Ethereum Price Today Hits $2,262 — Institutions Stack $113M Worth of ETH!

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In the past week, when the Iran-Israel conflict was at its peak, the recent US attack on Iranian nuclear sites, followed by a lethal warning, spooked investors’ confidence.

As a result, the Ethereum price fell 17% after 45 days of consolidation above the 200-day EMA.. It has retested the $2200 support zone in the last three days of June’s third week’s weekend.

Despite the significant fall in price, the on-chain data speaks differently as the usage and engagement have surprisingly increased in ETH.

Moreover, the recent WSJ shared another bullish news per an analyst claim, that Israel plans to end its war with Iran soon. A big relief rally could be seen if the short-term war ends.Keep reading to know more.

A recent post from a prominent investor and expert, Ted Pillows, reveals that Ethereum net flows far exceeded $1.4 billion last week, while others have much smaller net flows. This indicates that Ethereum usage is increasing despite the current events.

ONCHAIN DATA DOESN’T LIE – $ETH IS MOVING

BIG MOVE INCOMING. JUST HOLD.