According to @rovercrc, large Ethereum holders, known as whales and sharks, have significantly increased their holdings, providing a strong price floor for ETH. Data from analytics platform Santiment reveals that wallets holding between 1,000 and 100,000 ETH have accumulated a net total of 1.49 million ETH over the last 30 days. This represents a 3.72% increase in their combined holdings, bringing their control to 26.98% of the total ether supply. This accumulation contrasts with the behavior of smaller, retail-driven wallets, which have been taking profits. Despite this bullish on-chain signal, U.S.-listed spot Ethereum ETFs recorded their first net outflow of $2.2 million, ending a 19-day inflow streak, as reported by Farside Investors. Nevertheless, the persistent buying from large stakeholders is seen as a key factor maintaining ETH's support above the crucial $2,500 level.

According to @rovercrc, Ethereum (ETH) is demonstrating significant resilience by holding the critical $2,500 support level despite recent market volatility. Technical analysis reveals a double-bottom formation near $2,495-$2,510 and a consolidation pattern between $2,500 and $2,540, which, combined with decreasing volume, suggests potential accumulation by traders. A key bullish indicator on the horizon is a potential 'golden cross,' where the 50-day moving average crosses above the 200-day moving average, a pattern historically linked to upward price trends. While U.S. spot Ethereum ETFs saw a minor net outflow of $2.1 million, breaking a 19-day inflow streak according to Farside Investors, the broader sentiment is supported by a report from Etherealize, which frames ETH as "digital oil" for the digital economy. With over 35 million ETH now staked and open interest at $35.36 billion per CoinGlass, traders are watching the $2,800 resistance level for a potential breakout towards $3,000.