Ethereum Whales Buy as RSI Signals Rebound

Source: CryptoNewsNet Original Title: Ethereum Whales Buy as RSI Signals Rebound Original Link: Ethereum’s largest buyers keep adding to their ETH stacks even as the dollar value of those purchases shrinks. On-chain flows and DAT demand still absorb more supply than the market creates, while a fresh RSI breakout suggests momentum may soon spill into price.

Whales Keep Increasing Holdings Despite Dollar Value Decline

Ethereum’s major institutional buyers continue increasing their holdings, yet the value of those purchases shows a clear downward trend. Steady hourly inflows into treasuries are evident, while the broader market downturn reduces their dollar impact. As prices eased from mid-November, each tranche of accumulated ETH translated into a smaller monthly total.

The decline becomes evident when comparing recent figures. July saw major buyers add approximately 2.6 billion dollars’ worth of Ethereum. August then peaked near 4.3 billion dollars, marking the strongest month in the period. However, the momentum reversed in September with 3.4 billion dollars, followed by 2.3 billion dollars in October. By November, the monthly value fell to just 892 million dollars, even though buyers continued accumulating consistently.

These numbers show that accumulation strategy has not changed, but market conditions have. As ETH prices moved lower, the same inflow volumes produced smaller valuations. Therefore, rising on-chain balances now contrast with the sharp slide in monthly dollar totals, signaling how price pressure has reshaped the scale of treasury expansion.

DAT Buying Outpaces New Supply Even as Monthly Totals Decline

ETH demand from DAT structures remains strong, yet the latest figures show a steady drop in monthly purchase volumes. DATs continue to provide a structural bid for Ethereum, though the scale of that support has weakened since the summer peak.

In July, DATs absorbed about 1.24 million ETH while net new supply held near 80,000 ETH. August marked the high point with roughly 1.97 million ETH purchased, again far above the modest monthly issuance. After that surge, buying slowed. September recorded around 1.06 million ETH, followed by 670,000 ETH in October. By November, purchases slipped to roughly 370,000 ETH even as net new supply stayed anchored at about 80,000 ETH each month.

This pattern shows that DAT demand still exceeds Ethereum’s new supply by a wide margin. However, the progressive decline in monthly inflows underscores how the pace of accumulation has cooled since late summer, leaving a narrower cushion between buyer demand and circulating issuance.

RSI Breakout Signals Potential Price Recovery

Meanwhile, Ethereum’s momentum indicators are turning higher even as price trades inside a tight triangle. On the two-day ETH/USD view, candles cluster just above horizontal support while a descending trendline caps recent highs, forming a compression zone.

At the same time, the relative strength index has already broken its own downward resistance, hinting that buying pressure may be returning ahead of price. According to technical analysis, “momentum leads, price follows” and 3,400 dollars is flagged as the next upside level if the breakout extends. Market observers are urged to monitor Ethereum closely as it approaches the apex of the current pattern, as the move appears to be brewing.