<div id="readability-page-1"><ul><li><em>Ethereum’s Spot Netflow stayed negative for seven days, signaling steady accumulation across investor segments.</em></li><li><em>Market makers have re-entered with accumulation-heavy activity, hinting at structural support for an upward move.</em></li></ul><p>Ethereum [ETH] continued to trade sideways, but beneath the surface, momentum appeared to be building.</p><p>While market players had taken a step back as the market stagnated, on-chain data indicated the Ethereum ecosystem is more active than ever before.</p><h2><strong>ETH market makers are back in the game</strong></h2><div id="attachment_498186"><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/ETH-money-makers.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1794" height="895" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/ETH-money-makers.jpg"/></p><p id="caption-attachment-498186">Source: X</p></div><p>As such, Aphractal founder Joao Wedson observed that Ethereum market makers had returned with force.</p><p>According to his Wyckoff-based analysis, both accumulation and distribution patterns were playing out in tandem, but accumulation appeared to dominate.</p><div id="attachment_498184"><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/ETH-spot-inflow-outflow.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1852" height="525" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/ETH-spot-inflow-outflow.png"/></p><p id="caption-attachment-498184">Source: CoinGlass</p></div><p>Of course, this wasn’t just speculation.</p><p>Ethereum is seeing strong accumulation from all market participants. For starters, Ethereum’s Spot Netflow stayed negative for a full week, confirming consistent outflows from exchanges.</p><div id="attachment_498183"><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/Ethereum-whale-to-exchange.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1600" height="442" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/Ethereum-whale-to-exchange.jpeg"/></p><p id="caption-attachment-498183">Source: IntoTheBlock</p></div><p>This indicates that there are more buyers than sellers in the market. Currently, there are buyers of all sizes; for instance, Ethereum whales are also making aggressive purchases.</p><p>The Large Holders Netflow to Exchange Netflow Ratio also backed this view. It dropped sharply from 4.28% to 0.62%, implying whales had pulled back from exchange activity.</p><p>This implies that whales are not selling Ethereum instead, they are buying.</p><div id="attachment_498185"><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/Ethereum-Taker-Buy-Sell-Ratio-All-Exchanges.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="2560" height="1440" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/Ethereum-Taker-Buy-Sell-Ratio-All-Exchanges.png"/></p><p id="caption-attachment-498185">Source: CryptoQuant</p></div><p>Increased buying activity has seen buyers dominate the market over the past day. Thus, the ETH Taker Buy-Sell Ratio turned positive.</p><p>A positive ratio here suggests that investors in the market are mostly buying. As such, there are more buy orders executed with buyers lifting offers reflecting strong accumulation across the market.</p><h2><strong>Can ETH finally breakout?</strong></h2><p>As observed above, Ethereum is experiencing significant accumulation, setting the altcoin up for a major move. Thus, the longer this accumulation lasts, the bigger the move will be.</p><p>A breakout above $2,660 would open the door to $2,830—an area stacked with high liquidity, which could attract aggressive moves.</p><div id="attachment_498187"><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/ATH-aggregated-liquidation-scaled.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="2560" height="1440" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/ATH-aggregated-liquidation-scaled.jpg"/></p><p id="caption-attachment-498187">Source: Alphractal</p></div><p>However, Ethereum must clear this zone with conviction. If it does, the next key resistance sits at $3,000.</p><p>To keep this setup alive, bulls must defend the $2,556 support. A breakdown below this level could invalidate the bullish thesis.</p></div>

ETHE

<p>Ethereum's Spot Netflow has been negative for a week, indicating steady accumulation among investors. Market makers are re-engaging, suggesting structural support for an upward move. On-chain data shows increased activity, with whales making aggressive purchases. The ETH Taker Buy-Sell Ratio is positive, indicating more buying than selling. A breakout above $2,660 could lead to $2,830, but bulls must defend the $2,556 support to maintain this bullish outlook.</p>

Ethereum surge ahead? – Traders, watch THIS range for ETH’s big move