ETH short-term rebound 0.83%: whale accumulation and ETF inflows resonate to drive technical recovery

During the period from 09:30 to 09:45 UTC on July 2, 2026, ETH quickly rebounded by 0.83% in 15 minutes, with the price rising from 1,629.54 USDT to 1,652.29 USDT and a range of 1.40%. This period coincided with the price approaching the key psychological support level of $1,500, where technical buying emerged in clusters, significantly increasing market volatility.

The main driver of this anomaly was the continuous accumulation by whales and institutional funds. On-chain data shows that a whale address identified as 0x81D accumulated 50,537 ETH in 24 hours in January 2026, valued at approximately $162 million. At the corporate level, SharpLink accumulated approximately $792 million worth of ETH, and BitMine Immersion purchased approximately $74.9 million worth of ETH. Large-scale hoarding boosted market confidence, triggering a resonance of short covering and bargain buying when the price fell to the key support zone.

In addition, marginal improvement in ETF fund flows provided important support. Ethereum ETFs saw net inflows for 10 consecutive trading days in April 2026, with the highest daily net inflow reaching $43.36 million and total assets under management of approximately $13.66 billion. Institutional funds continued to buy, forming a price bottom support. Meanwhile, exchange reserves hit a record low of 14.5 million ETH in June, with selling pressure fully released. In a low-liquidity environment, the price sensitivity to buying surged, amplifying the magnitude of this rebound.

Currently, attention should be paid to short-term pullback risks: three consecutive quarters of decline indicate a still weak medium-term trend, and the rebound may only be a technical correction. If the key support of $1,500 is lost, it may test the $1,200 area. Traders need to closely monitor ETF fund flows, changes in whale address holdings, and the breakout of the $1,753 resistance level.