Ethereum rallied 2.75% on June 15, lifting its price to $1,720 as the market responded to reports of a U.S.–Iran peace agreement and the reopening of the Strait of Hormuz.
Price Momentum
At the time of writing, the cryptocurrency traded at $1,720, marking a second straight day of growth. Trading volume surged to $4.95 billion, a rise of more than 65% over the previous 24‑hour period, indicating heightened participation from crypto investors.
On‑Chain Indicators
CryptoQuant data revealed that exchange reserves grew by 76,000 ETH during the last week, a signal that selling pressure could be building as tokens move onto exchanges. In contrast, CoinGlass reported that approximately $21.72 million worth of ETH exited exchanges in the past 24 hours, suggesting that investors may be shifting assets to private wallets.
A whale transaction tracker posted on X that an Ethereum ICO whale borrowed 10 million USDe from Aave and acquired 5,817 ETH at an average price of $1,719, underscoring continued confidence in the blockchain’s short‑term outlook.