🧠 Ethereum Sees Consistent Accumulation — Big Players Are Positioning

Following an 85% price rise since late June, Ethereum is correcting. ETH has dropped 13% after hitting a local high of $3,940, prompting experts to dispute whether this is a good consolidation or a market move. Some see the pullback as a normal stop following a quick rally, while others worry that selling pressure and macroeconomic uncertainties might cause further downward swings.

Outflows are frequently seen as a positive indicator that holders are planning for long-term profits rather than selling. While Ethereum leads in DeFi, stablecoins, and Real-World Asset (RWA) tokenization, this structural demand might support price stability and future rallies.

Analysts report that over 1 million Ethereum (ETH) had been taken from exchanges in two weeks, indicating investor buildup. This enormous outflow limits the liquid supply of ETH, which traditionally coincides with positive price movement. Despite Ethereum's 13% drop from $3,940, recent coin withdrawals imply investors are waiting for the next leg up.

This accumulating tendency matches Bitcoin investment behavior over the previous year. A similar pattern of exchange outflows in 2024 prepared BTC for its huge bull cycle.

After falling sharply from $3,940, Ethereum (ETH) is trading at $3,391. The 12-hour chart shows that ETH has broken below its short-term support and is challenging the 50-day SMA around $3,462, which may be near-term support. If bulls fail to defend this zone, $2,852, a significant resistance level in late June, will be vital support.

ETH has risen over 85% since late June, thus the drop may represent a retest of breakthrough levels. Bulls must stay in the $3,350-$3,450 level to recover dominance and proceed toward $3,860. Not holding might cause a deeper decline to the 100-day SMA at $2,972.

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