Ethereum’s price has dropped from $2,771 to $2,518, and 8.2%–9% decline in less than 24 hours on June 13, 2025. This sharp drop liquidated over $28 billion from the market, which is a reduction from about $339 billion to $311 billion. The crash hit leveraged positions hardly. On Binance, there have been significant liquidations happening between $2,650 and $2,430. After significant liquidation, some Ethereum whales accumulated for the long term in their portfolios.
Whales Buy Big as Price Dips
One of the most significant purchases came from an Ethereum whales wallet possibly linked to ConsenSys, which is a leading Ethereum software company. Lookonchain and Spot On Chain show this wallet purchased 2,825 ETH, worth about $7.48 million, through an over-the-counter (OTC) trade. After ETH fell below $2,600, the whale made this buy about four hours
In the last two weeks, this same Ethereum whales wallet has accumulated 160,736 ETH. Overall, this purchase was approximately $421 million worth. The average purchase price of ETH tokens was around $2,620 per coin. These steady plans of purchases during market weakness suggest a strategy that is a long-term accumulation plan.
Another Ethereum whales wallet made an even larger move. It bought 48,825 ETH, which at the time was valued at $127 million. This whale was not new to Ethereum trading. In fact, this same address had previously made about $30 million in profits from earlier ETH trades, according to on-chain trackers. This wallet now holds 96,638 ETH. That is worth more than $250 million. The big buy did not make the price go up right away. But it shows that rich investors like to buy Ethereum when the price drops.
Exchange Outflows and Whale Transfers Show High Activity
Ethereum has seen a major shift in on-chain activity recently. Some data indicates that around $202 million worth of ETH was withdrawn from centralized exchanges in the last 24 hours. Sometimes, the large amount of outflow signals that investors plan to hold ETH for the long term. They store it in private best crypto wallets and keep away from immediate trading.
More than 3 million ETH were moved between large whale wallets. This is equal to about $7.84 billion at the time, supporting an average price of $2,615 per ETH. This kind of large-scale movement is unusual. It shows that whales were repositioning their assets as the price dipped.
On-chain trackers also noted a sharp rise in whale transaction counts. The number of large ETH transfers jumped from around 3,080 to over 6,000 in just one day. Whale on chain activity went up by 95%. This means big investors were buying more ETH. They bought it at lower prices, and it means markets are for a short time bearish, long-term bullish. This often happens when the market is moving fast. Whales see a chance when small traders panic and sell. They buy ETH at cheaper prices during the crash.
Balanced Between Bulls vs Bears
Ethereum is showing signs of weakness. On June 14, 2025, ETH is trading below its 20-day average price of $2,592. This means that the short-term trend is turning bearish. ETH also dropped near the lower Bollinger Band, which is close to $2,401. If it falls below this level, the price might go down to $2,250.
The RSI is now in the mid-40s. This is not yet in the “oversold” zone, which starts at 30. So, ETH may fall before new buyers come in strongly.
But the Bulls still have hope. If ETH goes back above $2,600 to $2,750, it could show strength again. This price area includes the 20-day average and a key resistance level. If ETH breaks above $2,750, it might go up toward the next big target of $4,000.
Final Verdict
Ethereum dropped by about 9%. Many traders lost money quickly in trading with leverage. Big investors used this chance to buy. One whale bought 160,736 ETH. The amount of ETH is worth around $421 million. The price they paid was about $2,620 per ETH. A lot of ETH was moved out of exchanges. Whales also moved large amounts between wallets. This shows they see the price dip as a chance to buy more. Recently chart is showing, ETH is still weak. If the price drops below $2,400 or $2,250, it could fall more. But if it goes above $2,600, it may start going up again.