{"id":33566,"date":"2026-07-01T11:05:41","date_gmt":"2026-07-01T11:05:41","guid":{"rendered":"https:\/\/bitunikey.com\/news\/can-ethereum-hold-1500-support-as-quarter-end-selling-adds-pressure\/"},"modified":"2026-07-01T11:05:51","modified_gmt":"2026-07-01T11:05:51","slug":"can-ethereum-hold-1500-support-as-quarter-end-selling-adds-pressure","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/can-ethereum-hold-1500-support-as-quarter-end-selling-adds-pressure\/","title":{"rendered":"Can Ethereum hold $1,500 support as quarter-end selling adds pressure?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethereum has remained pinned near the $1,500 support zone after quarter-end selling, whale distribution, and weak institutional flows kept the second-largest cryptocurrency under pressure despite continued corporate treasury accumulation.<\/p>\n<div id=\"cn-block-summary-block_3536640f02f081c5cff973924d6952cd\" 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 has logged its first-ever third straight quarterly loss as quarter-end selling keeps ETH near $1,500 support.<\/li>\n<li>SharpLink and Bitmine expanded their ETH treasuries, but whale selling and ETF outflows continue to weigh on price.<\/li>\n<li>Analysts say reclaiming $1,700 is key, while losing $1,500 could expose ETH to another leg lower.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Ethereum (ETH) traded around $1,580 at the time of writing, down roughly 5.3% over the past seven days and about 25% for the quarter. The decline completed Ethereum\u2019s first-ever streak of three consecutive quarterly losses.<\/p>\n<p>Selling pressure also intensified after the Ethereum Foundation announced a restructuring on June 23 that included a 20% workforce reduction and a 40% budget cut, raising fresh concerns about development spending while large holders continued reducing exposure.<\/p>\n<p>Corporate buyers, however, have continued to accumulate into the weakness. SharpLink disclosed another purchase of 10,000 ETH at an average price of $1,611, spending about $16.1 million to expand its treasury. Separately, Bitmine added 27,084 ETH during the past week, lifting its holdings above 5.7 million ETH. Those purchases have so far failed to offset persistent selling from whales and institutional investors.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Bitmine, however, framed the quarter-end weakness as partly technical rather than purely fundamental. In a June 30 post on X, the company said \u201cwindow dressing is taking place,\u201d adding that institutions often sell underperforming assets toward the end of a quarter. Bitmine noted that Bitcoin was down 13% and Ethereum was down 25% for the quarter, saying crypto was \u201cbeing sold\u201d into the reporting period.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83e\uddf5\ud83e\udea1<br \/>1\/<br \/>June 30 quarter is coming to an end.<br \/>Window dressing is taking place.<br \/>\u2013 when an asset is down<br \/>\u2013 institutions sell it towards end of the quarter<br \/>\u2013 Bitcoin <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> -13% and Ethereum <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> -25%<br \/>\u2013 so crypto is &#8216;being sold&#8217; currently <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/ZUHB6ExsGF\">pic.twitter.com\/ZUHB6ExsGF<\/a><\/p>\n<p>\u2014 Bitmine (NYSE-BMNR) $ETH (@BitMNR) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/BitMNR\/status\/2072042511766327712?ref_src=twsrc%5Etfw\">June 30, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>On-chain activity has remained mixed. According to Ali Martinez, Ethereum whales sold roughly 550,000 ETH over the past week, adding substantial supply to the market. Lookonchain separately <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/lookonchain\/status\/2072147533082829267\" target=\"_blank\" rel=\"nofollow\">reported<\/a> that one whale exited a 2,468 ETH position after holding it for more than five months, realizing a loss of about $4.33 million after selling near $1,572.<\/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\">ETH WHALES SELL $880 MILLION IN ONE WEEK<\/p>\n<p>Large-scale holders have offloaded roughly 550,000 ETH over the past week, injecting $880 million in sell-side supply into the market.<\/p>\n<p>This heavy selling volume has successfully pushed Ethereum below its immediate $1,633 support floor.\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/2n4rVK4oTK\">https:\/\/t.co\/2n4rVK4oTK<\/a> <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/7g1zSPepez\">pic.twitter.com\/7g1zSPepez<\/a><\/p>\n<p>\u2014 Ali Charts (@alicharts) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/alicharts\/status\/2071179550885879897?ref_src=twsrc%5Etfw\">June 28, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>FG Nexus has also struggled with its Ethereum treasury strategy. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/lookonchain\/status\/2072111314248634574\" target=\"_blank\" rel=\"nofollow\">According<\/a> to Lookonchain, the company has realized about $86.6 million in losses after buying ETH near the 2025 highs and later selling at much lower prices.