Ethereum Whales Gobble Up Coins Like It’s Thanksgiving ‘17 All Over Again!

by

What’s Cookin’ in the Crypto Swamp?

  • Ether’s been see-sawin’ more than Tom Sawyer on fence duty, droppin’ 3.7% in the blink of an eye. Went from $2,672.99 to $2,533.89, then moseyed over and tied its horse to the $2,555 post.
  • Turns out, them crypto whales—big’uns holdin’ 1,000–10,000 ETH apiece—have been snappin’ up over 800,000 ETH a day. That’s more greed than Huck Finn at an all-you-can-eat pie contest. They’re loaded up past 14.3 million ETH now.
  • June 12? Whales tossed back over 871,000 ETH in a single day. Must’ve been a sale at the ether emporium! 🐳💰

Now, this here Ether (ETH)—she was sittin’ at $2,555.77 Tuesday, lookin’ battered and bruised after gettin’ tossed out the $2,673 saloon door. Everybody and their cousin started sellin’ like the sheriff was on the way, bustin’ through support faster than a raccoon through a corn crib. The price limped along, shell-shocked for most of the day.

But hold your horses! While the little fish were runnin’ for cover, the big suits were wadin’ in. Glassnode’s got the receipts: every day for the past week, more than 800,000 ETH got slurped up by whale wallets—like they mistook Ethereum for free shrimp at an Atlantic City buffet. One fella even packed away 871,000 on June 12. That’s whale-sized hunger if I ever saw it, and I saw Aunt Polly’s potato salad go missing one time.

This stampede’s got the same stink as the 2017 grab-fest—back when crypto looked like a get-rich-quick ticket for every riverboat gambler from Natchez to New Orleans. These whales ain’t just blowing bubbles: they’re sidlin’ up to the bar for another round, maybe before some highfalutin news about ETFs breaks loose.

Sure, the charts look rougher than a Missouri mudslide in the short run. But when the whales are feasting like this, you got to wonder if they know somethin’ the rest of us don’t. The price is camped out just above important support, and all the sharp-eyed traders and analysts are settin’ up campfire circles to see if these whales are just buildin’ a floor, or whettin’ their appetite for an even fatter dip. 🧐

Technical Tall Tales (Highlights from the Boatman’s Journal)

  • ETH tumbled 5.7% from $2,679.99 to $2,527.37 on June 16. Volume? Over 560,000 ETH. That’s enough coins to fill a paddle steamer.
  • A freight train drop hit around 22:00, bounced its head on $2,650 resistance, then rolled downhill with more pep than a greased piglet.
  • Next bounce? Hit $2,540 like it forgot why it left home. Got stuck in a rut, as stubborn as a mule in August.
  • Last hour saw ETH scrabble up from $2,550.57 to $2,564.28 before throwing in the towel near $2,553.40.
  • At 13:30, volume spiked—12,200 ETH swapped hands, making the price pop 1.6%, fast as you can say ‘catfish fiddler’.
  • Then came a retreat, with support holding at $2,549.56—buyers strutted up and prices started form a slow-motion polka upwards.
  • Turns out the $2,553–$2,555 patch is the new meeting house for traders, at least while the party lasts.

Read More

2025-06-17 18:31