The good news for Ethereum (ETH) after its collapse to $1.5K: details

Even hackers started hoarding the world’s largest altcoin after the price massacre.

Ethereum’s controversial story of extreme distress continues, as the asset was among the worst performers on Friday (and overall since the correction began), falling to a 14-month low of $1,500.

After the recent FUD spread on

Technical configuration

The largest altcoin by market capitalization was trading above $2,400 in mid-May, when the entire market appeared to be in a much more favorable state, with assets hitting multi-month highs. However, the subsequent rejection pushed him south, culminating, as mentioned, on Friday.

After this $900 drop, a drop of almost 40%, some technical indicators suggest a larger rebound is in the works. The first is the TD Sequential, a metric used to determine the exhaustion of the underlying asset in either direction, which ultimately issued a buy signal on a daily chart, according to Ali Martinez.

The second is actually against BTC. ETH fell sharply against the market leader and fell to 0.026 during the market-wide crash on Friday. Michaël van de Poppe believes that accumulation could be a “judicious strategy”, especially since “returns are likely to peak in the short term and the vote on the CLARITY law is fast approaching”.

And there you have it, 0.026 has been reached.

This is the area where I think accumulating $ETH is a wise strategy, especially since:

– Yields are likely to peak in the near term.
– The vote on the Clarity Act is fast approaching.

The latter is a “Sell the rumor, buy the news” type event,…

– Michaël van de Poppe (@CryptoMichNL) June 7, 2026

Who buys?

In addition to technical tools, on-chain data revealed that different types of investors began to re-accumulate. The first is an Ethereum OG whale that sold for prices above $2,000, but returned to the buying scene by purchasing an asset worth $56 million at less than $1,570 per token. The second came from a wallet linked to Chun Wang, which accumulated over $28.5 million in ETH, according to Lookonchain data.

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The last point presented by the analytics company is rather intriguing, as they are not a typical investor per se. Instead, it is the anonymous hacker behind the Pando Rings attack, who spent 10 million DAI to purchase 6,234 ETH at $1,602 earlier.

Even the hacker is buying the decline in $ETH.

Hacker Pando Rings spent $10 million DAI to buy $6,243 ETH at $1,602 just 6 hours ago. pic.twitter.com/Cqph1Z7aLc

– Lookonchain (@lookonchain) June 6, 2026