Ethereum Whales Add Over $350 Million While Retail Hesitates — What Are They Seeing?

Despite a slight recent dip in Ethereum's price and weak retail demand indicated by the Money Flow Index (MFI) failing to confirm higher lows, large holders, or whales, have significantly increased their positions by approximately $350 million since December 26th. This accumulation suggests whales anticipate a setup, contrasting with hesitant retail traders. Furthermore, the Relative Strength Index (RSI) shows a bullish divergence (lower price low, higher RSI low) between November and December, signaling weakening selling pressure, which supports the potential for an ongoing inverse head-and-shoulders pattern reversal. For a bullish confirmation, Ethereum needs to break the $3,390 neckline resistance, potentially targeting $4,400; however, losing the $2,800 support level would invalidate this bullish structure.

(Source：BeInCrypto)