ETH Price- ETH Trading Volume Drops as Whale Accumulation Increases
ETH Price– Ethereum (ETH) recently broke out of a consolidation phase to reach a four-month high, fueled by growing market momentum. Prior to the breakout, whales had shown signs of impatience with stagnant price action—some even opting to sell, only to buy back shortly after.
Whales Sell Low, Buy Back Higher
One notable example, tracked by on-chain analytics, involved a whale selling 30,000 ETH—worth $78.63 million—for a profit of $6.72 million. Surprisingly, this same investor repurchased 16,500 ETH the very next day, paying a premium of $2,818 per coin—higher than the initial sale price of $2,621.
Spotonchain analysts noted that “buying back at a higher price suggests a strong conviction in ETH’s near-term value.”This renewed interest by large holders wasn’t isolated.
Data showed that the Large Holders Netflow to Exchange Netflow Ratio fell to -2.83, a two-week low, pointing to a rise in cold storage accumulation. Over 140,000 ETH, worth roughly $393 million, were withdrawn from exchanges—marking the largest single-day outflow in more than a month.
This trend suggests both whales and retail investors are accumulating ETH in anticipation of potential upside.
ETH Faces Resistance as Traders Take Profit
Despite bullish behavior from large players, ETH dipped 1.76% over the past day, dropping to $2,756. The Exchange Netflow Ratio turned positive again, signaling increased inflows as profit-takers began cashing out.
This tug-of-war reflects mixed sentiment in the market. If selling pressure continues, ETH may remain stuck in the $2,400–$2,700 range. A move toward $3,000 would require reduced selling and renewed bullish momentum.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
