TechFlow, November 10 — According to CryptoQuant, Ethereum spot average order size data indicates institutional investors are returning to the market. During recent market volatility, as prices dropped near $3,200, whale activity saw a brief surge—a pattern historically signaling the formation of a local bottom and the start of an accumulation phase. Analysis suggests large market participants are reaccumulating at lower price levels, while retail investors remain cautious.
If the $3,000–$3,400 range can hold as structural support, Ethereum may enter a low-volatility accumulation phase, setting the stage for a potential breakout toward the $4,500–$4,800 range. Market sentiment surveys show investors hold strongly bullish outlooks on Ethereum’s prospects.
