Short-term liquidity under pressure at #ETH , mid-term whale accumulation signals emerging

Risk Points: Retail traders continue to incur losses (net PnL is negative), slowing inflow of funds to exchanges

Opportunities: Top-tier whales are accumulating ETH against the trend (single address deposits exceed $2.1 billion), heightened activity from high-frequency market makers

Key Levels: Short-term support at 3,500, breaking through 4,200 will open up upward space