Ethereum Price Stalls Amid Mixed On-Chain Activity

Ethereum's price stalled as mixed on-chain activity reflected uncertainty among investors. On one hand, whale wallets holding between 10,000 and 100,000 ETH accumulated a net 130,000 ETH over the past week, suggesting some large investors view Ethereum's current price range as an opportunity to increase their holdings.

However, selling among smaller wallet cohorts outweighed those purchases, limiting ETH's ability to establish a clear upward trend. Smaller wallets holding between 1,000 and 10,000 ETH reduced their combined balance by approximately 230,000 ETH after remaining relatively stable during the previous two weeks.

The group of investors holding between 100 and 1,000 ETH also sold roughly 130,000 ETH, steadily reducing its Ethereum holdings throughout the year. Together, these groups recorded net outflows of approximately 360,000 ETH over the past week, nearly three times the amount accumulated by whale wallets.