Ethereum surged 31.88% in just three trading sessions.
The notable difference indicates that price action is being driven more by spot demand rather than institutional flow.
Ethereum [ETH] has broken out unexpectedly. This altcoin surged 31.88% in less than three days, despite ETF outflows nearing $60 million.
Instead of slowing down, ETH is breaking through resistance levels and re-establishing monthly highs, reversing the bearish sentiment.
This difference is not just a retail electronic frenzy.
According to TinTucBitcoin, this is a typical setup for a FOMO explosion, where initial spot demand gives way to the rotation of smart money chasing asymmetric opportunities.
The major resurgence of Ethereum
Ethereum whale activity is playing a contrasting game, moving against ETH's price action.
Since peaking in mid-December at $4,000, the number of whale addresses holding over 1K ETH has increased.
At the same time, these high-value wallets are currently in a state of unrealized loss, waiting for a breakout opportunity or quick profit.
In fact, when ETH surged 30% to $2,345 on May 9, the whale group decreased from 4,945 to 4,913.
Source: Glassnode
Overall, aside from the ETF outflows, even so-called smart money is contributing to increasing downward pressure, either sitting on the sidelines or withdrawing from the market.
However, Ethereum's breakthrough is challenging this restraint.
Driven by the Pectra upgrade, increasing dominance in tokenizing real-world assets (RWA), and a cleaner ecosystem, ETH is doing what market makers call 'cleaning up the structure'.
For the first time in a while, Ethereum seems to be breaking free from 'identity crisis', and on-chain metrics are supporting this momentum.
FOMO resurfaces: On-chain movements ready to attract significant capital inflow.
Ethereum's breakout is rekindling FOMO. ETF inflows have turned green, pulling in nearly $18 million in new capital.
Meanwhile, whales are coming back — addresses holding over 10K ETH have turned net positive in the past 30 days, marking the first cumulative increase in three months.
History shows that this type of accumulation by large whales is often a reliable sign of exponential expansion for Ethereum.
Source: Glassnode
This is a clear signal: Smart money is targeting higher returns, and ETH is back on their radar.
The breakout to $2,000 did not happen randomly. It was driven by strong buying support, indicating that this is not just a short squeeze, but the beginning of a structural shift in demand.
If maintained, Ethereum may be preparing for a new higher leap.
The appearance of large whales at the top is rarely coincidental — ETH may be returning to 'market leader' mode.
Source: https://tintucbitcoin.com/ethereum-tang-32-khi-60-trieu-usd-roi-etf-khung-hoang-danh-tinh-da-het/
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