Ethereum (ETH)‘s price has fallen in June, down 10% in the last 30 days and 13% in the past week alone. Despite the significant price fall, on-chain data suggests that usage and engagement have surprisingly increased in the Ether cryptocurrency. ETH has rallied 3% since Sunday morning, following recent whale accumulation and reclaiming the $2,200 level. The rebound is promising and has investors hoping that a rebound is approaching.
ETH’s consistent performance in trading volume, especially during a period of broader altcoin retreat, reflects stronger investor confidence in its infrastructure and long-term relevance. Similarly, the number of unique addresses showing engagement with other chains in the Ethereum ecosystem has grown, showing promise on the network. ETH’s 14.6% weekly gain also outpaced Bitcoin’s 5.7%, signaling relative strength behind the coin. Furthermore, on-chain data shows significant institutional accumulation. An anonymous institution bought 47,070 ETH for $113 million, bringing more investor attention to Ethereum.
Also Read: Ethereum: BlackRock Buys 48% More ETH Amid 7% Dip, Signs Big Confidence
In addition, whale movements appear to be growing surrounding Ethereum ETH. In a recent post to X, Ted Pillows highlights that, in total, ETH whales have purchased the Ethereum cryptocurrency for over $265 million during the weekend dip. The analyst mentioned in another post that smart money has bought aggressively in the past week, with $40 million plus ETH ETF inflows seen last week. Where most active, as usual, was Blackrock’s product “ETHA.”
$ETH whales bought up over $265,300,000 Ethereum during the price dip on June 21. pic.twitter.com/YcUg5Cv4lh
— Ted (@TedPillows) June 23, 2025
On the flip side, Ethereum’s trading volume is down big in the last 24 hours, falling 32.02%. This could be viewed bearishly or as a sign of patience to see where the asset’s price goes next. For investors, the message is clear: in a market leaning toward caution, Ethereum stands as a pillar of relative security and consistency. Therefore, its highly likely that the current Ethereum dip, once reversed, will bring on a strong rebound.
