{"id":32172,"date":"2026-06-17T08:07:23","date_gmt":"2026-06-17T08:07:23","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-price-fights-for-2k-as-whales-buy-the-dip\/"},"modified":"2026-06-17T08:07:34","modified_gmt":"2026-06-17T08:07:34","slug":"ethereum-price-fights-for-2k-as-whales-buy-the-dip","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-price-fights-for-2k-as-whales-buy-the-dip\/","title":{"rendered":"Ethereum price fights for $2K as whales buy the dip"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethereum price was trading near $1,797 on June 17 as buyers tried to defend the $1,800 area after a sharp rebound from recent lows.<\/p>\n<div id=\"cn-block-summary-block_349cc57a222865d15d16e016653c25b0\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethereum price is holding near $1,800 as ETF inflows return after recent outflows this week.<\/li>\n<li>Whale accumulation from Bitmine, geministar.eth, and Hayes-linked wallets shows renewed large-holder interest in ETH.<\/li>\n<li>MACD has crossed bullish, but Ethereum still needs strength above zero-line momentum to confirm recovery.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to crypto.news price data, ETH was down 1.39% over 24 hours, with a market cap near $216.8 billion and daily volume above $16.2 billion. The token traded between $1,760.31 and $1,832.65 over the same period.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Ethereum price holds near $1,800<\/strong><\/h2>\n<p>Ethereum has recovered from the June low near $1,507, but the move has not yet turned into a clear trend reversal. The current range keeps the market focused on whether buyers can hold the $1,760-$1,800 zone.<\/p>\n<p>As previously reported by crypto.news, ETH had rebounded toward $1,800 after buyers defended a multi-year support trendline. That report placed the next resistance near $1,873, followed by the $2,000 level.<\/p>\n<p>The near-term picture remains mixed. A break above $1,873 could reopen the path toward $2,000, while a drop below $1,700 would weaken the recovery and put the June low back in focus.<\/p>\n<h2 class=\"wp-block-heading\">Ethereum <strong>ETF inflows and whale buying return<\/strong><\/h2>\n<p>US spot Ethereum ETFs recorded $22.5 million in net inflows after four straight days of outflows, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/Total_Crypto_ETH_ETF_Fund_Flow?page=usETH\" target=\"_blank\" rel=\"nofollow\">according<\/a> to SoSoValue data. On June 16, the products added another $9.59 million in net inflows, showing that regulated demand has not fully disappeared.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Ethereum (ETH) spot ETF net inflow, source: SoSoValue<\/figcaption><\/figure>\n<p>Still, ETF activity remains uneven. The products have only recorded four inflow days since March 8, leaving the market dependent on whether institutional buyers can build a stronger pattern.<\/p>\n<p>Large wallets have also added ETH. Lookonchain said Tom Lee-linked Bitmine bought another 20,000 ETH worth about $35.85 million from FalconX. The tracker also said geministar.eth <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/lookonchain\/status\/2067065473804722587?s=20\" target=\"_blank\" rel=\"nofollow\">bought 11,142 ETH<\/a> worth about $19.94 million, bringing its two-day total to 32,278 ETH worth about $57 million.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Tom Lee(<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/fundstrat?ref_src=twsrc%5Etfw\">@fundstrat<\/a>)&#8217;s <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/hashtag\/Bitmine?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitmine<\/a> bought another 20,000 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>($35.85M) from <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/hashtag\/FalconX?src=hash&amp;ref_src=twsrc%5Etfw\">#FalconX<\/a> 5 hours ago.<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/eeMZJkEUx4\">https:\/\/t.co\/eeMZJkEUx4<\/a> <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/7APpHzUbDZ\">pic.twitter.com\/7APpHzUbDZ<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/lookonchain\/status\/2067037443312996782?ref_src=twsrc%5Etfw\">June 17, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>A wallet linked to Arthur Hayes also bought another 1,400 ETH worth about $2.51 million, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/lookonchain\/status\/2067070060381036852?s=20\" target=\"_blank\" rel=\"nofollow\">according<\/a> to Lookonchain. As crypto.news reported earlier, a Hayes-linked wallet received 3,000 ETH worth about $5.42 million after the U.S.-Iran peace deal improved risk sentiment.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Fed and Iran headlines keep traders cautious<\/strong><\/h2>\n<p>The U.S.