Ethereum’s price has faced pressure after retreating from its January highs, but on-chain metrics show major investors actively expanding their positions, adding more than a billion dollars in value. Beyond price movements, the network’s fundamentals are strengthening, with daily active addresses rebounding and social dominance rising relative to other cryptos. These trends suggest that the recent weakness could attract buyers rather than trigger a sell-off.
From a technical perspective, Ethereum has fallen more than 15% from its monthly highs and tested roughly $2,950, with the $2,860 support proving decisive and drawing heavier buy interest. Trading around $2,948, the next major hurdle sits near $3,010, and a sustained move above could mark the end of the corrective phase, following earlier momentum exhaustion.
Market participants are watching the activity of large holders, as institutional buyers have reportedly accumulated about 350,000 ETH during the dip, a move analysts view as an entry point rather than a reason to exit. Support for this bullish view comes from the OBV indicator, which has posted higher lows despite falling prices, indicating selling pressure is being absorbed by well-capitalized buyers. Looking ahead to 2026, analysts emphasize overall structure and liquidity flows; if prices clear near-term hurdles, heavy institutional accumulation alongside strong network fundamentals could underpin a recovery.
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