Overview
- Addresses holding 100–100,000 ETH accumulated about 934,240 ETH over three weeks, roughly $3.15 billion by Santiment’s estimate.
- Retail wallets with under 10 ETH net-sold around 1,041 ETH in the past week, marking a clear divergence from larger holders.
- The accumulation phase coincided with cooling volatility and an intraday gain of roughly 8.5% that lifted Ethereum’s price.
- Ethereum reclaimed the $3,250 region and approached the ~$3,400 area, levels traders are watching for potential support and rejection tests.
- Analysts describe the flows as strategic positioning based on on-chain patterns, while noting the data does not establish causation or identify counterparties.