Recent analysis indicates that Ethereum (ETH) has maintained stability around the critical support level of $2,500, with significant accumulation activity observed among large investors over the past 30 days. According to Santiment data, wallets classified as whales and sharks—holding between 1,000 and 100,000 ETH—have increased their holdings by 3.72%, now controlling approximately 26.98% of the total supply. In contrast, smaller and retail investors appear to be liquidating their ETH positions to realize profits, signaling a decline in confidence within that segment of the market.
In the U.S. market, the nineteen-day streak of inflows into spot Ethereum ETFs has ended, with $2.2 million withdrawn on Friday. This marks the first indication of a slowdown in institutional investment that had been ongoing since late last month. Nevertheless, ETH’s price has remained relatively steady near the $2,500 mark, a level of both technical and psychological significance.
Technical analysis reveals that Ethereum’s price has been oscillating within a narrow range between $2,499 and $2,580. Despite minor pullbacks, sustained buying pressure from large holders continues to underpin a strong price floor. Should global economic conditions remain stable and regulatory clarity improve, this foundation could support further price appreciation.
This dynamic reflects sustained confidence among long-term ETH investors who continue to accumulate despite short-term volatility. Meanwhile, smaller investors are adopting a more cautious stance, reflecting broader market uncertainty. Overall, the data portray a stable and positive market structure for Ethereum, particularly highlighted by the active participation of major investors.
Source: coindesk
