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Ethereum whales keep buying despite price struggles; market remains cautious with sellers in control.

Technical Signals
29 May 2026
AMBCrypto
View Source
Neutral
pluang ai news

Ethereum's largest holders, wallets with at least 100,000 ETH, have increased their share to 22.03% of circulating supply, marking a ten-week high in accumulation. This shows strong confidence among big investors even as Ethereum's price struggles to break resistance levels and remains range-bound between $1,847 and $2,419. Meanwhile, derivatives traders have reduced their exposure, signaling caution and uncertainty about the next price move. Positive funding rates indicate that bullish sentiment persists among active traders, but sellers still dominate technically. The market awaits stronger buying to push Ethereum above resistance and align whale accumulation with price gains.

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