Even with Ethereum prices experiencing a slight correction, institutional and large-scale buyers continue accumulating ETH on-chain. This trend is evident in both increased on-chain inflows and robust demand from decentralized applications (DATs). While monthly buying volume has decreased, Bitmine’s consistent ETH purchases remain notable, highlighting sustained accumulation despite the market downturn. Meanwhile, DAT activity continues to provide support for Ethereum, though the pace of this demand seems to be cooling off. The RSI indicator suggests a potential price surge on the horizon as momentum indicators turn bullish while prices hover near key support levels.