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.
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.
It appears that Arthur Hayes(@CryptoHayes) bought 3,000 $ETH ($5.42M).
A wallet possibly linked to #ArthurHayes received 3,000 $ETH($5.42M) from #Flowdesk an hour ago.https://t.co/YIuiTiAoWm pic.twitter.com/NV7V2gap5r
— Lookonchain (@lookonchain) June 15, 2026
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.
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.
$ETH Attempting to break back above its February high turning this breakdown into a big deviation.
Bulls need to close the daily up here and consolidate and then this would be looking good for further upside.
Key area in the short term is $1750. https://t.co/pixcKRQ0Py pic.twitter.com/uqeXL45Bz8
— Daan Crypto Trades (@DaanCrypto) June 15, 2026
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.
The post Ethereum (ETH) Price: Accumulation Hits 2026 High as Arthur Hayes-Linked Wallet Buys $5.4M appeared first on CoinCentral.
