Ethereum’s been stuck between $2.4K-$2.5K for 2 weeks, trying to find direction after last month’s dip from $2.8K to $2.1K.
Here’s the twist: whales are quietly scooping up a lot of $ETH — over 1.49M ETH added to their bags in the past month (+3.7%). On July 1 alone, whale net buys surged from 9.8K to 119.3K ETH. 🐋💰
Meanwhile, institutions and retail aren’t following the script. The Ethereum Foundation offloaded 13K ETH (~$32M), and retail sent huge chunks (100K ETH in one day!) to exchanges like Binance. Exchange inflows usually mean sellers gearing up, which can pressure prices short-term. 🔄📉
So what’s going on? 🤔
We have a clear tug-of-war: whales accumulating & holding, while others are cashing out. This battle keeps ETH price stuck and indecisive — RSI at ~48.6 confirms a market cooldown, waiting for the next big move.
👀 Watch closely:
If buyers keep winning, $2.55K-$2.7K zone is next target.
If sellers dominate, ETH could dip to $2,372, breaking current support.
Stay sharp and trade smart! 🔥