Ethereum Price Prediction: ETH Might Revisit $1,800 as Whale Activity Slows and ETF Hype Fades
ETH struggles near $2,500 as volume drops and ETF hype fades; traders eye $1,800 support while Remittix gains traction with real-world PayFi use.
ETH has clung to the $2,500 region for most of the week. Weekly turnover has slipped 9%, and the Fear & Greed Index sits in neutral territory, underscoring a lack of conviction among traders.
Many analysts now warn that ETH could retest the psychological $1,800 floor last seen in April if fresh buying fails to appear. With the spotlight shifting, some investors are quietly exploring PayFi alternatives such as Remittix, which offers real-world settlement tools missing from Ethereum’s core roadmap.
Whale Demand Cools as Volumes Shrink
After a record single-day inflow of 871,000 ETH on 12 June, large-holder accumulation has tapered sharply. Glassnode figures show net additions slipping below 100,000 ETH per day by 18 June, while retail wallets continue to cash out.
Exchange data corroborate the slowdown: outflows that averaged $393 million last week have fallen back under $150 million, pointing to weaker conviction among whales.
Network usage is also mirroring the slowdown—daily active addresses are 11% week-on-week lower, and gas fees touched a three-month low on Tuesday. If the downtrend persists, ETH risks losing the $2,395 support level that on-chain analysts have pointed out, clearing the way for an even bigger fall.
ETF Buzz Fades, Leaving $1,800 in View
ETH enjoyed 19 straight days of net inflows into newly listed spot ETFs, topping $1.37 billion before stalling on 17 June with the first minor outflow. Traders now question whether institutions will keep allocating at current prices, especially with the SEC delaying decisions on derivative products tied to staking yields.
Funding rates on ETH perpetuals have flipped neutral, and options skew has turned modestly bearish, reflecting growing demand for downside protection. Technically, ETH remains capped by its 50-week exponential moving average near $2,650.
Failure to reclaim that line could trigger a cascade toward the 0.618 Fibonacci retracement at $1,950 and, in an extended washout, the long-watched $1,800 shelf.
ETH Waits While Remittix Gathers Pace
While whale appetite fades and ETF mania ebbs, ETH becomes vulnerable to a retest of support levels lower before any sustainable bounce. A close below $2,395 with conviction would put more weight on the case for a decline to $1,800, but recapturing $2,650 would spark bullish fervor.
On the contrary, Remittix is quietly gaining traction with its pursuit of frictionless cross-border payments—a use case that is valuable today rather than waiting on regulatory drivers. For investors weighing near-term momentum against long-term fundamentals, monitoring how ETH navigates the current lull—and how Remittix scales its PayFi network—could be the key to outperforming the next market swing.
