Ethereum Stuck in Trading Range as Accumulators Battle Long-Term Holder Exodus

Ethereum's price action hits a wall—traders pile in while veterans cash out.

Market Mechanics at Play

Two opposing forces lock ETH in a tight corridor. New money flows into accumulation strategies just as original investors dump holdings near break-even points. The stalemate creates textbook consolidation patterns across timeframes.

Whale Watching Intensifies

Blockchain analytics spot institutional-sized wallets loading up during dips. Meanwhile, decade-old addresses move coins to exchanges for the first time since 2017. This generational transfer signals shifting conviction levels among crypto's elite.

Technical Outlook

Analysts chart support at $2,800 and resistance at $3,400—a range tighter than Wall Street's ethics standards. Volume profiles suggest breakout momentum building beneath the surface. When it snaps, the move could redefine ETH's trajectory for quarters.

Traders ride the chop while fundamentalists debate whether this is smart money positioning or just another pre-halving sideshow. Either way, the gridlock won't last forever.