Ethereum Price Remains Steady Amid Whale Accumulation and Retail Inactivity

Ethereum's price remains stable, showing a 0.3% increase over the past week but declining 0.2% in the last 24 hours. Currently, it is trading at $2,436.

Market Dynamics

Large holders are accumulating Ethereum, with around 60,000 ETH in weekly staking inflows.
Withdrawal activity from exchanges exceeds deposits, with over 200,000 ETH withdrawn recently.
Retail investor activity has stagnated, contributing to a lack of bullish momentum.
Daily active addresses are flat at 300,000–400,000, below levels associated with price increases.
The neutral funding rate stands at 0.004%, indicating indecision among leveraged traders.
A supply squeeze exists due to whale withdrawals and stable leverage usage.

Exchange Activity and Macro Factors

Over 100,000 ETH were sent to Binance recently, signaling possible selling intentions.
A divergence exists between Ethereum’s spot price and declining Open Interest on Binance.
US Federal Reserve net liquidity has decreased, tightening financial conditions and affecting crypto capital flows.
Without increased retail participation or improved macro conditions, Ethereum may face downward pressure.