Ethereum: Major Changes Coming Soon? Why Strategic Buyers are Purchasing ETH

As the cryptocurrency market continues to struggle with investor sentiment fluctuations, Ethereum (ETH) seems to be undergoing significant changes behind the price curtain. While news headlines mainly focus on the decline of DeFi and short-term price fluctuations, on-chain data is painting a completely different picture: the strategic accumulation phase of seasoned investors. Strategic accumulation behavior – Ethereum goes against Bitcoin Blockchain data indicates that Ethereum investors are acting very differently compared to Bitcoin. Specifically, there is no significant increase from the "first-time buyers" or "momentum investors" groups – as reflected in their RSI (Relative Strength Index) which remains low. Meanwhile, the "confident buyers" group – long-term investors who have been accumulating for a long time – has been continuously buying since the end of March. The RSI of this group remains stable around 80, reflecting strong confidence despite the general hesitant sentiment in the market. Another positive is that selling pressure in losses has eased markedly since its peak on April 16. The RSI of the losing selling group has now fallen below 50, suggesting that panic has cooled and sell-off behavior is leveling off. This is a signal that a period of strategic accumulation is underway, rather than fear-driven retreats. DeFi falls, but accumulation wallets show long-term confidence The DeFi ecosystem on Ethereum is undergoing a correction. The total value locked (TVL) on Ethereum's DEX platforms has fallen by nearly 90% from its previous peak, while monthly trading volume has decreased by about 55%. Users are tending to shift to other chains or off-chain solutions in the context of an uncertain market. However, beneath the surface of the adjustment wave, a long-term trend is becoming increasingly clear: accumulation wallets – addresses that have never sold ETH – are absorbing ETH at an unprecedented rate. In just the last 48 hours, these wallets have received over 640,000 ETH – the largest inflow since 2018. Data from CryptoQuant shows that this is evidence of the growing confidence of long-term investors, despite the still weak price of ETH. Ethereum Price Outlook: Balancing Expectations and Selling Pressure Technically, ETH is in a short term recovery process after the strong fall below $1,700. As of the time of writing, ETH has recovered to nearly $1,800 but is facing strong resistance here. The RSI indicator is currently at 52 – indicating a neutral state, while the MACD shows a slight positive crossover – which could be a sign of the beginning of a continued upward trend. However, the trading volume is still low, and the rejection of ETH at the $1,800 mark indicates that the sellers have not yet backed down. If ETH can hold the support zone of $1,720 - $1,750, the possibility of retesting the $1,850 mark is entirely feasible. On the contrary, if this support is lost, the price may return to the $1,650 area. Summary: Although the surface of the Ethereum market shows adjustments and fluctuating sentiment, the on-chain flow indicates a much more positive story: strategic accumulation, long-term confidence, and mature investment behavior from seasoned players. This could be a stepping stone for a strong growth cycle in the future – when the "weak hands" have left the market, and the "diamond hands" quietly accumulate.