"Are you still waiting for Ethereum to slowly find its bottom? Meanwhile, the smart money in the market has quietly withdrawn 1 million ETH from exchanges." Veteran players in the crypto circle all know: a real bull market is often not caused by noise but by the actions of 'those who understand.' And now, ETH may be quietly on a recovery path faster than you imagine.



1. Why has ETH, which has been slow for years, suddenly seen a turnaround?


If we only look at price trends, many people may feel disappointed with ETH's performance in recent years. Since hitting an all-time high of $4,891.70 in 2021, ETH has been stuck in a long period of sideways volatility. However, this does not mean that Ethereum has lost its value; rather, market sentiment and structural adjustments are 'building momentum.'


However, after entering May 2025, Ethereum's trend began to show substantial changes:


  • In the past 30 days, the increase has reached 55%


  • The current trading price is $2,560.16


  • Up 1.17% in 24 hours, with daily candles showing consecutive gains and stable volume increase



These data are not coincidental but are driven by multiple deep signals.



2. MVRV indicator turns positive, whales collectively sweep up


According to on-chain analyst Ali Martinez's research, Ethereum's **MVRV ratio (market value to realized value ratio)** has moved from a bearish range into a bullish state. This usually means that most investors have returned to profit, and buyer confidence in the market is beginning to recover.


More importantly, on-chain data shows:

✅ Over the past 30 days, whales have cumulatively purchased more than 450,000 ETH

✅ About 1 million ETH has been withdrawn from exchanges, flowing into cold wallets or long-term holdings


The logic behind this behavior is very clear: large funds are unwilling to leave coins in exchanges where they can be 'easily dumped,' but choose to stockpile in anticipation of a new round of market movements.


What is even more concerning is that BlackRock has also officially entered the market, spending $45 million to purchase ETH. This is not just conceptual hype, but one of the largest asset management institutions in the world is betting real money.



3. Decline in ETH reserves on exchanges, easing sell pressure triggering a supply-demand reversal


The rebound of ETH comes not only from an increase in 'willing buyers' but also from a decrease in 'willing sellers.'


Data shows that the ETH reserves on exchanges have dropped to a near-record low, indicating that a large number of holders have chosen to hold long-term or stake. This change will greatly reduce the circulating supply in daily trading, creating an inverted supply-demand dynamic against the backdrop of gradually recovering demand, thus driving prices up.


This is a decisive turning point signal for bullish investors.



4. Institutions bet, releasing the next wave of value expectations


ETH is not only the 'second largest market cap' in the crypto world but also a foundational protocol supporting core technologies such as DeFi, NFTs, stablecoin ecosystems, and L2 expansion.


Now, institutions are massively accumulating ETH, releasing an important signal that the market is beginning to recognize ETH not just as a coin, but as the infrastructure of a new financial system.


With such signals driving the market, if retail investors are still on the sidelines, they are likely to miss the most critical bottom breakthrough phase.



5. Mlion.ai perspective: Using AI to identify ETH trend acceleration signals


For mainstream assets like ETH driven by on-chain behavior, relying solely on price charts is far from enough. You need more precise data models and AI assistance to determine the authenticity of market trends.


Mlion.ai provides AI price predictions, on-chain data analysis, and sentiment model interpretation, which can capture signals in advance from multiple dimensions:


  • Is there a new wave of whale address concentration entering the market?


  • Is the ETH balance on exchanges continuously declining?


  • Has there been a reversal in ETH-related sentiment on social platforms?


  • Are there smart contract addresses massively calling DEX for deployment?



Such deep data often determines whether you can seize the rhythm of ETH's re-launch ahead of others.



6. Conclusion: $3,000 is not the endpoint but the starting point


ETH is not lacking in technology or applications; it only lacks a critical point to break the wait-and-see sentiment.

Now, with whales increasing their positions, institutions entering, selling pressure easing, and on-chain signals reversing, $3,000 is becoming the new central expectation.


If the market continues its current momentum, the breakthrough of $3,000 will only be a 'warm-up,' and the real big market may just be beginning.


#ETH

Disclaimer:

The above content is for informational reference only and does not constitute any investment advice. Cryptocurrency assets are highly volatile, and caution is advised when entering the market. Please make decisions based on your own judgment. It is recommended to use professional research tools like Mlion.ai to enhance information acquisition and risk identification capabilities.