Data: Institutions may be re-entering the Ethereum market, focusing on low-volatility accumulation zones

According to ChainCatcher, market sources indicate that the average order size indicator for spot Ethereum shows a brief surge in whale activity (green clusters) when the market recently dropped to $3,200. Historically, this pattern often appears at local bottoms and during early accumulation phases.

Analysis points out that large market participants may be rebuilding positions within the discounted range, while retail traders remain cautious. Historical cycles show that the shift from whale accumulation to retail selling usually marks a trend reversal or a compression phase before a major rally. If this behavior continues and the $3,000 to $3,400 range can serve as structural support, Ethereum may enter a low-volatility accumulation zone, building momentum for a potential bull market peak at $4,500 to $4,800.