<\/p>\n<p>Meanwhile, institutional demand has yet to recover. Spot Ether ETFs have recorded approximately $274 million in cumulative net outflows across consecutive sessions without posting a single day of positive inflows. At the same time, capital has continued flowing into U.S. artificial intelligence stocks and the recently launched SpaceX IPO, leaving fewer buyers available to absorb Ethereum\u2019s selling pressure.<\/p>\n<h2 class=\"wp-block-heading\">Technical structure leaves Ethereum trapped between $1,500 and $1,650<\/h2>\n<p>Ethereum\u2019s daily chart continues to trade below a descending trendline that has capped every recovery attempt since May. The asset also remains below the daily Supertrend resistance near $1,644, while the 78.6% Fibonacci retracement around $1,695 forms the next major resistance level should buyers regain control.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Ethereum daily price chart \u2014 July 1 | Source: crypto.news<\/figcaption><\/figure>\n<p>Momentum indicators have yet to confirm a reversal. The daily RSI remains near 36, keeping Ethereum in bearish territory despite stabilizing above recent lows. MACD has begun flattening after weeks of decline but has not produced a decisive bullish crossover. On the 4-hour chart, Chaikin Money Flow has climbed back above zero, suggesting buyers have started returning, although the recovery remains limited while price stays below key resistance.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1827\" height=\"954\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/07\/1782903941_6_Can-Ethereum-hold-1500-support-as-quarter-end-selling-adds-pressure.webp.webp\" alt=\"Ethereum 4-hour chart showing consolidation near $1,580 below Supertrend resistance with positive CMF.\" class=\"wp-image-14471048\"  ><figcaption class=\"wp-element-caption\">Ethereum 4-hour price chart \u2014 July 1 | Source: crypto.news<\/figcaption><\/figure>\n<p>Derivatives positioning also presents a mixed picture. CoinGlass liquidation data shows the largest short liquidation cluster sitting around $1,590-$1,600, while a much larger concentration of long liquidations has built between roughly $1,530 and $1,545. A break above the upper cluster could trigger a short squeeze toward the $1,640-$1,700 region, whereas losing the lower liquidity pocket could accelerate selling into the psychological $1,500 support.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"4080\" height=\"2409\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/07\/1782903941_690_Can-Ethereum-hold-1500-support-as-quarter-end-selling-adds-pressure.webp.webp\" alt=\"Ethereum liquidation heatmap highlighting major liquidity clusters near $1,600 resistance and $1,530 support.\" class=\"wp-image-14471050\"  ><figcaption class=\"wp-element-caption\">Ethereum liquidation heatmap | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/pro\/futures\/LiquidationHeatMap?coin=ETH&amp;type=symbol\" target=\"_blank\" rel=\"nofollow\">CoinGlass<\/a><\/figcaption><\/figure>\n<p>Commenting on the market structure, crypto analyst Ted Pillows <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/TedPillows\/status\/2072241296714903908\" target=\"_blank\" rel=\"nofollow\">wrote<\/a>:\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cETH is holding better than BTC now\u2026 Until Ethereum reclaims the $1,700 level, the chances of a new low will go up.\u201d<\/p>\n<\/blockquote>\n<p>His view aligns with the current technical picture, where reclaiming $1,700 would invalidate the series of lower highs that has controlled price action for nearly two months.<\/p>\n<h2 class=\"wp-block-heading\">Loss of $1,500 support could expose another leg lower<\/h2>\n<p>The bearish case strengthens if Ethereum fails to defend the $1,500-$1,510 support band, which also aligns with the recent swing low on the daily chart. A breakdown below that region would invalidate the current consolidation and expose the next downside targets near $1,400 before attention shifts toward the $1,200 area discussed by several market participants.<\/p>\n<p>Macro conditions continue to add uncertainty. Sticky U.S. inflation, expectations for higher interest rates, geopolitical tensions in the Middle East, and weaker decentralized finance activity have reduced risk appetite across digital assets.<\/p>\n<p>Unless ETF flows stabilize, whale selling eases, and Ethereum reclaims resistance above $1,640 and eventually $1,700, quarter-end weakness may continue to weigh on price even as corporate treasuries keep accumulating ETH.<\/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 has remained pinned near the $1,500 support zone after quarter-end selling, whale distribution, and weak institutional flows kept the second-largest cryptocurrency under pressure despite continued corporate treasury accumulation. Summary&hellip;<\/p>\n","protected":false},"author":1,"featured_media":32870,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-33566","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\/33566","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=33566"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/33566\/revisions"}],"predecessor-version":[{"id":33567,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/33566\/revisions\/33567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/32870"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=33566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=33566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=33566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}