Ethereum Whales, SDT Accumulate $1.9M, SM Sells $689K

In the past 24 hours, the Ethereum market has seen a notable shift in trading dynamics, with whales and smart DEX traders (SDT) emerging as net buyers, while smart money (SM) has been selling. Whales recorded a buy volume of $6,942,812, exceeding their sell volume of $5,922,136. Similarly, SDT showed a buy volume of $2,803,388 against a sell volume of $1,957,518. These movements indicate confidence in ETH’s future price among institutional and experienced traders.

In contrast, SM displayed a different behavior, selling $1,659,691 compared to a buy volume of $969,774. Despite this selling pressure, the overall buy-side dominance limited the bearish impact. Over a shorter 6-hour timeframe, all groups showed caution. Whales recorded a net buy of $180,399, SDT posted $84,023, and SM added a smaller net buy of $44,296. These reduced volumes reflected market indecision.

Whale accumulation, often a precursor to bullish moves, was evident with a 24-hour net buy of $1,020,676, reinforcing a positive outlook. SDT’s $845,870 net buy further supported strategic accumulation. In contrast, SM’s net sell of $689,917 suggested profit-taking but lacked the volume to alter market sentiment. If whale and SDT buying persists, Ethereum could test critical resistance levels. However, an increase in SM selling might indicate the start of a corrective phase.

Further, net volume analysis reinforced the bullish sentiment observed in large trader activity. Over 24 hours, whales accumulated a net buy of $1,020,676, reflecting strong positioning. SDT followed with a net buy of $845,870, while SM registered a net sell of $689,917. The net volume balance favored buyers, strengthening ETH’s short-term outlook. Shorter-term trends indicate reduced market aggression. Over the past six hours, whales recorded a net buy of $180,399, SM contributed $44,296