,000. Charts move, on-chain data whispers, but the market has yet to show strong conviction.

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Markets are not treating this release as a routine data point. Instead, it is being viewed as an early stress test for first-quarter assumptions. In recent weeks, the growing belief that rate cuts could be delayed has pushed investors into a cautious wait-and-see mode, particularly across risk-sensitive assets.

Against this backdrop, Bitcoin and Ethereum have not completely lost upside momentum. Still, both assets appear to be waiting for a clear macro signal before committing to a decisive move.

Inflation Expectations Hold Firm, Pressure Builds on the Fed

Consensus expectations suggest that both headline and core U.S. CPI will remain at 2.7% year over year. That level signals little improvement compared to the previous month and keeps inflation well above the Federal Reserve’s 2% target.

While inflation has been cooling gradually, the pace has not been convincing enough to justify an imminent policy shift. Falling energy prices have offered limited relief to core inflation, complicating the outlook. Although the Fed’s preferred gauge — core PCE — has yet to be released, CPI continues to serve as a critical early signal for markets.

Adding another layer of uncertainty, renewed debate over Federal Reserve independence has surfaced following legal scrutiny involving Chair Jerome Powell. While no immediate policy impact is expected, the issue introduces additional risk sensitivity into already fragile market sentiment.

Bitcoin Remains Compressed Below Resistance

Bitcoin has entered a consolidation phase just below the 95,000 dollar zone after its recent rally. This area is not merely a technical ceiling — it also represents a zone highly sensitive to inflation surprises.

The failure to reclaim the 92,000 dollar level on a sustained basis suggests that upside momentum remains controlled. Still, despite trading below resistance for several days, Bitcoin has yet to show clear signs of structural weakness.

On the downside, the 88,000 dollar level stands out as a key support. A break below that zone could open the door to 86,000 dollars and potentially the stronger demand area near 80,000. On the upside, a decisive move above 95,000 could shift focus back toward the psychologically significant 100,000 level.

Current price structure points to tightening conditions, indicating that a directional move may be approaching. The CPI data could act as the catalyst that resolves this compression.

Ethereum Tests the 3,200 Dollar Threshold

Ethereum’s setup appears more fragile, though not outright bearish. ETH has been trading within a narrow range between 2,600 and 3,350 dollars for nearly two months, reflecting broader market indecision.

The recent bounce from the 3,060 support level suggests short-term buyers remain active. However, this was the second test of that zone, raising concerns about weakening support. Failure to clear the 3,180 resistance could trigger a deeper pullback, with 2,850 dollars emerging as the next area of interest.

Conversely, sustained acceptance above 3,200 dollars could quickly improve sentiment. Such a move would likely put the 3,300 region back into play, followed by the major resistance area near 3,800 if broader risk appetite improves. A CPI reading that supports easing expectations could help unlock that upside scenario.

Is CPI the Only Catalyst Tomorrow?

The day’s agenda extends beyond CPI. Markets will also digest the U.S. Producer Price Index, the release of the Fed’s Beige Book, and developments surrounding the completion of the Fed’s Treasury purchase operations. Additionally, attention remains on a potential U.S. Supreme Court ruling related to tariff policies.

This crowded macro calendar makes it difficult for markets to focus on a single headline. Still, inflation remains the central variable. An upside surprise in CPI could push rate-cut expectations further out, increasing short-term selling pressure across crypto markets.

A softer print, on the other hand, may offer temporary relief — though whether that relief proves durable is far from certain. At this stage, markets are no longer willing to price in optimism based on a single favorable data point.

As a result, the ongoing compression in Bitcoin and Ethereum is not merely technical. It reflects the pricing of uncertainty itself. Tomorrow’s data may break the stalemate, but any lasting trend will ultimately depend on how the Federal Reserve responds to the evolving inflation picture.

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Significant Increase in Ethereum Long Position

The market has been active recently, both in spot demand and futures trading. However, the whale’s massive addition to its position has drawn significant attention. Furthermore, on-chain data shows that major funds are accumulating Ether again. This trend strengthens bullish sentiment for ETH.

The whale, famous for earning nearly $200 million during the October crash, has made several precise trades since. Meanwhile, the whale’s identity remains unverified, adding a layer of speculation. Yet, previous successful moves make this current long position particularly noteworthy.

ETH Price Movements and Market Data

ETH has risen about 2% in the last 24 hours, trading near $2,900. Additionally, improved funding rates and higher spot volumes support the upward trend. Some analysts also note that futures data may suggest the market is forming a bottom. However, macroeconomic volatility keeps caution in play.

Investor Psychology and Market Impact

The whale’s moves directly influence investor sentiment. Subsequent volume increases may lead to higher volatility in the Ethereum ecosystem. Moreover, combined with ETF flows and on-chain activity, these movements create a stronger market structure for ETH. This makes large wallet actions increasingly important for short-term price movements.

• ETH market outlook: Long positions rising, on-chain activity increasing, funding rates balancing, and key resistance levels being retested.

Some analysts interpret the whale’s move as an early signal for the upcoming altcoin season. Yet, regulatory developments and global economic data will continue to shape Ethereum’s short-term direction.

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The post Whale Raises Ethereum Long Position to $44.5 Million appeared first on Coin Engineer.

Trader’s Gains and Collapse 

According to Lookonchain, the trader compounded profits on Hyperliquid, growing the account to $29.6 million. They held a 66,749 ETH position, valued at roughly $303 million. Two days ago, the trader closed the longs, locking in $6.86 million profit and leaving $6.99 million in account equity. 

