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Ethereum whale activity drops 86.6%, ETH price hovers near $1,700 amid bearish signals

Technical Signals
18 Jun 2026
TheNewsCrypto
View Source
Bearish
pluang ai news

Ethereum's whale activity has sharply declined by 86.6%, with large transactions falling from 2,194 to 294 since early June. This suggests major investors are pausing rather than buying or selling ETH. The price is currently around $1,726, showing bearish momentum with potential support near $1,691 and resistance at $1,762. Indicators like MACD and RSI hint at weak buying pressure and a consolidating market, leaving traders cautious about the next move.

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