On June 15, a wallet linked to BitMEX co-founder Arthur Hayes received 3,000 ETH from market maker Flowdesk — worth roughly $5.42 million at the time. The transfer came as Ethereum surged nearly 6% on the back of a U.S.–Iran peace agreement announced by President Donald Trump. Hours earlier, on-chain data showed another address — geministar.eth — had pulled 21,136 ETH, about $37 million, from Binance. Combined, the two buyers scooped up more than $42 million in ETH in a single day.
The peace deal catalyst
Trump confirmed the Iran deal was complete and said shipping traffic through the Strait of Hormuz had resumed. Crude oil jumped more than 5% to around $80.53 a barrel. Ethereum climbed to $1,828 — its highest in over a week — and outperformed most major cryptocurrencies. The macro shift gave risk assets a clear bid, and crypto didn't sit it out.
Hayes' portfolio rotation
In a June 8 essay titled Reality Test, Hayes disclosed he'd sold positions in Hyperliquid, Near Protocol, Worldcoin, and Zcash. He framed those exits as defensive responses to macro uncertainty. But Bitcoin and Ethereum stayed as explicit core holdings. The Flowdesk transfer fits that pattern. Hayes has previously projected ETH could hit $10,000 to $20,000 before the current cycle ends, citing expected liquidity expansion and Ethereum's role in DeFi.
Technical breakout in play
On the daily chart, Ethereum broke above a descending trendline that had capped every bounce since late April. That line also marked the upper boundary of a bearish flag formed during the decline from roughly $2,400. The daily MACD posted a bullish crossover, and the Chaikin Money Flow indicator is rising. Analyst Ali Martinez spotted an ascending triangle on the 4-hour chart projecting a move toward $1,850. The next meaningful resistance sits at the 0.618 Fibonacci retracement near $1,858.
Whale accumulation accelerates
The two large purchases — Hayes' wallet via Flowdesk and the geministar.eth withdrawal — show that deep-pocketed players are adding ETH aggressively into the breakout. It's not just retail chasing the headline. Whether the move can hold past $1,858 will tell if the bearish flag has truly flipped.
