Ethereum market split: whales buying, smart money selling - what's going on?

Over the past 24 hours, gross net flows in Ethereum have turned positive, recording a change of 3.75 million ETH.

ETH accumulation by whales often precedes bullish moves, and their net purchases of $1,020,676 in 24 hours confirm this prediction. The balance between hoarding and selling on the #Ethereum [ETH] market has determined the short-term movement of #ETH , while long-term trends have revealed potential breakout opportunities. Over the past 24 hours, whales and DEX smart traders (SDT) have been net buyers and hoarding. Indicators. Whale recorded a buy of $6,942,812, outperforming a sell of $5,922,136; SDT repeated the trend, buying $2,803,388 versus a sell of $BTC These developments are indicative of institutional opportunities. However, smart money (SM) showed the opposite, selling $1,659,691 versus buying $BTC Despite this selling pressure, buyers prevailed, so bearish influence was limited. influence was limited. influence was limited. On the shorter six-hour timeframe, all groups were cautious, with Whale overbought at $180,399, SDT at $84,023 and SM at $44,296. The decrease in volume reflects the market's indecision. the accumulation of whales, which is often a precursor of bullish movements, reinforced the positive outlook: in 24 hours the overbought amounted to $1,020,676. SDT's net purchases of $845,870 further supported the strategic accumulation. In contrast, SM oversold at $689,917 indicated profit taking, but the volume was not enough to change the market sentiment If Whale and SDT's buying continues, Ethereum could test a key resistance level. However, stronger selling by SM could signal the start of a correction. Net volume analysis also confirmed the bullish sentiment seen in large trader activity. Whales recorded an overbought volume of USD 1,026,676 in 24 hours, reflecting strong positioning; SDT recorded an overbought volume of USD 845,870 and SM recorded an oversold volume of USD 689,917.

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