However, the trader quickly re-entered the market with another large ETH long. The market then reversed, resulting in a disaster. $6.22 million worth of positions were liquidated, erasing nearly four months of gains in under 48 hours. The account balance now stands at $771,000. 

https://twitter.com/lookonchain/status/1957342058802487525

Ethereum Dip Buying Opportunities 

Analyst Michaël van de Poppe sees the current pullback as an accumulation chance. He identifies the $4,100–$4,200 zone as ideal for dip buying. He expects at least a 10% rebound from this level. Ethereum’s volatility is likely to decrease soon, paving the way for a new accumulation phase. 

Meanwhile, Kiyotaka data shows strong resting buy orders down to $3,900. These accumulation zones indicate high buyer interest if ETH declines further. Disciplined dip buyers could benefit significantly from this pullback. 

 This case demonstrates the risks of aggressive ETH longs. However, the market still offers strategic opportunities for careful traders. 

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The post Ethereum Trader Turns Millions, Loses Everything Overnight appeared first on Coin Engineer.

ICO Whale Sells ETH After 10 Years 

The first whale showed no movement for about two years. However, in the past hours, they made a test transfer of 1 ETH and then moved 500 ETH (approximately $1.29 million) out of the wallet for sale. This ETH OG (original gangster), who holds ETH since 2014, had previously sold a total of 4,786 ETH in two separate transactions in 2023, with the total sale value reaching $7.15 million. 

An #Ethereum OG sold another 501 $ETH($1.29M) an hour ago after being dormant for 2 years and still holds 8,052 $ETH($20.43M).https://t.co/5kekTXIaZC pic.twitter.com/4PLBTbkS7h

— Lookonchain (@lookonchain) June 17, 2025

The second major move is even more striking. An investor who participated in Ethereum’s initial coin offering (ICO) in 2014 awakened after nearly 10 years and transferred all their holdings. This investor sent a total of 2,000 ETH (about $5.13 million) to Binance a few days ago. 

Ethereum’s volatility this week is also notable. ETH rose by 6.65% on Sunday but lost over 5% on Monday. At the time of writing, ETH is trading around $2,580. 

June 16 Update:

10 #Bitcoin ETFs
NetFlow: +2,864 $BTC(+$305.87M)#iShares(Blackrock) inflows 2,272 $BTC($242.6M) and currently holds 671,795 $BTC($71.74B).

9 #Ethereum ETFs
NetFlow: -3,748 $ETH($9.84M) #Fidelity outflows 3,496 $ETH($9.18M) and currently holds 465,263… pic.twitter.com/f5PH5lbyXB

— Lookonchain (@lookonchain) June 16, 2025

Additionally, significant outflows were recorded from spot Ethereum ETFs. On June 16, there was a net outflow of $10 million. Fidelity Ethereum Fund experienced the largest withdrawal, removing 3,496 ETH. Invesco Galaxy withdrew 172 ETH, Grayscale Ethereum Trust 78 ETH, and Grayscale Ethereum Mini Trust only 2 ETH. 

There are currently 6,392 wallets holding between 1K and 100K Ethereum. Over the past month alone, these key whale and shark wallets have rapidly added more coins as retail traders have taken profit.

During these past 30 days, a net of +1.49M more $ETH has been accumulated by… pic.twitter.com/1hPBTuAOrL

— Santiment (@santimentfeed) June 13, 2025

Although daily outflow data was negative, the weekly net flow was quite positive. Over the past week, a total of 191,057 ETH entered ETFs. This shows long-term investors’ confidence in ETH. At the time of writing, ETH is trading at $2,566. According to analysis platform Santiment, large investors holding between 1,000 and 100,000 ETH wallets accumulated a net 1.49 million ETH in the last 30 days. These purchases increased their holdings by 3.72%. Santiment data shows these investors currently hold 26.98% of Ethereum’s total supply, which has significant potential to influence Ethereum’s price movements. 

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The post Ethereum Whales Return: $7M+ ETH Sold After Years of Silence appeared first on Coin Engineer.

On the other hand, if Ethereum fails to hold $1,870, the downtrend could deepen. In this scenario, the next critical support lies at $1,745. A break below this level could trigger further declines, especially if broader market conditions remain bearish. Ethereum’s price action will depend on macroeconomic factors and overall sentiment in the crypto market.

Ethereum’s Key Technical Levels

The most important short-term resistance zone for Ethereum is between $1,920 – $1,960. If the price fails to break above this range, selling pressure could persist. However, a strong breakout with high trading volume could send Ethereum toward the $2,108 resistance level. This would require improved market sentiment and increased buying activity.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

On the downside, $1,870 remains a crucial support level. If it fails, Ethereum could drop toward $1,745. Investors should closely monitor Bitcoin’s price action, as a deeper decline in BTC could accelerate Ethereum’s losses. Liquidity levels and overall market trends will be key indicators for the next move.

Ethereum Searching for Direction: What Should Investors Watch?

Bitcoin’s movements remain a major driver of Ethereum’s short-term price action. If BTC starts recovering, Ethereum could follow. However, macroeconomic uncertainty and global financial conditions may create additional volatility in the crypto market.

Additionally, large investors’ buy or sell orders could significantly influence price direction. If Ethereum fails to hold its key support levels, further selling pressure could emerge. However, if the market sentiment shifts positively, Ethereum could enter a new uptrend and retest higher resistance levels.

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