Whales Accumulate ETH as Retail Sells — Potential Breakout Near ATH
I see Santiment reporting that retail traders are selling Ether in disbelief as ETH rallies, while larger holders are quietly accumulating. According to Santiment’s social analysis, bearish chatter outweighs bullish commentary, and traders are showing FUD even as prices climb.
Santiment notes that when retail sentiment becomes excessively bullish, markets often correct — citing prior instances of “extreme greed” on June 16 and July 30, 2025, which were followed by pullbacks. Earlier this year, ETH fell about 60% from its January highs and dipped below $2,000.
Now, smaller traders appear fearful and are offloading ETH, creating buying opportunities for key stakeholders. With limited “sentiment resistance,” Santiment suggests prices may continue upward and could even reach new records.
Glassnode data show short-term ETH holders are selling more than long-term holders, signaling expectations of a near-term pullback. ETH currently trades around $4,622, roughly 5.53% below its $4,878 all-time high from November 2021, having risen 7.95% in the past 24 hours.
Market voices remain split: some warn the market is topping, while others remain bullish. Trader Ted says ETH is “about to break out of its 4-year sideways range,” and Trader Inmortal believes ETH is “escaping gravity” with a target of $10,000.
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