#OnChainDataInsights ETHEREUM: THE WHALE IS GATHERING – SMART MONEY LEADS THE PRICE

When the price of ETH has not clearly broken out, on-chain data tells a different story. The chart shows that the amount of ETH held by large wallet groups (10k–100k ETH and 100k+ ETH) has been increasing significantly recently. This is not a speculative behavior, but an early positioning of large funds.

Notably, the accumulation process occurs while the price is still volatile, and market sentiment is not stable. History shows that whales often buy during periods when few people are patient, when expectations are low and volatility discourages retail investors. Conversely, strong upward movements usually come after the accumulation process has been completed, not when good news is abundant.

In terms of structure, ETH still maintains an important support zone, and there are no signs of large-scale selling. This implies weak selling pressure, while demand is quietly increasing from the 'smart money' group. If this trend continues, ETH is likely preparing a foundation for the next phase, rather than reaching a peak.

👉 I AM STILL BUYING $ETH RIGHT NOW