Ethereum remained between retail and the accumulation of whales, explains the analyst

by Barry Solano
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According to a recent post of Cryptoque Quicktake by the analyst of the Borisvest channel, Ethereum (ETH) seems to be stuck in a limbo state. While retail investors are sending more and more ETH to exchanges such as binance – generally a sign of sales pressure – large investors regularly remove the ETH from these platforms, indicating long -term accumulation and confidence.

Ethereum is stuck in a rope shot

While ETH is getting closer to the $ 2,000 bar for the first time since March 27, the market feeling seems to change. Optimism approaches the potential of a trend reversal, but data on the chain continue to provide mixed signals concerning the short and medium term management of Ethereum.

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In his analysis, Borisvest stressed that the Metrics Ethereum de Binance send “mixed signals”. While short-term indicators reveal an underlying weakness and investor indecision, longer-term measures indicate resilience and strength.

In particular, average exchange inputs have increased considerably since the end of 2024, suggesting an increasing sale pressure of retail merchants. This model resembles the behavior observed in 2022-2023, when a wave of eth-eth deposits at exchanges preceded a sharp drop in prices.

influx
Source: Cryptocurrency

Likewise, average exchange outings have also increased regularly since October 2023. However, these outputs are largely linked to whale wallets – addresses containing large quantities of ETH – which implies that individuals with high net accumulation Rather than selling. This divergence highlights a classic showdown between fear of retail and institutional confidence.

exit
Source: Cryptocurrency

The analyst also underlined trends in the funding rate. He noted that during the ETH rally at $ 4,000 at the beginning of 2025, funding rates became too positive as the optimistic feeling settled. This long, over-designed positioning led to a strong correction, which lowered the price of ETH to $ 1,400 by April.

Currently, funding rates oscillate in neutral territory, indicating a lack of clear leverage bias. Borisvest noted that if the short interest increased and that the financing rates fall below zero, a short pressure could follow – potentially upwards. However, no configuration of this type has yet been formed.

funding
Source: Cryptocurrency

Meanwhile, the purchase / sale ratio of takers, which follows aggressive market orders, showed high sales pressure at the end of 2024 and at the beginning of 2025 – just before the sharp drop in Ethereum. This ratio is now stabilizing, suggesting that sellers can be exhausted and that buyers are gradually resuming.

Change of fortunes for ETH?

Although the ETH is down 34.3% in the past year, several technical indicators and on chain indicate a potential trend reversal for the second largest cryptocurrency by market capitalization.

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For example, Ethereum recently flashed A golden cross on the daily graph, a bullish indicator which generally leads to major increases. In addition, there is signs That cryptocurrency may have already forced a background for this market cycle.

That said, uncertainty remains. Recently, the co -curriculum automatic learning algorithm foreseen This ETH can attend another crash that could lower its price to $ 1,500. At the time of the press, the ETH is negotiated at $ 1,966, up 7.8% in the last 24 hours.

Ethereum
ETH is negotiated at $ 1,966 on the daily graphic | Source: Ethusdt on tradingView.com

Star image created with UNCLASH, cryptocurrency graphics and tradingView.com

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