📊 Ethereum has been consolidating between $1,727 and $1,877 for over 10 days. Despite the lack of movement, holders aren’t budging — they're accumulating instead.
🐋 Whale activity is heating up. One dormant whale just withdrew 1,202 ETH ($2.2M) from Binance after 4 years. On-chain data shows a 22.5% rise in large holder balances since March.
📉 The Exchange Netflow ratio dropped to -0.62%, confirming more ETH is leaving exchanges — a bullish signal suggesting confidence among investors.
📉 Retail investors mirror this behavior, with 6 of the last 7 days showing negative netflows, contributing to ETH scarcity. Stock-to-flow ratio has now spiked to 374, its highest level this year.
📈 If accumulation continues and outpaces selling pressure, ETH could push past $2K. But if bears hold their ground, expect more sideways action for now.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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