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Ahmed Barakat
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Ethereum News: Wallet linked by Arthur Hayes received 3,000 ETH worth $5.42 million from the market maker Flowdesk on June 15, according to the chain tracker Lookonchain, as Ethereum surped about 6% following the announcement of the peace agreement US-Iran.
Buying ETH Hayes is returning to ETH directly after weeks of reducing altcoin risk, and doing so now that a major storm has just dissipated.
The elimination of geopolitical risk was certain. The US President, Donald Trump, announced the completion of the Iran deal and confirmed that shipping through the Strait of Hormuz will resume, driving oil prices up more than 5% to $80.53 per barrel.
Low energy prices directly reduce the rate of inflation, which raises the macro calculus of beta values. Ethereum’s response was immediate: The price of ETH rose to $1,828its highest level in a week, surpassing the major cryptocurrencies during the session.
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Ethereum News: Whale Buying Continues Over Hayes
Buying whales wasn’t just for Hayes’ wallet. An on-chain Lookonchain database showed that the address geministar.eth had withdrawn 21,136 ETH worth about $37.05 million from Binance through multiple transactions on the same day.
Together, the two buyers acquired more than $42 million in ETH within a few hours, a number of things that show the interest of the institutions, and not the rush of sales.
Hayes’ move follows a deliberate restructuring. In his June 8 article Authentic TestsMaelstrom CIO revealed trading positions in Hyperliquid, Near Protocol, Worldcoin, and Zcash, positioning the derivatives as defensive responses to greater uncertainty rather than changing sentiment.
Bitcoin and Ethereum remained in the spotlight throughout this period, allowing Flowdesk-sourced ETH to recapture the positions it had not previously relinquished.
ETH Price Rally Tests Strong Technical Resistance
The ETH conference has a fixed support rather than a large support. On the daily chart, Ethereum broke above the descending line that has crossed every breakout since the end of April, clearing the upper limit of the bearish flag that formed during the decline from around $2,400.
The daily MACD has produced a strong consolidation and the Chaikin Money Flow indicator is trending higher, both consistent with a bearish sell-off rather than a bullish sentiment that quickly stalls.
The next level of meaning is 0.618 Fibonacci retracement near $1,858a component that should be helpful in any retest to confirm that the bearish flag is invalid.
Another analyst, Ali Martinez, showed a triple chart on the 4-hour chart to go to $1,850, setting his target almost exactly the same.
A clean break above $1,858 on volume would significantly change the near-term structure of ETH.
Hayes thinks that ETH can reach $10,000 to $20,000 before the end of the current period, referring to the expected increase in revenue and Ethereum’s position within the distributed currency.
The purchase of June 15, carried out through the technical technical desk and based on the macro pivot, is in line with the prevailing opinion rather than being published.
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