Ethereum whales buy 7,788 ETH under $2.3k as momentum stays weak

Ethereum whale activity dey remain focus as whale accumulation don rise: four big wallets buy 7,788 ETH (about $17.67M) while ETH dey trade below $2.3k. Di buys happen for discounted levels, including wallets wey return after more than 1 year of inactivity and one holder wey add 1,500 ETH with reported unrealized profit. On-chain monitoring mention Lookonchain, Onchain Lens, CryptoQuant and exchange data. Traders dey watch for demand “wall” near $2.3k. Exchange Netflow drop to -18.7k ETH, suggesting spot accumulation. But rebound try bin reject around $2,382 four days ago, and price action don print lower lows. Technical signals de look mixed-to-weak: Stochastic Momentum Index (SMI) drop to -28, showing persistent sell-side pressure. CryptoQuant’s Ethereum Supply Ratio (ESR) rise to 0.126 (monthly high), implying whale accumulation never yet absorb broader selling. Tactical outlook: ETH likely go range between $2.2k and $2.3k near-term. Bullish trigger na break and acceptance above $2.4k; if whale bids absorb selling, next upside target dey around $2,536. Otherwise, traders fit see continued consolidation toward $2.3k support.