Ethereum storms $1800: aggressive purchases of $2.8 billion in 6 hours
Ethereum (ETH) has returned above the psychological mark of $1800, and this rebound was accompanied by a real flurry of buying on the Binance exchange. Over six hours, the total Taker Buy Volume reached an impressive $2.8 billion, with more than $1 billion of that amount occurring in just one hourly interval.
This is the highest hourly value since June 5, when ETH was trading around $1605. However, the current surge is much more significant: it occurred precisely at the moment of testing the $1800 level — the first major return to this zone after the drop to the June 6 low near $1510. Timing is crucial. Earlier this month, a similar volume of aggressive buying was recorded at lower levels, but now we are seeing large players actively supporting the breakout of a key resistance.
What does this surge in buying indicate?
According to analytics, the Binance Total Taker Buy Volume for June 15 amounted to about $2.8 billion. This indicates that the move above $1800 is driven not just by price action, but by a concentrated wave of real market buy orders. If Ethereum can consolidate above this level, it will signal that bulls are ready to push the price higher after the recovery from $1510. However, it is worth remembering: if momentum weakens, the hourly $1 billion spike may turn out to be merely a short-term liquidity burst, rather than the start of a sustainable trend.
Prolonged capitulation and expert views
Another side of the picture is described by analysts, who note that Ethereum is experiencing a prolonged and intense phase of capitulation. Historically, such a level of stress has been characteristic of bottom formation. Last year, ETH found a bottom after a relatively short capitulation phase, leading to a rise to new highs in the summer of 2025. This time, the situation is different: ETH has been in a state of prolonged capitulation for several months. Under normal conditions, such a level of stress would already correspond to the process of bottom formation, but the problem is that selling pressure continues. A bottom forms only when selling pressure begins to wane. The main question now is whether this process is close to completion, especially since Bitcoin (BTC) is giving the market some respite.
More confident is the founder of MN Fund, Michaël van de Poppe. He has long noted the current level for ETH and considers it an excellent spot buying opportunity on a 6-12 month horizon. The investor expects the formation of a higher low. The next step, he says, is a breakout of the 0.03250 mark (in the ETH/BTC pair) and a return to a pronounced uptrend.
My analysis: The current situation is a classic battle between "bears" and "bulls" at a key level. The $2.8 billion buying surge is a powerful signal, but to confirm a reversal, a sustainable consolidation above $1800 is needed, followed by a test of the resistance zone at $1850–$1900. If this does not happen, the market may return to consolidation in the $1700–$1800 range, which would only prolong the accumulation phase.