Whales Accumulate Ethereum Amid Retail FUD as ETH Nears ATH
Crypto sentiment tracker Santiment reports that retail traders are selling Ethereum as it nears its ATH of $4,878 amid pervasive FUD on social media. Large whales are accumulating ETH, absorbing the offloaded supply and fueling the rally.
On-chain data from Glassnode show short-term holders selling more actively than long-term investors, indicating possible pullbacks. Ethereum has surged 53% over the past 30 days and climbed 7.95% in the last 24 hours to about $4,622. Despite mixed forecasts—targets range from a near-term top to $10,000—the continued whale buying under low retail confidence supports a bullish outlook. Traders should monitor whale activity, retail sentiment, and on-chain metrics to gauge entry points.
Bullish
Whale accumulation under low retail sentiment absorbs supply and limits selling pressure, a pattern that has historically sustained Ethereum’s rallies. Although on-chain data show short-term holders are selling more actively—hinting at potential pullbacks—the strong demand from large ETH holders and fading sentiment resistance support further upside. This dynamic creates a bullish bias in both the near term and longer term, recommending traders to track sentiment and whale activity for optimal entry points.