{"id":5619,"date":"2025-07-03T05:00:22","date_gmt":"2025-07-03T05:00:22","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-price-stagnates-as-on-chain-data-shows-whale-accumulation\/"},"modified":"2025-07-03T05:00:22","modified_gmt":"2025-07-03T05:00:22","slug":"ethereum-price-stagnates-as-on-chain-data-shows-whale-accumulation","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-price-stagnates-as-on-chain-data-shows-whale-accumulation\/","title":{"rendered":"Ethereum Price Stagnates as On-Chain Data Shows Whale Accumulation"},"content":{"rendered":"

Ethereum continues to exhibit limited upward price movement despite earlier gains last week. Over the past seven days, the asset has gained only 0.3%, while it declined 0.2% in the past 24 hours.<\/p>\n

At the time of writing, Ethereum is trading at $2,436. Notably, the ongoing lack of momentum reflects broader hesitation in the crypto market, even as institutional activity and whale behaviors provide structural support for price levels.<\/p>\n

Ethereum Whales Accumulate, Retail Traders Remain Inactive<\/h2>\n

In a recent market insight<\/a> shared on CryptoQuant\u2019s QuickTake platform, on-chain analyst Banker described Ethereum\u2019s current phase as a \u201cdeadlock.\u201d<\/p>\n

According to him, the market is witnessing steady accumulation from large holders, particularly visible through consistent ~60,000 ETH in weekly staking inflows and significant negative exchange netflows, which point to withdrawal activity exceeding deposits.<\/p>\n

\"Ethereum<\/p>\n

However, these developments are being met with little to no increased activity from retail investors, creating a state of stagnation rather than bullish momentum.<\/p>\n

Banker noted that exchange data shows over 200,000 ETH being withdrawn in recent spikes, likely absorbed by institutional players. On the other hand, retail-driven deposits, which have reached around 100,000 ETH since 2023, are not enough to create breakout pressure.<\/p>\n

Daily active addresses remain flat at 300,000\u2013400,000 levels, far below what has historically coincided with strong upward moves in Ethereum\u2019s price. The neutral funding rate of 0.004% further reflects a lack of directional conviction among leveraged traders.<\/p>\n

\"Ethereum<\/p>\n

According to Banker, the continued withdrawal activity by whales, combined with stable leverage usage, is creating a kind of supply squeeze that prevents significant downside pressure.<\/p>\n

However, without renewed participation from retail investors or a rise in daily address activity above 400,000, Ethereum is likely to remain within a narrow range.<\/p>\n

The report concludes that while downside is being contained by large holders, a meaningful breakout would require broader market engagement or a clear external catalyst.<\/p>\n

Exchange Activity, Divergences, and Macro Factors Add Headwinds<\/h2>\n

Meanwhile, in a separate post<\/a>, CryptoQuant analyst Amr Taha examined Ethereum\u2019s exchange inflows and derivatives data, suggesting the market may be on the verge of short-term volatility.<\/p>\n

Taha reported that on July 1, over 100,000 ETH, worth around $250 million, were sent to Binance in two separate transactions. Such large inflows typically indicate selling intentions or a preparation for trades, especially when they coincide with other bearish signals.<\/p>\n

Taha also highlighted a divergence between Ethereum\u2019s spot price and Binance Open Interest. While ETH recently printed three local highs above $2,500, Open Interest has continued to decline, forming three lower highs. This lack of confirmation by derivatives traders suggests hesitation to commit to long positions.<\/p>\n

At the same time, US Federal Reserve net liquidity has dropped from roughly $6.2 trillion to $5.84 trillion, tightening financial conditions and reducing capital flows into risk assets like crypto.<\/p>\n

According to Taha, unless macro conditions improve or Ethereum-specific demand surges, the asset could face downward pressure in the short term.<\/p>\n

\"Ethereum<\/p>\n

Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum continues to exhibit limited upward price movement despite earlier gains last week. Over the past seven days, the asset has gained only 0.3%, while it declined 0.2% in the past 24 hours. At the time of writing, Ethereum is trading at $2,436. Notably, the ongoing lack of momentum reflects broader hesitation in the crypto…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[220,51,263,69,71,407,73],"class_list":["post-5619","post","type-post","status-publish","format-standard","hentry","category-ethereum","tag-altcoin","tag-crypto","tag-cryptoquant","tag-eth","tag-ethereum","tag-ethereum-analysis","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=5619"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5619\/revisions"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=5619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=5619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=5619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}