$ETH has returned to $3,373, posting an 8% gain in the past 24 hour. The main driver of this recovery is the clear divergence between the behavior of Smart Money and retail investor.
š¹ Data from Santiment show the strongest accumulation since early 2024.
Wallets holding between 100 and 100,000 ETH have added about 934,240 ETH in just the past 3 weeks.
Whales are taking advantage of corrections to increase their position, positioning for a mid term recovery.
šø In stark contrast, small wallet under 0.1 ETH have sold a net 1,041 ETH in the past week.
This imbalance shows that retail investor are reacting negatively to the downward movement, often a sign of a local bottom structure as holdings shift from weak hand to strong hand.
š¹ $ETH has broken out of its short term consolidation zone, turning $3,300 into potential support.
The RSI on the daily chart is approaching 60, indicating improving upward momentum but not yet in overbought territory.
If it hold at $3,300, ETH will aim for the next resistance zones at $3,500 and $3,700.
History show that when whales accumulate during periods of retail fear, the market often prepare for a bullish reversal.
In your opinion, is following the whales footstep wise or risky given the continued market volatility?
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