2026-01-03 06:26:54

Based on recent Ethereum performance, Wednesday's data was relatively impressive, mainly driven by investors from Grayscale suddenly showing a strong buying signal. However, BlackRock's investors still maintain a selling stance, playing the role of the main selling pressure. Actions by other institutions can basically be ignored.

Looking at the full-year framework of 2025, investors in the US have already net bought over 2.47 million ETH, which is equivalent to about 40% of the current total ETH supply. This scale is quite alarming. Interestingly, most investors are still adopting a wait-and-see attitude, similar to the situation with Bitcoin.

From a technical perspective, if there is a pullback in the range of 3087-3063 below, consider buying on dips. For rebounds, focus on the performance within the target range of 3140-3190 above.

ETH0.51%

BTC0.31%

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StakeTillRetire

· 8h ago

Grayscale is starting to buy again, while BlackRock is still selling... These two are really undermining each other.

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MetaverseLandlord

· 8h ago

Grayscale is causing trouble again, BlackRock is suppressing the market... These two institutions are fighting each other, and retail investors are just watching the show.

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NftMetaversePainter

· 8h ago

actually the 247M ETH accumulation thesis is precisely where algorithmic value extraction meets computational aesthetics... the hash-weighted distribution patterns here are quite fascinating when you dissect them through a blockchain primitive lens

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CodeAuditQueen

· 8h ago

The sudden surge in grayscale shouldn't be overthought; the key is how long BlackRock's selling pressure can last. 2.47 million ETH were absorbed, which is indeed shocking, but the issue is—big institutional holdings follow logic similar to writing smart contracts, and they must consider re-entrancy attack risks. Once liquidity vulnerabilities appear, it's all over. The many people watching on indicate that the market is essentially testing for security risks, not genuinely optimistic. If the line at 3087 below breaks, I will consider bottom fishing. Entering now feels like transferring in an unverified contract.

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MEVHunterNoLoss

· 8h ago

Gray is playing here, and BlackRock is still dumping? Who's going to win between these two... Wait, 2.47 million ETH is 40%? Damn, that number is outrageous.

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