-Iran deal has helped calm energy markets, but the story remains unsettled, as reported earlier today. Iran\u2019s military accused Israel of violating the ceasefire in southern Lebanon dozens of times and warned of a \u201charsh response\u201d if attacks continue.<\/p>\n<p>Washington and Tehran are also preparing to sign a memorandum of understanding that could allow tanker traffic through the Strait of Hormuz. Any delay or fresh military action could renew oil pressure and weaken risk appetite across crypto.<\/p>\n<p>Traders are also watching the Federal Reserve\u2019s two-day policy meeting. Markets expect rates to remain unchanged, but Fed Chair Kevin Warsh\u2019s outlook remains important after inflation rose 4.2% year-over-year in the latest CPI report.<\/p>\n<p>Higher inflation could limit the Fed\u2019s room to cut rates later this year. That matters for Ethereum because the asset still trades like a risk market during macro shocks.<\/p>\n<h2 class=\"wp-block-heading\"><strong>MACD improves, but $2,000 remains the test<\/strong><\/h2>\n<p>Technical data shows early recovery signs on the daily ETH\/USDT chart. The MACD histogram is positive at about 27.77, while the MACD line near -84.04 has crossed above the signal line near -111.80.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"627\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/06\/1781683643_57_Ethereum-price-fights-for-2K-as-whales-buy-the-dip.webp.webp\" alt=\"Ethereum (ETH) price chart, source: crypto.news\" class=\"wp-image-14467789\"  ><figcaption class=\"wp-element-caption\">Ethereum (ETH) price chart, source: crypto.news<\/figcaption><\/figure>\n<p>That crossover points to improving short-term momentum. However, both MACD lines remain below the zero line, which means the wider trend has not fully turned bullish.<\/p>\n<p>CryptoQuant contributor Arab Chain <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/quicktake\/6a32262ea8af494cbea1fc8a-Ethereum-Open-Interest-on-Binance-Trades-Below-Its-30-Day-Average\" target=\"_blank\" rel=\"nofollow\">said<\/a> Binance Ethereum open interest was near $5.54 billion, just below its 30-day average of about $5.58 billion. The Z-Score reading of -0.28 showed that futures activity stayed close to normal levels, with no clear sign of extreme leverage.<\/p>\n<p>Analysts are split on the next move. Just a day ago, Micha\u00ebl van de Poppe <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/CryptoMichNL\/status\/2066766220301635865?s=20\" target=\"_blank\" rel=\"nofollow\">said<\/a> ETH is in a \u201cphenomenal spot\u201d for spot buyers over the next 6-12 months, while Crypto Patel <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/CryptoPatel\/status\/2066936089550676019?s=20\" target=\"_blank\" rel=\"nofollow\">noted<\/a> that a strong monthly hammer could open a far higher target in the next altseason.<\/p>\n<p>BATMAN said bears still have time because the 56-week cycle is not complete. He said ETH near $1,805 remains in a late-stage correction and must hold key support.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> UPDATE:<\/p>\n<p>Bears still have a little bit more time. The 56-week cycle isn&#8217;t complete yet.<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> at $1,805 is still grinding through late-stage correction <\/p>\n<p>Holding the key support around this level is critical, but the final cycle low may not be locked in yet <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/QhXDvkYcaH\">pic.twitter.com\/QhXDvkYcaH<\/a><\/p>\n<p>\u2014 BATMAN \u26a1 (@CryptosBatman) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/CryptosBatman\/status\/2066903735339479311?ref_src=twsrc%5Etfw\">June 16, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Ethereum also has a network catalyst. As previously reported by crypto.news, the Glamsterdam upgrade has entered private devnet testing and centers on ePBS, Block-Level Access Lists, and gas repricing.<\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price was trading near $1,797 on June 17 as buyers tried to defend the $1,800 area after a sharp rebound from recent lows. Summary Ethereum price is holding near&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-32172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=32172"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32172\/revisions"}],"predecessor-version":[{"id":32173,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32172\/revisions\/32173"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15504"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=32172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=32172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=32172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}