Whales are confident in accumulating Ethereum: sleeping large investors are staking 10,000 ETH, while retail investors are increasing their selling, exacerbating market divergence.

Background information: The Ethereum market has been volatile recently, with the price failing to break through the key resistance level, and the market sentiment is significantly differentiated. Key events: A long-dormant Ethereum investor regained its activity after 1.2 years, staking 7,182 ETH worth about $18.08 million through Lido Finance, and choosing to earn income through staking despite an unrealized loss of about $4.87 million, showing confidence in Ethereum’s long-term bullishness. At the same time, the whale group bought a total of 613,000 ETH in 24 hours, and the net inflow continued to be positive, indicating that large investors are actively accumulating. Market Divergence: Contrary to the optimism of whales, retail investors have shown a tendency to sell, with ETH flowing into exchanges increasing, reflecting retail investors’ concerns about the market outlook. Technical indicators: The Stoch RSI and RVGI indicators point to strong downward pressure on Ethereum, and a break below the key support level of $2,438 could trigger the risk of a further decline to $1,200. Summary: The Ethereum market is currently showing a divergence between whale active pledge and buying and retail selling, and the price is facing a key support test in the short term, and investors need to pay attention to market trends.