The Ethereum market is witnessing a resurgence of interest from institutional investors. Analysts at CryptoQuant have noted that the average size of spot orders for Ethereum is rising again after a recent price drop to $3200. This trend has been accompanied by the activity of large players, which usually indicates the formation of a local price bottom.
This is reported by Finway
Signs of Institutional Players’ Return
Experts point out that the activity of so-called “whales” during the price decline may signal the return of institutional investors to the market, who use price dips as opportunities to enter positions. In contrast, retail traders are currently showing caution and are not rushing into active trades.
“If this behavior continues and the $3000-$3400 range holds as structural support, Ethereum may enter a low-volatility accumulation zone, preparing for a potential final bullish impulse towards the upper range of $4500-$4800,” CryptoQuant noted.
Situation in the Bitcoin Market
In addition to Ethereum, analysts also note an increase in activity among long-term Bitcoin holders. According to them, on November 4, the number of Bitcoin transfers to exchanges reached its highest level since July, with the largest share of transactions involving coins aged between three and seven years. These are the coins of so-called “long-term whales.”
Experts specifically highlighted the movement of assets from wallets that had remained inactive for over seven years. Such coins are rarely moved without serious reasons, so their activation could signal significant changes in the market — for instance, the beginning of a major correction or a new phase of positioning by institutional players.
“The fact that the price remains around $106,000 despite these movements confirms that the market is in a phase of calm redistribution rather than a sell-off. If the balance between old deposits and ongoing demand from new participants is maintained, we can expect price accumulation upwards in the coming weeks, paving the way for a new upward trend fueled by institutional demand,” CryptoQuant explained.
Previously, crypto analyst Willy Woo predicted further Bitcoin growth amid a recovery of liquidity in the market.