On-chain data shows a noticeable increase in large-wallet inflows, suggesting that major players are buying into weakness while retail sentiment remains cautious. Historically, similar phases of whale accumulation have often preceded trend reversals or strong medium-term rallies.

Analysts note that this behavior may reflect growing confidence in Ethereum’s long-term fundamentals, including staking dynamics, tokenization (RWA), and the expanding role of stablecoins on the network. If accumulation continues, selling pressure could gradually diminish, improving the risk–reward profile for ETH going into 2026.

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