Overview
- Ethereum is trading around $1,570–$1,580 and remains stuck below the $1,800 recovery zone while testing the $1,583 volume support level.
- U.S. spot Ethereum ETFs recorded another day of net outflows on June 26, with about $12.85 million withdrawn and a seven-day outflow streak reported by SoSoValue.
- Analyst Ali Martinez says large holders sold roughly 550,000 ETH over the past week, which equals about $880 million of additional sell-side supply.
- Derivatives and on-chain indicators show weak upside response, with CryptoQuant noting Binance buy orders are being absorbed by larger sellers and fund prices falling since April.
- Large reported buys and transfers, including a 75,000 ETH purchase attributed to BitMine and a 7,000 ETH wallet move linked to Vitalik Buterin, have not reversed the downtrend and leave room for deeper demand zones near $1,237 and $1,089 if $1,583 breaks.