Ethereum has remained pinned near the $1,500 support zone after quarter-end selling, whale distribution, and weak institutional flows kept the second-largest cryptocurrency under pressure despite continued corporate treasury accumulation. According to data from crypto.
Whales are moving ETH, but rising staking and fresh buying power hint that the market may be setting a trap for shorts.
Ethereum exchanged hands around $1,560 on June 30, continuing a challenging period for the digital asset. The decline occurred alongside broader selling activity throughout cryptocurrency markets.
All this, as institutions move in different directions.
Ethereum (ETH) options positioning tilted modestly lower in aggregate open interest on Tuesday UTC, even as short-dated trading concentrated heavily in a near-the-money $1,600 call on Bybit—an indication that traders are simultaneously leaning bullish in positioning while actively managing near-term downside risk. According to CoinGlass data captured at 12:50 a.m.
Sharplink bought another 10,000 ETH, lifting total holdings to 886,725 ETH as it continues to build one of the largest corporate ether treasuries. The company also repurchased more than 2.1 million shares, tying its capital strategy to growth in ETH per share.
Ethereum price hovered near $1,560 as renewed selling pressure swept across the cryptocurrency market, keeping ETH below the key $1,600 resistance level. The broader crypto market lost 1.75% over the past 24 hours, bringing its total market capitalization down to roughly $2.03 trillion.
Tokenization and RWA TVL growth highlight Ethereum's fundamentals, but stagnant DApps and spot ETF outflows keep the pressure on ETH price.
FG Nexus sold another 3,375 ETH worth $5.34 million, extending realized losses to $86.8 million.
Ethereum has remained under pressure near $1,560 as Robert Kiyosaki's long-term $95,000 price forecast has returned to focus while the cryptocurrency continues testing a key support zone. According to data from crypto.
SharpLink acquired 10,000 ETH at an average price of $1,611 per token, raising total ETH holdings to 886,725. The company also repurchased 2,132,773 common shares, making treasury growth and stock buybacks the same capital-allocation story. The update affects shareholders tracking how SharpLink manages financing proceeds and ETH exposure.
Vitalik's iO post labels runtimes “literally galactic.” Aztec's June exploits and EF cuts signal ZK privacy won't lead Ethereum's next narrative yet.