Ethereum Accumulation Phase Begins: What’s Next for Price?

Ethereum (ETH) is now entering a period of accumulation as significant transaction volumes on centralized exchanges indicate this shift. With over 230,000 tokens traded in a single day from centralized platforms, a notable trend has emerged of high-net-worth holders accumulating ETH holdings between 10,000 to 100,000 ETH, purchasing an impressive 520,000 ETH on a single day. Following a strong month that saw prices surge to a peak of $2,700 from the previously established low of $1,500, the momentum has now begun to decelerate.