Ethereum’s large investors have remained resilient in recent market sessions. While ETH’s price has struggled to sustain strong momentum, these key investors continue to hold on to their positions rather than aggressively reduce their exposure or sell off their coins.
Amid ongoing volatility in ETH’s price action, the large investors have shifted into an accumulation phase as they quietly and rapidly increase their long positions in the altcoin. Should this trend continue over the following days and weeks, it could play a critical role in shaping the altcoin’s next trajectory.
This Metric Could Support ETH’s Next MoveAt the time of writing, the ETH price was trading at $1,980, demonstrating a nearly 5% decline in the last 24 hours. However, its trading volume is moving in an opposite direction, rising by more than 17% over the past day.
