- Large ETH transactions increased over 185%, while Valhorts signals potential price pressure ahead.
- Despite this, retail engagement and wallet activity remains strong and suggests underlying networks resistance.
A Ethereum (ETH) Foundation-linked wallet has triggered new problems with the sales side after depositing $ 1,000, worth $ 1.58 million, to the Kraken. This wallet had received over 84,000 ETH more than ten years ago, when ETH traded close to $ 1.2.
At the same time, another choice sold 2,056 ETH to $ 1,591 and opened a 10 times card on Hyperliquid. Together, these measures suggest an increasing Baisseish intention from major players.
Therefore, the question arises – whales that quietly prepare for a deeper correction while retail activity remains strong?
ETH: Institutional flows are growing, but retail still holds land
Transaction activity paints a mixed but revealing picture of market behavior. Transfers over $ 1 million have increased by 64.24%, while over $ 10 million nailed by an astonishing 185.71%, which emphasizes the growing influence from large units.
These increases reflect whales that move funds more aggressively and are probably preparing for short -term volatility or portfolio adjustments. But smaller transaction bands – especially between $ 1 and $ 100 – also registered a remarkable growth of +6.71% and +4.82% respectively.
Therefore, while election activity is increasing in intensity, smaller holders continue to get involved in the network, which signals that Ethereum’s basic use remains strong despite increased pressure on the sales side.
Source: Intotheblock
Wallet growth strongly reveals confidence in user level
Ethereum’s indicators at network level remain robust and offer a basic counterbalance to walled problems. During the past week, the new address creation increased by 13.93%, indicating increased on board and fresh user engagement.
At the same time, active addresses increased by 3.09%, which shows that existing holders continue to interact with the network. In addition, the zero balance addresses also climbed by 8.82%, a sign of previous inactive wallets that return to activity.
These increases indicate that organic demand, despite short -term price volatility and electoral movements, does not disappear. On the contrary, Ethereum continues to attract user interest at a rate that can provide support for sharper declines.
Source: Intotheblock
Are Over Delivered Longs set up a clamp?
Liquidation data reveals increasing risk of haus -like traders. On April 22, long liquidations of $ 25.71 million amounted to dollars, while the short side of liquidations reached only $ 5.17 million.
This broad imbalance shows that traders remain too optimistic, which potentially ignores growing baissey feeling driven by election outputs and derivative volatility.
Source: Coinglass
In addition, Ethereum’s trading price of $ 1,584.44, a decrease of 3.71% at the time of writing, was a decrease, which indicates that another drop could quickly relax with long positions.
In addition, the derivative volume increased by 49.48%to $ 48.16B, and alternative volume also increased 59.34%, but the total open interest decreased 2.87%, which emphasized uncertainty and fragmented conviction over the markets.
Can ETH stay afloat, or is deeper pain forward?
Ethereum is now facing a fork in the way. On the one hand, retail activity and network commitment show resilience, which suggests continued to believe in the long -term value of the asset. On the other hand, coordinated election outputs and increased leverage on a short side indicate baisse -like expectations among influential players.
Therefore, unless new demand goes in to neutralize this pressure, Ethereum can struggle to maintain its current price zone and can go through lower levels before stability returns.
