Ethereum Price Consolidates Near $2,500 Amidst Ongoing Retail Distribution

Ethereum's price has been consolidating near $2,500 on Monday, as retail investors continued to distribute their holdings.

A total of 307K ETH was distributed by retail wallets last week, with 214K ETH coming from investors holding between 1K-10K ETH and 93K ETH from those holding between 100-1K ETH. This distribution pattern has been prevalent since the beginning of the year.

Whales, or wallets holding 10K-100K ETH, slowed their buying pace, adding only 82K ETH last week.

The sustained retail distributions and a slowdown in whale and ETF buying have contributed to Ethereum's consolidation between $2,400 and $2,500 over the past week.