Ethereum storms $1800: $2.8 billion in aggressive purchases over 6 hours
The recovery of Ethereum (ETH) above the psychologically important $1800 mark was accompanied not just by a price increase, but by a real surge of aggressive buying on the Binance spot market. Over a six-hour period on June 15, the total Taker Buy Volume exceeded $2.8 billion, with over $1 billion of that amount occurring in just a single hourly interval.
This spike was the most significant since June 5, when Ethereum was trading around $1605. However, the key difference in the current situation is the timing. At the beginning of the month, a similar volume of aggressive buying was recorded at relatively low levels, whereas now the wave arrived at the moment of breaking through the critical resistance at $1800. This indicates that the upward movement was driven not just by passive interest, but by a targeted and concentrated attack from buyers willing to pay market price.
Analysis: Breakout or Temporary Spike?
A sustained hold above $1800 would confirm the bulls' readiness to push the price higher after the bounce from the June 6 lows near $1510. However, if the momentum weakens, this powerful hourly spike could turn out to be merely a short-term liquidity flush, rather than the start of a broad upward trend. For now, the order flow data on Binance shows that the level breakout was backed by one of the strongest hourly buying waves in the last ten days.
Prolonged Capitulation: A Look at the Macro Structure
On the other hand, analysts note that Ethereum is experiencing an unusually prolonged phase of capitulation. Unlike in 2025, when the bottom formed after a relatively short period of stress, the current correction has lasted several months. Typically, such a level of stress would already correspond to a bottoming process, but the key problem is that selling pressure continues. A bottom forms only when this pressure begins to wane. The main question now is how close this process is to completion, especially against the backdrop of the respite the market is getting from Bitcoin.
Michael van de Poppe, founder of MN Fund, is more confident. He has long noted the current ETH level as an excellent spot buying opportunity on a 6–12 month horizon. The investor expects the formation of a higher low, and the next step, he says, is a breakout of the 0.03250 level in the ETH/BTC pair and a return to a pronounced upward trend.
My expert opinion: The volume spike on the $1800 breakout is a positive signal, but not a guarantee of sustainable growth. The market is in a "bottom-fishing" phase, and to confirm a reversal, selling pressure must truly weaken, not just be temporarily overwhelmed by aggressive buying. We will be monitoring the Taker Volume dynamics in the coming days.