$ETH is turning green. In order books as well as on social networks, a sense of ascent is in the air. People are watching for a trigger. If there is one promise that the $ETH crypto has been inspiring for months, it is that of a rebound driven by its #etf . But this crypto is not limited to that. Behind the scenes, big holders are active, the numbers are growing denser, and a subtle dynamic is taking shape. The market is waiting for a wick. The wick that will ignite everything.

In brief

$ETH remains stuck below $2,600 despite seven weeks of massive positive ETF inflows.

More than 30 million ETH are stored in wallets that have never been spent.

Retail is slow to respond, with fewer than 400,000 active addresses each day.

#Tokenization and the use of stablecoins give Ethereum a renewed role as a central financial architecture.

The calm before the storm: Ethereum moves under cover

The price of #Ethereum is stagnating, some say. And yet… For seven weeks, ether-related ETFs have been receiving massive inflows: 106,000 ETH have been injected, equivalent to $260 million. A paradoxical situation: ETH remains stuck below $2,600, flirting with $2,592 in recent hours. Technical indicators? Flat. Neutral #RSI . Moving averages stuck.

Inflows and outflows of Ethereum spot ETFs in the USA – Source:#Glassnoden

But the market loves these heavy silences. Like a compressed spring, Ethereum could leap if certain thresholds are crossed. Analysts are watching the $2,745 level. A clear breakthrough could lead to a rise toward $3,067, even $3,300 if the stars align.In summary, the market is waiting for the green light. The gas is ready. The spark is missing.

Whales, ETFs, and retail: an invisible war shakes the Ethereum crypto

Beneath the surface, a silent tug-of-war is underway. On one side, the whales and institutional investors: they are accumulating. According to on-chain data, 30 million ETH are currently stored in accumulation wallets—never spent. A strategy: to absorb the available supply. For several months, over 200,000 ETH have been withdrawn from crypto exchanges each week.

On the other side, retail is stalling. Engagement is dull. The number of active addresses remains stuck between 300k and 400k per day. And as long as this mass does not exceed 400,000, the bullish momentum is slowed.