Author
Ahmed Barakat
Author
Share
Ethereum News: A wallet linked to Arthur Hayes received 3,000 ETH worth $5.42 million from market maker Flowdesk on June 15, according to on-chain tracker Lookonchain, as Ethereum surged nearly 6% following the announcement of a U.S.–Iran peace agreement.
The ETH purchase signals Hayes is shifting back into direct ETH exposure after weeks of reducing altcoin risk, and doing so at the moment a significant macro headwind has just cleared.
The geopolitical risk removal was decisive. U.S. President Donald Trump announced the completion of the Iran deal and confirmed that shipping traffic through the Strait of Hormuz had resumed, driving crude oil prices up more than 5% to around $80.53 per barrel.
Lower energy prices directly reduce inflation pressure, which improves the macro calculus for high-beta assets. Ethereum’s response was immediate: ETH price climbed to $1,828, its highest level in over a week, outperforming most major cryptocurrencies during the session.
Discover: The Best Crypto to Diversify Your Portfolio
Ethereum News: Whale Buying Extends Beyond Hayes
The whale buying was not isolated to the Hayes wallet. Lookonchain on-chain data showed that the address geministar.eth pulled 21,136 ETH worth approximately $37.05 million from Binance through a series of transactions on the same day.
Combined, the two buyers accumulated more than $42 million in ETH within hours, a scale of accumulation that reflects institutional-grade conviction, not retail momentum chasing.
Hayes’ move follows a deliberate portfolio reset. In his June 8 essay Reality Test, the Maelstrom CIO disclosed selling positions in Hyperliquid, Near Protocol, Worldcoin, and Zcash, framing those exits as defensive responses to macro uncertainty rather than thesis changes.
Bitcoin and Ethereum remained explicit core holdings throughout that rotation, making the Flowdesk-sourced ETH purchase a re-loading of a position he never fully abandoned.
ETH Price Rally Tests Key Technical Resistance
The ETH rally has structural support beyond the macro catalyst. On the daily chart, Ethereum broke above a descending trendline that capped every bounce since late April, clearing the upper boundary of a bearish flag that formed during the decline from roughly $2,400.
The daily MACD has produced a bullish crossover and the Chaikin Money Flow indicator is rising, both consistent with fading sell pressure rather than a sentiment spike that stalls quickly.
The next meaningful level is the 0.618 Fibonacci retracement near $1,858, a zone that has to hold as support on any retest to confirm the bearish flag is invalidated.
Analyst Ali Martinez flagged an ascending triangle on the 4-hour chart projecting a move toward $1,850, placing his target almost exactly at that resistance.
A clean break above $1,858 on volume would significantly shift the near-term structure in ETH’s favor.
Hayes has projected ETH could reach $10,000 to $20,000 before the current cycle ends, citing expected liquidity expansion and Ethereum’s position within decentralized finance.
The June 15 buy, executed through a professional liquidity desk and timed to a macro pivot, is consistent with that thesis playing out in practice rather than just in print.
Discover: The Best Token Presales
