Data: Institutions or re-entering the Ethereum market, focusing on low volatility accumulation zones

According to market news, the average order size indicator for Ethereum spot trading shows that when the market recently dropped to $3,200, whale activity (green clusters) briefly surged. This pattern has historically appeared at local bottoms and early accumulation phases.

Analysis indicates that large market participants may be re-establishing positions in the discounted range, while retail traders remain cautious. Historical cycles show that the transition from whale accumulation to retail selling typically marks a trend reversal or a compression phase before a significant rise. If this behavior continues, and the $3,000 to $3,400 area can serve as structural support, Ethereum may enter a low-volatility accumulation range, building momentum for a potential bull market peak at $4,500 to $4,800.