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Ethereum holds steady near $1,600 despite $26M whale transfer and rising exchange inflows.

Technical Signals
02 Jul 2026
AMBCrypto
View Source
Neutral
pluang ai news

Ethereum has traded in a narrow range around $1,600 after falling to $1,510, with a recent $26.87 million whale transfer to an exchange not causing immediate price drops. The whale, Satofashi, who bought ETH at an average price of $1,749, may be repositioning rather than selling, as most of the holdings remain untouched. Momentum indicators like MACD and BvB suggest easing bearish pressure and gradual improvement, but rising inflows to exchanges could increase selling pressure and test the $1,500 support level again. Ethereum remains at a key decision point between recovery and further weakness.

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