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.”
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.