Ethereum jump as wallet wey linked to Hayes buy $5.4M
Ethereum (ETH) climb nearly 6% after dem report say US and Iran fit reach peace deal wey improve global risk sentiment and reopen the Strait of Hormuz for oil shipping. ETH dey trade around $1,828 as dem write, hitting weekly high.
On-chain data from Lookonchain show say one wallet wey fit dey linked to Arthur Hayes receive 3,000 ETH (about $5.42M) from market maker Flowdesk on June 15. Dis news come after Hayes cut down small on some altcoin exposure for defensive reasons in him June 8 essay, while still keep Bitcoin and Ethereum as core holdings.
Another big buyer, geministar.eth, gather 21,136 ETH worth about $37.05M from Binance through multiple transactions.
Technical indicators don turn more constructive: ETH break above the descending trendline wey dey cap rallies since late April and now dey test the $1,850–$1,860 resistance area (near the 0.618 Fibonacci level around ~$1,858). A bullish daily MACD crossover and better Chaikin Money Flow show say selling pressure dey fade. Crypto analyst Ali Martinez also point to possible ascending triangle breakout on the 4-hour chart, with target near $1,850.
For traders, this one mix macro-driven sentiment with whale-style accumulation, keeping ETH buyers in control if resistance hold and break higher.
Bullish
Dis bullish becos e join one macro risk-on catalyst wit clear ETH whale accumulation and technical structure dey improve. Similar setups — macro headlines wey reduce geopolitical risk followed by big on-chain inflows — don historically raise di chance say breakout go last, becos traders plenty dey use news-driven volatility to build or add positions instead of fading di move.
For short term, di reported U.S.–Iran deal and di reopening of Strait of Hormuz don support risk assets overall, helping ETH recover near di $1,850–$1,860 resistance band. Whale buys (Hayes-linked wallet wey receive 3,000 ETH and geministar.eth wey add ~21,136 ETH) dey reduce di odds of immediate top-forming selloff if ETH fit hold above di breakout level.
For long term, Hayes say e still dey hold Ethereum as core asset — even though e trim some altcoins — show say e still believe for ETH role inside crypto liquidity and DeFi. If ETH invalidate di bearish flag pattern by clearing di Fibonacci/triangle resistance zone, e fit attract more systematic and discretionary buying, support momentum beyond di immediate headline cycle.