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Ethereum nears $1,700 as whale wallets buy 1.11M ETH amid US-Iran peace deal optimism

Market News
16 Jun 2026
Blockonomi
View Source
Bullish
pluang ai news

Ethereum (ETH) price rose 2.5% to near $1,700 after whale wallets accumulated over 1.11 million ETH in a week, marking the strongest buying pace in 2026. An address linked to Arthur Hayes bought 3,000 ETH ($5.42M) following the US-Iran diplomatic agreement, which also boosted Bitcoin and overall crypto markets. Despite recent quarterly declines, technical analysts watch key resistance at $1,739 and $1,800–$1,850 for signs of a bullish reversal. The geopolitical development and large whale activity suggest potential for further gains if ETH consolidates above these levels.

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