<div id="readability-page-1"><div><ul><li>Ether (ETHUSD) fell below the inverted cup-and-handle neckline on June 2, trading near $1,795. A drop under $1,714 could target $1,550; reclaiming $1,893 then $2,004 would resume upside. 1</li><li>Spot Ether ETFs logged 16 straight days of net outflows: US-listed funds shed about $847.2M last week, while global Ether ETFs saw over $257M in outflows. 2</li><li>BitMine and Sharklink hold ~7% of circulating Ether; BitMine owns ~5.4M ETH after buying 111,942 ETH. Annual ETH staking rewards ~$500M. ETH joins Russell 1000 on June 26. 3</li><li>ETHUSD trades in a rising three-day channel, currently pulling back inside an uptrend. Traders watch a key support level to see if price holds amid channel consolidation. 4</li><li>Whale borrowed $10M USDT to buy 5,589 ETH at ~$1,789, raising holdings to 82,754 ETH, valued near $147.3M. 5</li><li>Ether (ETHUSD) broke above its 4-hour 200 SMA and 4-hour 200 EMA for the first time since April, showing relative strength vs Bitcoin—signal traders watch for sustained momentum. 6</li><li>Bankless co-founder David Hoffman sold all ETH; half proceeds moved into VVV, NEAR, ZEC, HYPE, the rest into LIT. He called Ethereum a utility needing stronger leadership to draw investors. 7</li></ul></div></div>

ETHE

Ether fell below key technical levels near $1,795 amid 16 days of ETF outflows. Major holders BitMine and Sharklink control ~7% of supply, while ETH joins the Russell 1000 on June 26. A whale increased holdings to 82,754 ETH via leverage. Conversely, Bankless co-founder David Hoffman sold all ETH, citing leadership issues.

TradingView

Grayscale Ethereum Staking ETF

ISHRS Russ 1000 Val

ISHRS Russ 1000

Bitwise Ethereum ETF

Fidelity Ethereum Fund

ISHRS Russ 1000 Growth

21Shares Ethereum ETF

Vanguard Russell 1000 Growth

Vanguard Russell 1000

IShares Ethereum Trust ETF

Key facts: Ether below neckline; $1.1B outflows; Miners 7%; Russell join