Ethereum has surged nearly 6% and attracted fresh whale buying after a reported U.S.-Iran peace agreement improved risk sentiment across global markets.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n According to on-chain tracker Lookonchain, a wallet possibly linked to BitMEX co-founder Arthur Hayes received 3,000 ETH worth approximately $5.42 million from market maker Flowdesk on June 15. The transfer came as Ethereum rallied alongside other cryptocurrencies following signs that tensions in the Middle East may be easing.<\/p>\n The purchase follows a period in which Hayes had been reducing exposure to several altcoins. In his June 8 essay titled Reality Test, the Maelstrom chief investment officer disclosed<\/a> that he had sold positions in Hyperliquid, Near Protocol, Worldcoin, and Zcash.<\/p>\n Hayes described the moves as a defensive response to macroeconomic risks rather than a rejection of those projects, while noting that Bitcoin and Ethereum remained among his core holdings.<\/p>\n <\/p>\n Support for risk assets strengthened after U.S. President Donald Trump announced that a peace deal with Iran had been completed. Trump said shipping traffic through the Strait of Hormuz had resumed<\/a> and that vessels carrying oil were once again moving through what he described as a secure route.<\/p>\n The development triggered a sharp decline in energy prices. Crude oil fell more than 5% to around $80.53 per barrel, easing concerns that disruptions in one of the world\u2019s most important energy corridors could fuel inflation and weigh on financial markets.<\/p>\n Ethereum responded strongly to the change in sentiment. At press time, ETH traded near $1,828 after climbing almost 6% over the previous 24 hours. The move pushed the asset to its highest level in more than a week and helped it outperform several major cryptocurrencies during Monday\u2019s session.<\/p>\n Large investors appeared to be adding exposure during the rally. Separate data<\/a> shared by Lookonchain showed that wallet address geministar.eth purchased 21,136 ETH worth roughly $37.05 million from Binance through a series of transactions on June 15.<\/p>\n Price action has also improved from a technical perspective. On the daily chart, Ethereum has broken above a descending trendline that had capped rallies since late April. The move places ETH above the upper boundary of a bearish flag structure that had formed during the decline from roughly $2,400.<\/p>\n Momentum indicators have started to recover as well. The daily MACD has produced a bullish crossover, while the Chaikin Money Flow indicator has been moving higher, signaling that selling pressure is fading.<\/p>\n Additional upside could depend on whether Ethereum clears a key resistance zone near the 0.618 Fibonacci retracement level around $1,858. A successful move above that area would strengthen the argument that the recent breakout is invalidating the bearish flag pattern rather than confirming it.<\/p>\n Meanwhile, crypto analyst Ali Martinez pointed to a potential ascending triangle breakout on Ethereum\u2019s four-hour chart. According to Martinez, confirmation of the pattern projects a move toward $1,850, placing the target almost directly in line with the resistance area currently being tested.<\/p>\n Even before the latest purchase, Hayes had maintained an optimistic outlook on Ethereum. In a June market thesis, he projected that ETH could reach between $10,000 and $20,000 before the current market cycle ends, citing expected liquidity growth and Ethereum\u2019s position within decentralized finance.<\/p>\n\n
Ethereum extends gains as risk appetite returns<\/h2>\n
Technical indicators point toward $1,850 test<\/h2>\n
![\"Ethereum](\"https:\/\/media.crypto.news\/2026\/06\/ETHUSDT_2026-06-15_23-06-02.webp\")