Ethereum (ETH) Price: Accumulation Hits 2026 High as Arthur Hayes-Linked Wallet Buys $5.4M

TLDR

• ETH traded around $1,700 after a +2.5% gain in 24 hours, with resistance at $1,739 key for short-term direction
• Accumulation addresses bought over 1.11 million ETH in one week — the highest rate in 2026
• A wallet possibly linked to Arthur Hayes bought 3,000 ETH ($5.42M) following the US-Iran peace deal
• Analyst DaanCrypto flagged ETH is on track for its second-worst first half since 2022
• ETH has fallen in Q4 2025, Q1 2026, and is currently down -18.4% this quarter

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Ethereum has been trading around $1,700 after posting a +2.5% gain in the past 24 hours. The move comes after weeks of negative sentiment and continued quarterly losses.

Ethereum (ETH) Price

On-chain data shows accumulation addresses bought over 1.11 million ETH in a single week. That is the highest accumulation rate recorded so far in 2026.

At the same time, exchange net inflows hit 178,900 ETH. This suggests some holders are moving coins to exchanges, likely to sell.

A wallet possibly linked to BitMEX co-founder Arthur Hayes received 3,000 ETH worth roughly $5.42 million from market maker Flowdesk on June 15. The purchase was flagged by on-chain tracker Lookonchain.

The buy is a shift from Hayes’s recent behavior. Over the prior two weeks, he had sold Hyperliquid, Near Protocol, Worldcoin, and Zcash, calling the moves defensive macro de-risking in his “Reality Test” essay published June 8.

Hayes kept Bitcoin and Ethereum as core holdings throughout. In a June 2026 thesis, he projected ETH reaching $10,000 to $20,000 before the end of the current cycle, citing macro liquidity expansion.

Macro Tailwinds From the US-Iran Deal

The purchases came as President Trump announced a US-Iran peace deal, authorizing the reopening of the Strait of Hormuz. A formal signing ceremony is set for June 19 in Switzerland.

Bitcoin rose 3.5% to $66,570 following the news. The total crypto market cap rose 2% in 24 hours. Crude oil fell 5.13% to $80.53 per barrel.

DaanCrypto noted on X that ETH is “attempting to break back above its February high,” adding that bulls need to close the daily candle at current levels and consolidate for further upside, with $1,750 the key short-term area.

Key Price Levels to Watch

There is a sell wall between $1,680 and $1,700. Analysts want a clean close above $1,739 to confirm momentum has shifted. The next resistance sits at $1,800–$1,850.

A bull flag pattern is forming on the chart. If Ethereum holds above $1,800, price targets cluster around $1,920, $2,000, and $2,116. Support below sits at $1,620–$1,665.

The Hayes-linked wallet purchase on June 15 remains the most recent notable on-chain activity surrounding ETH.

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