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Ethereum trades near $1,600 amid whale withdrawals and stabilizing liquidity signals.

Market News
24 Jun 2026
Blockonomi
View Source
Neutral
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Ethereum is trading around $1,600, about 21% below its 30-day high, reflecting ongoing market caution. Two large whale wallets recently withdrew nearly $59 million in ETH from Kraken and Bitgo, hinting at possible institutional accumulation. Meanwhile, Binance stablecoin reserves and netflows have stabilized, indicating a pause in capital flight. Although a bullish regime probability has risen to 45%, analysts await stronger confirmation signals before adjusting positions, suggesting cautious optimism in the near term.

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