π Ethereum ( $ETH ) continues to move sideways, but under the hood, accumulation is gaining strength. On-chain data shows increased activity and strong accumulation from all investor tiers.
π Whales are back in the game. Large Holders Netflow Ratio dropped from 4.28% to 0.62%, showing whales are withdrawing from exchangesβnot selling. Spot Netflow stayed negative all week, signaling buyers are scooping up ETH off the market.
π Buyers dominate: The Taker Buy-Sell Ratio flipped positive, meaning aggressive market buys are outweighing sellsβclear evidence of rising demand and conviction among bulls.
π Key levels to watch: ETH must break above $2,660 to target $2,830βa zone filled with liquidity that could ignite sharp price action. A decisive push past this opens the path to $3,000.
π‘οΈ Support to defend: $2,556 is the level bulls must protect. A breakdown below this could invalidate the bullish momentum.
β³ Accumulation continues. The longer ETH builds this base, the more explosive the breakout could be.
β οΈ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
Top comments (0)