Ethereum Price Stagnates as On-Chain Data Shows Whale Accumulation
Ethereum's price has shown limited movement, gaining only 0.3% over the past week and declining 0.2% in the last 24 hours, currently trading at $2,436. Large holders, or whales, are accumulating Ethereum, with approximately 60,000 ETH in weekly staking inflows and over 200,000 ETH withdrawn from exchanges, indicating strong institutional interest. However, retail investor activity remains low, with only about 100,000 ETH deposited since 2023 and daily active addresses flat at 300,000–400,000. This stagnation is preventing significant price movement. Analysts suggest that without increased retail participation or external catalysts, Ethereum will likely remain in a narrow range. Additionally, recent large inflows to exchanges signal potential selling pressure, and a divergence between spot price and derivatives indicates trader hesitation. Macro factors, including reduced US Federal Reserve liquidity, may further impact Ethereum's short-term outlook.
