Crypto strategist Joao Wedson observed a decline in the number of large ETH holders and their proportional share of supply. Despite rising prices, these significant wallets have become less active. However, Wedson sees no cause for alarm, drawing parallels to Bitcoin’s past cycles where real market momentum arises from ‘sharks,’ those holding 10,000-100,000 ETH. Since April, this group has amassed approximately 4.4 million ETH, displaying consistent confidence in the asset. Unlike whales often associated with exchanges or long-term holdings, sharks are more dynamic participants in price discovery. Wedson believes their continued buying activity could significantly shape Ethereum’s next major move.