Ethereum price stalls as retail selling offsets whale accumulation
Key takeaways
- Ethereum traded sideways as mixed on-chain activity reflected uncertainty among investors.
- Whale wallets holding 10,000โ100,000 ETH accumulated a net 130,000 ETH over the past week.
- Smaller wallet cohorts collectively reduced their holdings by approximately 360,000 ETH.
Ethereum (ETH) continued trading sideways on Tuesday as whale accumulation was offset by selling among smaller wallet cohorts and subdued institutional demand.
On-chain indicators reflect mixed sentiment, with larger investors returning to accumulation while other holders reduce their exposure near break-even prices.
Ethereum whales accumulate 130,000 ETH
Wallets holding between 10,000 and 100,000 ETH added a net 130,000 ETH over the past week. The increase marked the cohort's first significant inflow in almost three weeks.
The renewed whale accumulation suggests that some large investors view Ethereum's current price range as an opportunity to increase their holdings.
However, selling among smaller investors outweighed those purchases, limiting ETH's ability to establish a clear upward trend.
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