Arthur Hayes Continues to Accumulate Ethereum

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 4 days ago

ETH+0.822%

ARKM-0.766%

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Ethereum Accumulation: BitMEX co-founder Arthur Hayes has purchased an additional 1,500 ETH worth approximately $2.63 million, marking the latest in a series of acquisitions this month that underscore his strong confidence in Ethereum's future.
Ongoing Accumulation Pattern: On-chain data from Lookonchain reveals that Hayes-linked wallets bought another 1,400 ETH for around $2.51 million in June, indicating a total accumulation of about $5.4 million in ETH, reflecting his keen market insight amid easing tensions in the Middle East.
Core Position Reset: Following a period of trimming his crypto exposure, Hayes has reloaded his ETH position; despite selling off assets like Hyperliquid and Near Protocol as noted in his June 8 essay, he has maintained Bitcoin and Ethereum as core holdings, demonstrating his bullish outlook on Ethereum's long-term trajectory.
Market Trend Impact: Recent on-chain data shows that accumulation addresses purchased over 1.11 million ETH in a single week, the highest accumulation rate recorded in 2026, and while it remains uncertain if these inflows can establish a durable price floor for ETH, the direction of large-wallet activity is clearly bullish.

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Technical Analysis for ETH

Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Ethereum (ETH) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1451.064	1552.982	1645.704	1747.622	1840.344	1942.262	2034.984
Fibonacci	1552.982	1627.334	1673.27	1747.622	1821.974	1867.91	1942.262

About ETH

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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