Ethereum Slides 3% Today (June 18) — Are Whales Gearing Up for the Next Big Rally?

Jakarta, Pintu News – An Ethereum (ETH) “whale”, who has been inactive for the past two years, just sold 501 ETH – worth about $1.29 million – on June 17, 2025.

Nonetheless, the wallet still holds 8,052 ETH, which is worth around $20.43 million, according to a tweet from a well-known analyst. This activity is in line with the broader trend of accumulation by whales.

While the price of ETH has remained within a limited range over the past month, recent moves by large holders could signal preparations for a potential price spike.

Before discussing further, let’s take a look at Ethereum’s current price movements first!

Ethereum Price Drops 3.65% in 24 Hours

As of June 18, 2025, Ethereum (ETH) was trading at approximately $2,514, or around IDR 41,070,846 — marking a 3.65% drop over the past 24 hours. Within that timeframe, ETH reached a high of IDR 42,628,892 and dipped to a low of IDR 40,111,683.

At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $303.65 billion, with daily trading volume falling 3% to $24.41 billion in the last 24 hours.

Read also: Bitcoin Plunges to $104,000 — Is This Just the Beginning of a Bigger Crash?

Ethereum Whales Accumulate as Short Position Liquidation Explodes

On-chain metrics report a surge in whale buy orders in recent days. This accumulation pattern is in line with the increasing short liquidation in the derivatives market-a signal that short sellers are under pressure.

On June 13, Ethereum experienced the largest short liquidation of the month-$1.7 billion worth. This momentum continued on June 16 with an additional short liquidation of $753.72 million.

This wave of forced closures has created ideal conditions for a potential short squeeze. When these positions are liquidated, the resulting surge in buying pressure could push ETH prices higher.

Inflows to Exchanges Decline as Selling Pressure Eases

Another positive signal is the decrease in Ethereum inflows to centralized exchanges, which suggests that selling pressure is easing. This trend could signal a return of investor confidence, especially as whales further strengthen their accumulation.

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This decrease in inflows also reduces selling pressure in the short term, providing additional impetus for a potential price breakout if demand continues to increase.

A previously inactive whale begins to realize profits, which triggers broader whale activity and market liquidation-a signal that a possible rally is in the making.

The combination of increasing short liquidation, decreasing inflows to exchanges, and growing accumulation by large holders suggests that Ethereum may be preparing for a breakout.

As ETH remains in a consolidation phase, market watchers are asking: Is this the calm before the next big move for Ethereum?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• AMB Crypto. Analyzing Ethereum’s $1.29M whale action – A short squeeze in sight, IF… Accessed on June 18, 2025