Ethereum outflows rise as whales scoop up ETH, eyeing a rebound
20th June 2026 – (New York) A heavyweight Ethereum holder has ramped up buying, snapping up 7,000 ETH worth about $11. 8 million and taking ten‑day purchases to roughly 17,800 ETH, or $29. 8 million. With an. . .
20th June 2026 – (New York) A heavyweight Ethereum holder has ramped up buying, snapping up 7,000 ETH worth about $11. 8 million and taking ten‑day purchases to roughly 17,800 ETH, or $29. 8 million. With an average entry near $1,672—close to spot—the accumulation suggests big‑ticket investors still see value despite recent softness. Exchange data point the same way. In the latest session, around $95. 9 million in ETH flowed onto platforms while $109. 3 million exited, leaving a net outflow of about $13. 4 million. Fewer coins sitting on exchanges typically means thinner immediate sell supply, easing near‑term pressure. Even so, price momentum remains capped. ETH was recently hovering near $1,703 after failing to sustain a move above the $1,800 ceiling. The RSI has recovered from oversold but sits around 38, still below the neutral 50 line, while the Parabolic SAR has flipped beneath price—hinting at short‑term improvement without a full trend shift. Unless buyers reclaim the descending trendline and $1,800, rallies may continue to stall, with $1,700 and $1,590 as supports to watch. Liquidity maps flag the next flashpoints: dense liquidation clusters around $1,720–$1,730 could magnetise price in the short run, with additional pockets between $1,665–$1,675 below and toward $1,750 and above $1,800 overhead. For now, steady whale accumulation and persistent exchange outflows are trimming available supply, laying tentative groundwork for any future recovery attempt.