Surprising statistic in ETH: Altcoin rally may be on the way

According to CryptoQuant's data, Ethereum (ETH) investors seem to be adopting different strategies despite market uncertainty.

According to CryptoQuant's analyst named “Darkfost”, there is a noticeable change in investor behavior in Ethereum. So far, while Ethereum's whales and small investors show signs of inactivity, there is a significant increase in ETH investments by medium-sized investors.

What do on-chain data say for Ethereum (ETH) investors?

Darkfost indicates that addresses holding more than 100,000 Ethereum are largely inactive. This trend is often seen in individual investors who accumulate smaller amounts of Ethereum. In contrast, addresses holding 10,000-100,000 ETH are gradually increasing their purchases. On the other hand, medium-sized investors with 10,000-100,000 ETH continue to accumulate. However, investors with 100-1,000 ETH in their wallets are inclined to sell.

The behaviors between different investor segments indicate a complex market outlook for Ethereum. Generally, institutional investors, exchanges, and significant institutions that can significantly influence market trends are among the large investors. The fact that major investors have not yet made a clear move indicates that Ethereum has an uncertain price structure in the short term.

The ongoing uncertainty on the Ethereum side may come to an end with the rise of the ETH/BTC pair. ETH/BTC, which has been in a downtrend since April 2021, could ignite the rally for the altcoin market when the breakout comes. The news flow about the crypto industry will play a critical role in this process. The rally will be further strengthened with the presentation of positive and important news.

This article does not contain investment advice or recommendations. Every investment and trading activity carries risk, and readers should conduct their own research when making decisions.