Following Ether’s recent dip below $3,200, on-chain analytics platform CryptoQuant reports renewed interest from large investors and institutional players. Experts note that this uptick in activity may signal that Ethereum has reached a local market bottom.
Institutional participants are taking advantage of the pullback in the second-largest cryptocurrency by market capitalization to increase their exposure. Meanwhile, retail traders remain cautious, keeping a watchful eye on price movements.
“If this behavior continues and the $3,000–$3,400 range holds as a support level, Ethereum could enter a period of low-volatility accumulation, preparing for a potential bullish surge toward $4,500–$4,800,” CryptoQuant analysts commented.
On centralized exchanges, Ether trading volumes are declining, which is seen as a positive sign. Investors are moving funds into cold wallets, reducing selling pressure in the market.
In the medium term, this trend could further support Ethereum’s price growth and encourage greater risk appetite among traders. However, a sustained bullish momentum is expected to develop more clearly next year, analysts suggest.
Earlier, blockchain analytics platform Growthepie reported that the Ethereum network reached a new record of 24,192 transactions per second (TPS)—the highest throughput in its history.
