Ethereum has recently increased by over 25%, raising market concerns about whether it will initiate a broader recovery. Whale investors continue to buy in large quantities, while retail traders have reduced their positions, resulting in mixed market signals. Increased inflows to exchanges indicate rising selling pressure, but outflows are also increasing, suggesting strong accumulation. Institutional investors such as Abraxas Capital and Trump-related wallets have made significant purchases, indicating confidence from smart money. Open interest has increased, funding rates have turned positive, and buyer sentiment is gradually gaining the upper hand, with technical indicators showing strengthened momentum. The key support level is at $1793; if it can hold and maintain above $2200, it may drive Ethereum into a sustained upward trend. Overall, whale accumulation, changes in funding rates, and shifts in market sentiment suggest that Ethereum is at a breakout zone, and if retail traders return, it could trigger a broader market recovery.