TL;DR:
- The daily transaction volume of large Ethereum investors decreased sharply over a two-week period in June 2026.Â
- The cyclical market indicator places a historical technical support zone for the ETH price at $1,510.Â
- Metrics recorded on the network on June 17 showed the lowest level of institutional activity for the month.
Recently, the behavior of  ETH Whales registered a pronounced slowdown, and the asset’s price remains close to the critical long-term support zone.
Furthermore, activity on the smart contract network significantly decreased during the first half of June 2026, as reflected by on-chain data distributed across the crypto ecosystem.
According to the analysis by specialist Ali Martinez published on his X account, the number of large transactions involving  ETH whale went from 2,194 movements registered on June 5 to only 294 operations computed on June 17. This variation represents an 86.6% drop in the frequency of high-value transfers within the protocol over a 12-day span.
Whale activity on the Ethereum $ETH network has dropped by 86.6%, falling from 2,194 large transactions on June 5 to just 294 today. https://t.co/v14HY5p1hq pic.twitter.com/LYQQcEJ8f7
— Ali Charts (@alicharts) June 17, 2026
Data tracking reveals that the count of large-scale operations maintained an elevated trend between June 5 and June 16, before experiencing its most severe contraction at the close of Wednesday’s trading session.
Movements from wallets with a high concentration of capital are typically monitored closely by retail traders due to their ability to modify market liquidity. However, blockchain records do not directly specify whether these institutions are executing buy orders, sell orders, or maintaining a passive accumulation strategy in private wallets.
Ethereum’s Stability and Cycle Projections
Analysis firm reports suggest that this decrease in the activity of  ETH Whales coincides with a consolidation period where the asset attempts to distance itself from lows near $1,500 to seek stability toward higher marks.
On the other hand, the analyst known as The Great Mattsby stated on his social networks that Ethereum retains a favorable technical structure for bullish positioning despite recent macroeconomic weakness. The technical analysis based on the ETH/USD pair places a support zone at the $1,510 threshold, referred to as the “3 cycles” level.
The price of ETH rebounded after touching that operational floor, driving the exchange value into the range between $1,700 and $1,800 during recent trading sessions.
The platform’s historical charts indicate that, should the current momentum consolidate, the next technical resistance targets in the medium term are located in the $2,230 and $3,295 per unit bands. The technical report clarifies that the current pattern does not guarantee a definitive trend reversal, but it does reinforce the scenario that the digital currency is looking to consolidate a long-term floor.
Traders remain attentive to developments in the upcoming trading sessions to confirm whether the trading volume of  ETH Whales recovers momentum or if a retest of the main support at $1,510 occurs.
