🔍 Latest monitoring reveals signs of divergence in ETH whale behavior

Over the past 48 hours, continuous on-chain tracking has uncovered several intriguing phenomena. ETH is currently oscillating around $2,284, with a 24-hour increase of 1.78%, but the capital flow behind this rebound is quite interesting.
Detected several addresses worth tens of millions showing obvious accumulation activity near the $2,229 low point, while when the price tested the $2,329 high point, some whales began to reduce their positions in batches. This classic "buy low, sell high" operation indicates that large funds are still quite cautious about the current position.
It is worth noting that the Fear and Greed Index has dropped to 15, indicating extreme fear. Historical experience tells us that when retail investors are extremely panicked, it is often a good time for institutions to deploy. Today, with a trading volume of 488 million USDT, most of it concentrated during the European and American trading hours, suggesting that overseas institutional funds may be quietly building positions.
From a technical perspective, ETH has been oscillating within the $2,200-2,350 range for a week, and this sideways consolidation is usually a preparatory phase before a directional move. Coupled with the negative funding rate for BTC, market short sentiment is beginning to release, which could instead create opportunities for bulls.
Continue to monitor several core whale addresses; any significant abnormal movements will be updated immediately.